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WAGE and transport fare hikes will likely keep inflation high for the rest of 2018, the central bank said, adding that overall price increases are expected to moderate only next year.

THE BUREAU of Internal Revenue (BIR) may now notify taxpayers that their information was sent to a requesting foreign tax authority as investigation reaches the final stages.

DAVAO CITY -- The privatization of the Agus-Pulangi hydroelectric power complex in Mindanao has been put on hold until after a plebiscite next year on Republic Act No. 11054, or the Organic Law for the Bangsamoro Autonomous Region in Muslim Mindanao.

THE DEPARTMENT of Finance (DoF) wants to make public the names of businesses that avail tax incentives.

TOKYO -- Japan’s prime minister arrived in Beijing on Thursday for his first formal bilateral summit with Chinese leaders in seven years as the Asian rivals seek to build on a thaw in ties against a backdrop of trade friction with the United States.

THE SUPREME COURT has lifted the temporary restraining order (TRO) on a Quezon City 2016 ordinance that increased the fair market values of real property for taxation purposes, saying the petitioner Alliance of Quezon City Homeowners’ Association, Inc. (AQCHAI) had no legal capacity to file the case in the first place.

THE CENTRAL BANK is expanding opportunities under unit investment trust funds (UITFs) by allowing placements in government-issued debt papers.

EMPLOYERS’ GROUPS argued before Metro Manila’s wage board in consultations on Wednesday that the hefty increase in daily minimum pay for private sector workers sought by labor groups would hit businesses -- especially micro, small- and medium-scale enterprises -- hard and will likely cause inflation to spike further.

THE RANKS of Philippine universities making it to the Quacquarelli Symonds (QS) Top 500 Universities in Asia grew to eight in the 2019 edition with the addition of the Mindanao State University-Iligan Institute of Technology (MSU-IIT), according to a press statement the Commission on Higher Education (CHEd) released on Wednesday.

STATE SPENDING on infrastructure and other capital outlays continued to surge in August, fueled by roadworks and acquisition of military equipment, the Department of Budget and Management (DBM) said on Tuesday.

MANILA and Washington announced on Tuesday gains in resolving “a number of recurring bilateral trade issues” amid their intention to start talks on a prospective free trade pact.

ECONOMIC GROWTH will likely remain below target this semester, a global bank said, with the pace to be driven largely by government spending as consumption will likely ease amid rising prices of goods.