Senate body approves CITIRA bill
A SENATE COMMITTEE on Wednesday approved a priority bill of President Rodrigo R. Duterte that seeks to lower corporate income tax and streamline fiscal incentives.
S&P trims Philippines 2020 growth outlook
S&P GLOBAL RATINGS trimmed its growth outlook for the Philippines this year, even as it expects the economy to be one of the “least affected” by the coronavirus disease 2019 (COVID-19) outbreak in the Asia-Pacific region.
Auto sales fall as Taal eruption disrupts operations
AUTOMOTIVE SALES dropped by 12% in January after manufacturing plants and dealerships in Calabarzon (Cavite-Laguna-Batangas-Rizal-Quezon) temporarily halted operations due to the eruption of Taal Volcano, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Wednesday.
REITs seen to drive development outside Manila
THE TAKEOFF of real estate investment trusts (REITs) in the Philippines this year, starting with Ayala Land, Inc. (ALI), is seen to drive developments in cities outside Metro Manila and spark growth in new segments for real estate firms.
Moody’s cuts PHL growth forecast
MOODY’S Investors’ Service has cut its growth forecast for the Philippines while also trimming its outlook for some Asian countries as some sectors are expected to take a hit due to the coronavirus disease 2019 (COVID-19) outbreak.
‘Duterte Harry’ renews attacks on critical media
PRESIDENT Rodrigo R. Duterte dislikes the press and he’s not afraid to show his disdain for it.
Electronics exports growth in 2019 exceeded SEIPI target
ELECTRONICS exports jumped by 4% in 2019, exceeding the industry’s full-year growth target of 0-3% and reaching a new record, according to the Semiconductor and Electronics Industries of the Philippines Inc. (SEIPI).
BoC sees ‘huge’ drop in cargo volume in Feb.
THE Bureau of Customs (BoC) is seeing 50% year-on-year drop in trade volume in the first half of February, as the coronavirus disease 2019 (COVID-19) outbreak disrupted global supply chains.
UK trade envoy sees ‘strong’ potential for FTA with Philippines
THE POTENTIAL for a free trade agreement (FTA) with the United Kingdom (UK) is “quite strong” after its exit from the European Union (EU), the UK trade envoy to the Philippines said.
Remittances reach record in 2019
MONEY sent home by overseas Filipino workers (OFWs) reached a record high in 2019 despite global uncertainties as higher inflows from other countries offset a decline in remittances from the Middle East.
International tourist arrivals hit 8.26 million
INTERNATIONAL tourist arrivals reached 8.26 million in 2019, exceeding its 8.2 million full-year target, the Department of Tourism (DoT) reported on Monday.
EO imposes price cap on 133 medicines
PRESIDENT Rodrigo R. Duterte on Monday signed the executive order (EO) placing cap on the retail prices of 133 medicines, including those for hypertension, diabetes, cardiovascular disease and some types of cancer.