PHL returns to ‘samurai’ bond market
THE PHILIPPINES has launched an offer of yen-denominated “samurai” bonds from which it plans to raise about $750 million, National Treasurer Rosalia V. De Leon told reporters on Tuesday.
Business groups pitch reform bills to 18th Congress
MEASURES that will further liberalize the economy to attract more foreign capital and make it easier to do business in the country made up a list of 28 proposed laws which 14 local and foreign groups have pitched to the 18th Congress.
Senate, Finance department move to expedite tax reform legislation
THE SENATE Ways and Means committee will conduct parallel tax reform hearings with the House of Representatives, while the Department of Finance (DoF) has begun meeting with both chambers, in order to ensure prompt approval of the bills.
Indonesia considering diaspora bond sale in bid to widen funding
JAKARTA -- Indonesia is planning to sell bonds to its citizens living overseas as Southeast Asia’s largest economy seeks to expand its funding pool and reduce the dependence on foreign fund inflows for financing a budget deficit.
Take two for security of tenure measure
THE LABOR department and the Senate have taken steps to revive a proposal that would tighten controls on labor contracting, a few days after President Rodrigo R. Duterte struck down a similar measure just before it would have lapsed into law last Saturday for unduly burdening business.
Pacific Online, Berjaya share prices succumb to lotto uncertainty
SHARES of listed companies with equipment lease deals with the Philippine Charity Sweepstakes Office (PCSO) plunged on Monday, following President Rodrigo R. Duterte’s order on Friday last week to suspend all PCSO-sanctioned gaming operations due to “massive corruption” involved.
DoF assures no major health care impact from PCSO games’ suspension
INDEFINITE SUSPENSION of Philippine Charity Sweepstakes Office (PCSO)-sanctioned gaming will have minimal impact on universal health care (UHC) funding, since lottery proceeds are estimated to contribute just P3 billion or 1.2% to the P257 billion needed for UHC implementation next year, a senior official of the Department of Finance (DoF) said.
Inflation impact on poor eases in June
JUNE inflation, as experienced by low-income families, softened to its slowest pace in 18 months, according to the Philippine Statistics Authority.
LTFRB sets formula for fare adjustments
THE public land transport regulator has set a formula for changes in jeepney, bus, taxi and UV Express fares that takes into account fuel pump price movements, in order to remove the need for operators to seek regulatory approval for each adjustment.
Finance dep’t checks effect of lotto stoppage on funding of universal health care
THE FINANCE DEPARTMENT (DoF) is now assessing the impact on implementation of Republic Act (RA) No. 11223, or the Universal Health Care (UHC) Act, of the closure order which President Rodrigo R. Duterte issued Friday night on all Philippine Charity Sweepstakes Office (PCSO)-sanctioned lottery operations, senior officials of the department said last weekend.
Global economic growth rut at risk of deepening despite rate cuts — poll
BENGALURU -- A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.
Duterte strikes down stricter labor contracting rules
PRESIDENT Rodrigo R. Duterte (PRRD) has vetoed Senate Bill No. 1826/House Bill No. 6908 or the security of tenure (SoT) measure that would have laid down stricter rules on labor contracting, after top state economic managers and major business groups warned of potential economic repercussions.