Work on new mining taxes begins
By Melissa Luz T. Lopez
Senior Reporter
THE GOVERNMENT is moving closer to lifting the ban on new mining projects as the interagency Mining Industry Coordinating...
Capital markets pause for breath as rate hike fears upset stock prices
By Krista Angela M. Montealegre
National Correspondent
COMPANIES seeking to tap the stock market for funding may stay on the sidelines until the dust from the...
BIR collection up 15% in Jan. from sugar tax boost
COLLECTIONS of the Bureau of Internal Revenue (BIR) surged in January on the back of tax reform, the agency’s chief said noting that additional...
Pressure mounts on Fed after budget deal
WASHINGTON -- The Federal Reserve will face growing pressure to accelerate its planned interest-rate increases after a nearly $300-billion spending package signed into law...
PHL posts largest annual trade deficit in 2017; factory output slumps
By Christine Joyce S. Castañeda and Jochebed B. Gonzales,
Senior Researchers
THE Philippines’ trade deficit hit a new record high in December as exports contracted for...
Meralco to implement P1.08 per kwh rate hike in 2 tranches
MANILA Electric Co. (Meralco) will implement its P1.08 per kilowatt-hour (kWh) rate hike for the February billing in two tranches.
In a statement on Friday,...
Central bank likely to raise policy rates in March
By Melissa Luz T. Lopez, Senior Reporter
THERE is little room for the Bangko Sentral ng Pilipinas (BSP) to keep interest rates steady as inflation...
Trade deficit widens in December
Trade deficit continued to widen in December, bringing the gap to another record high as exports contract for the first time in more than...
Manufacturing declines 9.7% in December
Factory production saw its fourth straight month of contraction last December, data from the Philippine Statistics Authority (PSA) showed.
In its latest Monthly Integrated Survey...
Exports contract in December
Merchandise export sales contracted in December due to declines posted by four out of the top ten commodities for the month, the government reported...
Rates steady even as inflation view rises
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) kept benchmark borrowing rates steady on Thursday despite expectations that inflation will surge...
Bangladesh central bank, RCBC gird for legal fight
DHAKA/MANILA -- Bangladesh’s central bank and Rizal Commercial Banking Corp. (RCBC) late on Wednesday said they were prepared to do legal battle over their...
