Aug. fall caps year-to-date FDI growth
NET foreign direct investments (FDI) slipped to a five-month low in August as all components bared smaller inflows, the central bank reported on Monday.
New mine revenue sharing bags final House OK, tax amnesty hurdles committee
THE HOUSE of Representatives approved three more tax reforms on separate levels as lawmakers resumed their regular session on Monday.
Rate hike pause or 25-basis-point rise a ‘possibility’ — BSP official
THERE IS ROOM for the Bangko Sentral ng Pilipinas (BSP) to pause on policy tightening with inflationary pressure showing signs of waning, said one senior central bank official who nevertheless said the economy appears capable of absorbing higher interest rates.
MIT study counts PHL among those primed for 5G
WITH THE EXPECTED rollout of fifth-generation wireless (5G) networks as early as next year, senior executives in the Philippines surveyed by MIT Technology Review said they expect the technology to boost several industries in the country, led by financial services, manufacturing and retail sectors.
Analysts divided on next rate move
THE CENTRAL BANK could still raise interest rates on Thursday, according to half of analysts asked by BusinessWorld last week, although others expect monetary authorities to hold fire as policy tightening so far may have helped arrest inflation’s momentum but at the same time dampened economic growth.
Tax bureau moves to make refunds easier in ‘simple cases’
THE BUREAU of Internal Revenue (BIR) has simplified verification of tax refund claims for “simple cases” that do not require in-depth investigation.
2019 budget, rice tariff bill top Congress priorities
THE GOVERNMENT’s proposed P3.757-trillion national budget for 2019 and a bill that will slash rice retail prices will be in the homestretch for approval by Congress, which resumes session today, according to lawmakers in separate interviews late last week.
Fitch cuts Philippine growth forecast
FITCH Solutions has downgraded its growth forecast for the Philippines anew, noting that the economy is unlikely to bounce back to a faster pace due to tighter credit conditions and waning investor appetite.
2 groups submit bids for Clark airport O&M
AIRPORT operators from Singapore and Indonesia have teamed up with local companies to submit on Friday competing bids for the Clark International Airport operations and maintenance (O&M) contract.
Banks required to form task force on payment systems
By Melissa Luz T. Lopez, Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) has required banks and players to set up a task force to...
Third-quarter GDP growth disappoints
THE PHILIPPINE ECONOMY grew at its slowest pace in three years last quarter, weighed down by tempered household spending amid high inflation and farm contraction, the Philippine Statistics Authority (PSA) said on Thursday.
Fitch flags constraints to telco competition
THE IMPENDING ADDITION to the Philippines’ list of major telecommunications service providers notwithstanding, the new entrant faces systemic constraints to full-blown competition, Fitch Ratings said in a Nov. 7 note e-mailed to journalists on Thursday.