Exporters want BIR to repeal new VAT rule
EXPORTERS and foreign chambers are calling for the repeal of the Bureau of Internal Revenue’s (BIR) tax refund scheme for raw materials shipped outside the country, which they said would cost Philippine jobs.
Philippines’ supply-side inflation needs no monetary response — NEDA
Inflation in the Philippines is driven by supply-side factors, and does not warrant a monetary policy response, National Economic and Development Authority (NEDA) Secretary...
High inflation to dampen growth outlook — NEDA
INFLATION could threaten the Philippines’ growth outlook this year and in 2024, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
“In the...
Poll bares mixed GDP, inflation outlooks
GROSS DOMESTIC PRODUCT growth likely picked up a bit last quarter compared to the three months to June despite faster inflation, which could have sustained its pace in October, according to a poll of 15 analysts which BusinessWorld conducted late last week.
PSE requires independent valuation reports on tender offers of firms planning to delist
THE PHILIPPINE Stock Exchange, Inc. (PSE) is requiring companies that are planning to delist to provide independent valuation reports and fairness opinions on their tender offer, in an effort to protect small investors.
Election spending ban poses fiscal risk
A state spending ban before the 2022 Philippine elections is expected to disrupt government infrastructure projects and delay reforms, according to an inter-agency body...
BoP deficit persists as of August
THE COUNTRY’s balance of payments (BoP) position swung to a surplus in August as the Philippines raised funds from the sale of yen-denominated bonds, but the eight-month tally remained in deficit.
Q3 GDP expected to ride spending lift
OVERALL economic growth this quarter can be expected to bear a boost from bigger spending -- especially by the government -- when official data are reported on Nov. 7, a senior Finance official and private sector economists said earlier this week.
Some ride-hailing, delivery firms won’t raise rates for now
AS FUEL PRICES continued to climb this week, at least two ride-hailing and delivery service providers said they currently do not have plans to increase their rates.
Business groups press Congress to pass key economic reform bills
LOCAL BUSINESS GROUPS and foreign chambers once again pressed the outgoing 18th Congress to pass the last set of economic reform bills in its remaining session days.
PHL secures $400-million ADB loan to reduce youth unemployment
THE ASIAN Development Bank (ADB) approved a $400-million (P20.14-billion) loan to expand a Philippine government program aimed at helping unemployed youth find quality jobs.
PHL raises $1.26 billion from retail dollar bonds
THE PHILIPPINE government raised $1.26 billion from the first retail dollar bond (RDB) offering under the Marcos administration, the Department of Finance (DoF) said....