BPO, traditional firms likely to lift office market after POGO exit
INFORMATION TECHNOLOGY and business process management companies as well as traditional offices are expected to pick up the slack as Philippine offshore gaming operators (POGOs) are set to vacate offices around the country, real estate consultants said.
Regulator cuts mobile call, SMS charge
THE NATIONAL TELECOMMUNICATIONS Commission (NTC) has cut the interconnection charge for short message service (SMS) and mobile calls with the goal of making them “more affordable to the general public.”
Gov’t to boost spending amid outbreak
THE government will boost spending this year including on infrastructure and social programs to shield the economy from the effects of the coronavirus disease 2019 (COVID-19) pandemic, softer global demand, and the Taal Volcano eruption at the start of the year, according to the Budget department.
Shares may slide further on bearish sentiment
PHILIPPINE STOCKS may continue to drop this week as bearish sentiment due to corruption concerns weighs on domestic financial markets.
On Friday, the benchmark Philippine...
BIR exempts imported diabetes drugs from VAT
THE Bureau of Internal Revenue (BIR) is exempting imports of prescription drugs to treat diabetes, high cholesterol and hypertension from value-added tax (VAT).
Southeast Asia-focused China fund raising up to $3 billion for Silk Road projects
HONG KONG -- A quasi-sovereign Chinese fund focused on Southeast Asia is targeting raising up to $3 billion in a new dollar fund, adding...
PHL slashes GDP growth outlook amid virus fight
THE GOVERNMENT slashed its growth target for this year and the next, as the renewed spike in coronavirus disease 2019 (COVID-19) cases and strict lockdown curbs hobble the economy’s recovery.
Trade uncertainty dampens PHL business sentiment
BUSINESS SENTIMENT in the Philippines turned less upbeat in the second quarter amid concerns over the impact of the Trump administration’s tariff policy on...
Philippine-US ties likely to steady as Trump ups ante on China
PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. might need to persuade US President-elect Donald J. Trump about the wisdom of continuing to deepen trade ties...
BoI says ‘green lane’ investments hit P2.3T
ABOUT P2.32 trillion worth of projects, mostly in renewable energy (RE), have been approved to go through the “green lane” system as of June 20, the Board of Investments (BoI) said on Wednesday.
Finance department prefers emissions trading scheme over carbon tax
THE DEPARTMENT of Finance (DoF) said it prefers the adoption of an intensity-based carbon emissions trading scheme (ETS) over an outright carbon tax, as the Philippines seeks to adopt a policy response to climate change.
Asia bites tongue on soft dollar as Washington rattles its saber on trade
SEOUL/TOKYO -- A year after US President Donald Trump took office, heightened rhetoric out of Washington about unfair trade has kept Asian policy makers...