WTO credibility, survival at risk from trade war
GENEVA -- The credibility and survival of the World Trade Organization (WTO) is under “serious threat” as major economies put up protectionist barriers, independent experts warned on Tuesday.
NEDA seeks continuity in infrastructure development
THE GOVERNMENT is taking steps to persuade the succeeding administration to carry on stepped-up infrastructure development, even as a looming shift in form of government adds to uncertainties now hounding the economy, the state socioeconomic planner said on Monday.
BSP says in ‘firm’ control as prices spike
The BANGKO SENTRAL ng Pilipinas (BSP) continues to have a firm hand on inflation, its chief said amid mounting calls for a more aggressive rate hike next month.
OECD finds Philippines ‘largely compliant’ with standards vs tax fraud
THE PHILIPPINES is “largely compliant” with international frameworks against tax fraud, according to the latest review of the Organization for Economic Cooperation and Development (OECD), even as it cited areas of concern.
Regulators start monitoring crypto assets, though no major risk for now
LONDON -- Global regulators have published a framework for “vigilantly” monitoring risks from crypto assets like bitcoin and ether, even though they don’t pose a major risk to financial stability for now.
May remittances signal GDP boost
MONEY SENT HOME by Filipinos working abroad surged in May to the highest level in five months, the Bangko Sentral ng Pilipinas (BSP) reported Monday, signalling continued growth of household spending that contributes close to 60% to gross domestic product (GDP).
Gov’t eyes P40 billion from bonds for Marawi
THE GOVERNMENT is looking to raise about P40 billion through retail bonds sold in tranches to help finance the rehabilitation of Marawi City in the next five years, the Department of Finance (DoF) said in a press statement on Monday.
IMF team in town to validate Philippine economic outlook
OFFICIALS of the International Monetary Fund (IMF) are in town for an annual health check on the Philippine economy, at a time the multilateral lender sees uneven prospects for global growth amid trade tensions.
Southeast Asia’s economic growth could be trade war’s next casualty
FOR SOUTHEAST ASIA’S biggest economies, 2018 wasn’t supposed to be like this.
State spending to sustain GDP growth
THE Organization for Economic Cooperation and Development (OECD) sees Philippine economic growth sustaining its 2017 growth pace until next year on the back of government spending that will take up the slack from weaker private consumption and export growth.
DoF lines up more tax reforms
THE DEPARTMENT of Finance (DoF) plans to submit to Congress this month the tax reform packages on property valuation and passive income.
State economic managers cautious on federal system — Pernia
STATE economic managers are lukewarm to implementing federalism in the Philippines since many regions may be ill-prepared to stand on their own feet, the chief socioeconomic planner said.