Government dismantling REIT hurdles
GOVERNMENT MOVES to dismantle the two roadblocks to the establishment of real estate investment trusts (REIT) may finally kick-start their formation.
Traffic crisis bill bags final House OK
THE HOUSE of Representatives approved on third and final reading on Monday evening a measure designed to alleviate worsening traffic in three key urban centers in the country.
Asian central banks are in for a quieter year in 2019 — analyst
SINGAPORE -- For most of Asia’s central banks, things should be a whole lot less exciting next year -- and that’s a good thing.
Nov. factory reading best in 11 months
FACTORY ACTIVITY in the Philippines improved for the fourth straight month in November, marking the best performance in 11 months as production grew at the fastest clip in nearly two years amid slower inflation, according to the latest monthly survey IHS Markit conducted for Nikkei, Inc.
Gov’t rolls back fare of jeepneys
THE GOVERNMENT has approved a provisional rollback of fares for public utility jeepneys (PUJ) in Metro Manila, central and southern Luzon to P9 from P10, following the continuing decline in diesel pump prices.
Reports bare varying GDP growth views
THE ECONOMY could take a beating this year and in 2019 from the central bank’s recent successive interest rate hikes and continued elevated inflation, according to ING Bank NV Manila, while First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) see fourth-quarter gross domestic product (GDP) growth matching the January-March pace to clock the fastest clip in three quarters.
Analysts see slower Nov. inflation
INFLATION is widely expected to have slowed in November from a nine-year peak, as oil prices plunged and as food supply improved, analysts said in a BusinessWorld poll, noting this could allow the central bank to pause its policy tightening when it meets for the last time this year on Dec. 13.
DoF presses for easing bank secrecy
THE DEPARTMENT of Finance (DoF) is pressing Congress to reinsert in a proposed tax amnesty bill a provision that authorizes the government to look into bank accounts and exchange tax information with foreign counterparts.
ECoP President Donald Dee passes away, 72
BUSINESS LEADER Donald G. Dee, president of the Employers Confederation of the Philippines (ECoP) as well as honorary chairman and chief operating officer of the Philippine Chamber of Commerce and Industry (PCCI), died on Saturday at the age of 72, according to notices both chambers posted on their social media sites.
US, China agree to trade war ceasefire
BUENOS AIRES -- China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between US President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1.
AEV chairman Jon Ramon Aboitiz passes away
Aboitiz Equity Ventures, Inc. (AEV) Chairman Jon Ramon M. Aboitiz passed away on Friday, Nov. 30. He was 70, according to a company representative.
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DBCC: Oil tax hike should proceed
STATE economic managers will recommend to Malacañang next week that the government proceed with a P2 per liter fuel excise tax hike scheduled in January, reversing their initial recommendation that was approved by President Rodrigo R. Duterte just earlier this month, the Finance chief announced on Thursday.