ASEAN, China seal upgraded free trade deal
KUALA LUMPUR — The Association of Southeast Asian Nations (ASEAN) and China on Tuesday signed an upgraded free trade pact that seeks to deepen...
Q1 agriculture, service growth revised lower
FIRST-QUARTER economic expansion was maintained at 5.6% even as the growth of services as well as of agriculture and allied sectors in that period was less than initially reported, the Philippine Statistics Authority (PSA) said a day before it reports preliminary estimates for second-quarter gross domestic product performance.
Believing in and living your brand
MIGUEL GARCIA has always aspired to create his own brand.
Investors await Marcos Cabinet picks
ALL EYES are now on Ferdinand R. Marcos, Jr.’s Cabinet picks, particularly his economic team, after the former senator appeared to secure a landslide victory in Monday’s presidential election.
Excise tax collections from cigarettes reach P83 billion
EXCISE TAX collections from cigarettes jumped by 31% to P83 billion in the first seven months, with more than half coming from Philip Morris Fortune Tobacco Co., Inc. (PMFTC), the Department of Finance (DoF) said on Monday.
Gov’t mulls ban on online sale of cigarettes, liquor
THE government may ban online sales of cigarettes and alcoholic beverages if sellers are found to have sold these so-called “sin” products to minors.
PSE hikes capital-raising goal to P170B
THE Philippine Stock Exchange, Inc. (PSE) is increasing its capital-raising target this year to P170 billion from P120 billion and from P82.4 billion in actual capital raised last year, amid an easing trade war between the world’s two biggest economies that had fed fears of a global recession.
Villar still the richest among Philippines’ billionaires
REAL ESTATE tycoon and former politician Manuel B. Villar, Jr. is still the richest Filipino on Forbes’ 2022 World’s Billionaires List, after his net worth jumped by 15% to $8.3 billion (around P426.6 billion).
NEDA sets investment target of P20 trillion for priority programs
THE NATIONAL Economic and Development Authority (NEDA) is targeting to get about P20 trillion in investments for its Public Investment Program (PIP).
“The PIP has...
AI seen to help nations build inclusive future
ARTIFICIAL INTELLIGENCE (AI) holds a lot of promise in helping nations build an inclusive future where technology is harnessed in a way that empowers...
Philippines gets $2.8B in new SDRs from IMF
THE PHILIPPINES will receive $2.8-billion worth of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), as part of the latter’s efforts to help countries recover from the coronavirus pandemic.
World Bank sees gradual Philippine recovery in 2026, 2027
THE WORLD BANK (WB) sees a gradual recovery for the Philippines in 2026 and 2027, after growth slowed this year due to weaker investment...