New Customs chief revamps collectors
THE NEWLY seated Customs chief has yanked eight district collectors from their posts and reassigned 30 section chiefs in Manila to the provinces in...
China’s slowdown seen to impact PHL trade
AN ECONOMIC SLOWDOWN in China could dampen trade inputs to Philippine manufacturing, prompting the need to further diversify the country’s trade partners, economists said.
Infrastructure, other outlays top target
By Elijah Joseph C. Tubayan
Reporter
STATE infrastructure and other capital disbursements continued their year-on-year surge in March on the back of roadworks as well as...
Consumer spending to boost PHL growth
HOUSEHOLD SPENDING in the Philippines is likely to grow by 5.9% yearly in the next four years, Fitch Solutions BMI said on Wednesday, putting...
Banks get more time for detailed real estate reports
THE BANGKO SENTRAL ng Pilipinas (BSP) has pushed back the implementation of tighter standards for banks in reporting real estate loans and project financing agreements.
Gov’t eyes insurance firms’ investments for infrastructure
THE MARCOS administration is eyeing investments from public and private insurance companies to support its ambitious infrastructure program amid a fiscal crunch, the country’s finance chief said.
PHL braces for impact of Red Sea crisis on goods
THE ONGOING CRISIS in the Red Sea is disrupting the movement of goods, which is resulting in delays in shipments and higher costs for Philippine businesses.
Diesel, kerosene prices rise for 11th straight week
FUEL RETAILERS are implementing hefty pump price hikes today (Sept. 19), extending the streak of increases in diesel and kerosene to 11 straight weeks and gasoline for a 10th week in a row.
Second-quarter GDP revised upward to 7.5%
THE PHILIPPINE ECONOMY grew slightly faster than initially reported in the second quarter, the Philippine Statistics Authority (PSA) said on Wednesday.
BIR goes after firms issuing fake receipts
THE BUREAU of Internal Revenue (BIR) on Thursday filed criminal complaints before the Department of Justice (DoJ) against four suspected “ghost” corporations allegedly behind...
UA&P sees GDP growth picking up next year
THE PHILIPPINE ECONOMY could grow faster in 2019 on the back of strong investments and spending related to the midterm elections, while slower inflation should help prod household consumption.
Maharlika says focus is on long-term investments amid calls to help stem stock rout
THE MAHARLIKA Investment Corp.’s (MIC) focus remains on long-term investments, its chief said amid calls for its help to stabilize the Philippine stock market,...