DMCI Homes Assistant Vice President for Project Development Dennis Yap said the Metro Manila Subway project, which broke ground late February, creates more opportunities for the property sector since it makes neighboring areas more attractive for residential ventures.
In its report to Finance Secretary Carlos Dominguez III, the DOF’s Corporate Affairs Group (CAG) said the dividend remittance by the BSP is in compliance with Republic Act 11211 or the law amending RA 7653, otherwise known as the New Central Bank Act.
“Inflation is a necessary evil. Ang mahalaga ay kailangan ito bantayan na di ito gaano makaapekto sa kinikita ng ating mga kababayan (What is important is that we must monitor and ensure that this will not substantially affect the incomes of our countrymen),” Cua said.
A 6 percent level growth can still be achieved by the Philippine economy this year despite the anticipated impact of the budget impasse in Congress, an official of Security Bank Corporation (Security Bank) said.
Economists foresee a continued reduction in the Bangko Sentral ng Pilipinas’ (BSP) key rates as well as the reserve requirements for banks due to a sustained deceleration in the country's inflation rate.
The Department of Trade and Industry (DTI) together with the Philippine Trade and Investment Center (PTIC) in Tokyo organized a business forum on March 12, 2019 with high level representatives of select Japanese companies to discuss expansion intentions as well as ongoing economic reforms in the Philippines (PH). DTI Secretary Ramon Lopez led the discussion and highlighted PH’s top trade products, investment performance, and industry growth drivers.
PARIS (AFP) - Apple dismissed Friday Spotify's accusations of anti-competitive behaviour, saying the Swedish music streaming giant was trying to enjoy the benefits of its online market without paying the cost of its upkeep.
"Today's unanimous jury verdict is the latest victory in our worldwide patent litigation directed at holding Apple accountable for using our valuable technologies without paying for them," Qualcomm general counsel Don Rosenberg said in a release announcing the verdict.
The Financial Stability Coordination Council (FSCC), in its quarterly meeting, welcomed its new chairman, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, who replaced the late BSP Governor and FSCC Chairman Nestor A. Espenilla Jr., who passed away last month.
A proposal by Senator Emmanuel Pacquiao to increase the excise tax on alcohol products will raise additional revenues of almost PHP237 billion over a five-year period and at the same time help reduce excessive consumption of alcoholic drinks or binge drinking that is linked to vehicular crash accidents, domestic abuse and other crimes.
An easing of inflationary pressures, especially on food following the recent signing of the law that modernizes the rice industry in the country, bodes well for overall manufacturing growth, the National Economic and Development Authority said as manufacturing output figures for January 2019 were released.