State-owned Land Bank of the Philippines has the financial capacity to extend funding to farmers, as President Duterte has directed, without sacrificing its plan to have majority stake in Philippine Dealing System Holdings Corp.
Economic managers had tweaked some of government's economic targets such as the inflation assumption this year, which was slashed to 2.7-3.5 percent from three to four percent earlier on sustained deceleration of rate of price increases.
Congress is expected to pass the second package of the Duterte administration’s tax reform agenda, the Tax Reform for Attracting Better and High Quality Opportunities (Hous Bill 313), this time focused on turning the country into a globally competitive investment hub, with the best investment package legislation. .
The FTC announced last year it reopened its investigation into a 2011 privacy settlement with Facebook after revelations that personal data on tens of millions of users was hijacked by the political consultancy Cambridge Analytica, which was working on the Donald Trump campaign in 2016.
The DoF chief explained that following the announcement of the fuel marking program's implementation “we noted a steady increase in collections among the ports where petroleum products are regularly imported”.
The investment banking arm of the Metrobank Group expects the country’s economy to rebound in the second half of this year and grow by six percent to 6.5 percent by yearend on the back of healthy government spending and easing inflation.
Bangko Sentral Gov. Benjamin E. Diokno is optimistic of at least a six percent growth in the domestic economy in the second quarter of 2019, on the back of stronger public spending and more robust consumption.
Barrera noted that PSMA has invested billions of pesos over the years in improving their production systems and have supported the communities and people where their mills are located. The industry has also been encouraged by government through legislation like the Biofuels, Renewable Energy and the Sugar Industry Development Acts.
Finance Secretary Carlos Dominguez III has directed the Privatization Management Office (PMO) and the Philippine Deposit Insurance Corp. (PDIC) to discuss with state-run banks and the Commission on Audit (COA) ways to relax stringent auditing rules that have long hobbled government efforts to dispose of its idle assets, the Department of Finance (DOF) said in a statement on Tuesday.
After the Kapa-Community Ministry International Inc. (KAPA) incident, the Securities and Exchange Commission (SEC) has intensified its crackdown against more groups allegedly employing a Ponzi scheme, or an investment program where investors are lured with impossibly high returns and paid out of the capital contributed by later investors.
A respected economist has projected an improvement in the Philippines’ net foreign direct investment due to a confluence of factors, including advancements in the country’s investment grade, decline in interest rates, and possible trade deal between the US and China.
In his speech during the joint membership meeting of several business organizations in Taguig City on Friday, Dominguez noted the passage of several tax reform bills in the first three years of the current administration has funded many key projects.
Monetary officials called the marginal rise in the country's inflation rate as "temporary" and does not indicate a turn-around from its downward trajectory in the last six months. This, after the Philippines posted a 3.2 percent inflation rate last month, marginally higher than the 3 percent in April.