P25.6-B, 78-ha GSIS Port Area property up for sale

June 05, 2019
“The reason why I pulled out initially our intention to sell it was because the valuation at that time was not current. Thankfully, the DoF came out with the current valuation. They came out with a new zonal valuation as of May 2019 and we intend to pursue from that angle,” he said.

Rating hike a strong push for TRABAHO bill

May 27, 2019
Finance Secretary Carlos Dominguez III has expressed the hope that Standard & Poor’s recent upgrade of the Philippines’ credit rating to ‘BBB+’ would convince lawmakers to pass the bill that aims to reform the corporate income tax system as well as the rest of the proposed Comprehensive Tax Reform Program packages, considering that congressional passage of the first law overhauling taxation was among the top factors cited by the debt watcher in assigning the country’s highest investment grade ever.

In Asia, Trump finds more than ever he’s among friends

Trump's trip comes on the heels of India's election in which Prime Minister Narendra Modi, a Hindu nationalist who has enthusiastically built ties with Washington, won an unexpectedly strong new mandate, as well as Australia's polls, where Prime Minister Scott Morrison stunned pundits by beating back a challenge from the Labor Party, whose promises included a "more considered" approach to China.

Cement over-importation stays despite tariff

May 22, 2019
Trade Secretary Ramon Lopez has ordered the imposition of a 4-percent provisional tariff amounting to PHP210 per metric ton or PHP8.40 per bag on imported cement, which the TC had validated as local cement manufacturers face serious injury following several "pure" importers' over-importation of sometimes substandard but cheaper cement since 2016.

Passage of tobacco tax hike bill pushed

May 21, 2019
Social Watch Philippines co-convener, Dr. Maria Victoria Raquiza, cited that a funding shortfall of PHP63 billion exists for the first year of UHC, noting that the benefits of the landmark reform may not come to fruition without a significant increase in tobacco taxes.

8-yr global bond float signals return to Euro market

May 15, 2019
The Republic of the Philippines successfully returned to the international capital markets with its offering of EUR750 million of 8-year Global Bonds. The bonds are expected to be rated Baa2 by Moody’s, BBB+ by Standard & Poor’s, and BBB by Fitch. The notes are expected to settle on May 17, 2019.

A-grade rating for PH seen in near term

May 14, 2019
An economist of a Philippine-based private universal bank forecasts an A-grade credit rating for the Philippines in the next two to three years due to sustained robust growth of the domestic economy, as well as the demographics dividends.

Jan.-April BoI investments hit P287B, up 46%

May 06, 2019
Trade Secretary and Board of Investments Chairman Ramon Lopez announced that cumulative approved investments recorded by the BOI from January to April 2019 hit Php286.7 billion, a 46.5 percent jump from the same period last year where it posted Php195.7 billion.

Budget enactment spells growth

April 22, 2019
Finance Secretary Carlos Dominguez III hailed the signing into law of the PHP3.7-trillion 2019 national budget, citing its importance towards attaining sustained growth of the Philippine economy.

Car sales recover in March

April 16, 2019
Sales of car manufacturers bounced back in March, recording a double-digit growth year-on-year, the Chamber of Automotive Manufacturers Association of the Philippines, Inc. reported on Monday.

Bullish home market seen

April 09, 2019
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.