Economy to grow faster in Q4

December 04, 2018
“Infrastructure and capital outlays and capital goods imports remained elevated and should drive faster growth in fourth quarter and beyond, with some support from improving exports,” investment bank First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific (UA&P) said Monday in the latest issue of The Market Call.

Foreign policy shift made PH more alluring to lenders

November 23, 2018
In a briefing after the 6th Philippine-Japan High Level Joint Committee on Infrastructure Development and Economic Cooperation meeting at the Philippine International Convention Center (PICC) Wednesday night, Finance Secretary Carlos Dominguez III said, “many countries around the world are paying attention to the Philippines primarily because President (Rodrigo) Duterte has refocused our entire foreign policy.”

Mislatel confirmed as 3rd telco

November 20, 2018
Furthermore, the consortium was given ninety days to submit related documents including: congressional approval of its franchise; registration from the Securities and Exchange Commission; approval of the Philippine Competition Commission of its bidding agreement implementation; posting of the performance security bond and its rollout plan for the entire commitment period for the processing of its Certificate of Public Convenience and Necessity (CPCN) by the NTC.

Taxation fix on financial, capital markets

November 15, 2018
A ranking official of the Department of Finance (DOF) stressed that Package 4 of the proposed tax reform program is primarily intended to fix taxation on the financial and capital markets, and funding the government's “Build, Build, Build” program is only a secondary consideration.

House keen on passing tax reform Package 4

November 15, 2018
Speaker Gloria Macapagal-Arroyo on Tuesday said the House of Representatives intends to pass the fourth comprehensive tax reform program (CTRP), which is a measure on reforms of financial taxes, under the Duterte administration.

Auto makers’ sales up in Oct.

November 14, 2018
The combined number of vehicles sold by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) in October has notably improved relative to sales the previous month, a joint report released Tuesday revealed.

Angara to push ITBPO perks despite reforms

November 13, 2018
Senator Juan Edgardo Angara assured the information technology and business process outsourcing (ITBPO) industry that the upper chamber will fight for the retention of tax perks in support of the sector's growth, amid the administration's efforts towards the rationalization of fiscal incentives.

Growth-sustaining measures pushed

November 12, 2018
The passage of still pending tax reform measures, addressing supply-related issues in agriculture and opening imports of agriculture inputs for manufacturing, are seen to sustain the robust growth of the Philippine economy.

Build, Build, Build to sustain growth in 2019

November 11, 2018
Global information firm IHS Markit remains optimistic about the Philippine economy's direction for the remainder of the year but expects stronger growth in 2019 with the Duterte administration’s “Build, Build, Build” program as main driver.

Philippines economy still among Asia’s fastest

November 09, 2018
The Philippines remained one of the fastest growing economies in Asia even after posting slightly slower growth at 6.1 percent in the third quarter, due to weaker agriculture output and ‘temporary’ decline in household spending over an inflation surge.