No letup in anti-inflation drive

January 07, 2019
The government’s economic managers on Friday vowed to continue working towards further reining in the prices of commodities, even as the country’s inflation rate has already declined to a seven-month low of 5.1 percent in December.

Department of Budget and Management assures budget for Q1

January 04, 2019
A US government-style shutdown is highly unlikely here, even while the Philippine government’s proposed 2019 national budget remains pending before Congress, with the Department of Budget and Management directing state agencies to obligate their first quarter funding requirements.

Offshore bond feat shows confidence in Duterte

January 03, 2019
Economic managers said the Philippines’ successful bond issuances in the offshore bond markets in 2018 underscored the strong confidence of the international business community in the country’s growth narrative under President Rodrigo Duterte's watch.

Biz groups bullish as year ends on stable note

January 02, 2019
International Chamber of Commerce Philippines (ICCP) founder and chairman Francis Chua said the economy faced headwinds in the early part of the year such as the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, rising world oil prices, inflation, and interest rates, and challenges in the tourism and agriculture sectors, among others.

Residential real estate prices up 4.4% in Q3

January 02, 2019
Residential real estate prices were higher by 4.4 percent year-on-year in Q3 2018 as the Residential Real Estate Price Index (RREPI) increased to 116.5 from 111.6 for the same quarter a year ago, the Bangko Sentral ng Pilipinas (BSP) revealed in a statement over the weekend.

Asian markets meek after global turbulence

December 29, 2018
Investors moved cautiously across other Asian markets Friday, with Hong Kong closing up 0.1 percent, after moving between positive and negative territory throughout the day. Shanghai added 0.4 percent, in a modest end to its last trading day of the year.

San Miguel Corporation envisions Bulacan as seafood capital

December 29, 2018
Following government’s recent approval of the proposed New Manila International Airport project in Bulacan, San Miguel Corporation president Ramon S. Ang bared plans to protect and revive some 12,000 hectares of Bulacan coastline--as part of the P754 billion development of the airport.

Department of Energy ready for oil excise tax hike 2

December 28, 2018
“The DOE, in coordination with the Bureau of Customs and Bureau of Internal Revenue, is ready to implement the second tranche of excise taxes by January 1. Government devised a mechanism to closely monitor the inventories,” the DOE said in a statement on Thursday.