Quick sale of idle gov’t assets pushed

June 26, 2019
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.

Investments under P50K can offer good return

June 26, 2019
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.

Economist sees higher net FDIs

June 12, 2019
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.

More tax reforms needed––Dominguez

June 09, 2019
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 chiefs pooh-pooh price uptick

June 06, 2019
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.

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.