Landbank can still perform dual role

July 24, 2019
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.

Key economic targets revised

July 23, 2019
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.

Best tax perks package to boost investment

July 15, 2019
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. .

Economic rebound seen to clock 6%-6.5%

July 09, 2019
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.

Diokno eyes 6% Q2 GDP growth

July 05, 2019
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.

Below 2% inflation seen in Q3

July 04, 2019
“Just be patient. We'll get there eventually,” he said, pointing out that they continue to assess the impact of their previous cut on key policy rates as well as on banks’ reserve requirement ratio.

Unrestrained sugar imports worry millers

July 04, 2019
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.

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.