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.
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.
The selection committee of the National Telecommunications Commission (NTC) has denied the motions for reconsideration filed by Sear Telecommunications and Philippine Telephone and Telegraph Corporation (PT&T) on the disqualifications of their bids for the new telco player slot.
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.
The Joint Foreign Chambers of the Philippines (JFC) welcomed the promulgation of the 11th Foreign Investment Negative List (FINL) through Executive Order 65, but urged Congress to pass at least four reform measures to ease foreign ownership restrictions in the country.
Manila – Google deepened its investment in the Philippines with the opening of another office in Metro Manila. Google Philippines Country Manager Ken Lingan cited this move as part of Google’s continued commitment in supporting the growth of the Philippine’s digital economy.
During the 2019 economic outlook jointly hosted by Maybank Philippines Inc. and Maybank ATR Kim Eng in Makati City Tuesday, Dr. Chua Hak Bin, Maybank Global Thematic, Macro Economist, said the country’s rising deficit on trade and current account are risks for the economy.
Inflation in October held steady at 6.7 percent, unchanged from the previous month’s level, leading the Bangko Sentral ng Pilipinas (BSP) to state that it may have finally peaked, as the reading is further reinforced by a deceleration in heavily-weighted food items.