MANILA, Philippines — Prices of basic goods and services rose at a faster rate in November, ending five straight months of a slowdown, fuelled by the sharp growth in the prices of alcoholic drinks and tobacco as well as oil and electricity, the Philippine Statistics Authority (PSA) said in a report yesterday. Headline inflation rose […]
Read MoreMANILA, Philippines — The Philippines is aiming to be among the top 10 exporters of garments in the world by 2026 to 2029 under the newly rolled out industry roadmap to revive the textile and garment industry. Speaking at the roadmap’s launch at the Philippine Garment, Leather Industries and Textile Expo held yesterday, Myrna Austria, […]
Read MoreMANILA, Philippines — Share prices continued to slide yesterday as higher-than-expected inflation results as well as the on-going US-China trade talks pulled down the market. The benchmark Philippine Stock Exchange Index(PSEi) dropped by 0.32 percent or 25.02 points to 7,790.91, while the broader all shares index closed 0.36 percent or 17.18 points lower to 4,640.63. […]
Read MoreMANILA, Philippines — Foreign investment pledges jumped four-fold to P182.4 billion in the third quarter of the year, driven by commitments in the information and communications technology (ICT) industry, the Philippine Statistics Authority (PSA) reported yesterday. Commitments cleared by the country’s seven investment promotion agencies (IPAs) increased from P42.6 billion in the third quarter of […]
Read MoreMANILA, Philippines — Foreign businessmen in the country are against a plan to impose additional taxes on the mining industry, saying this would be counterproductive to government’s aim of increasing its revenue take from the sector. The Joint Foreign Chambers (JFC) of the Philippines said in a position paper on the additional taxes to be […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is waiting for Malacanang’s executive order (EO) to determine the impact of President Duterte’s ban on the importation and use of vapes and electronic cigarettes in public places. In a press briefing, Finance Undersecretary Karl Kendrick Chua said the EO will set the scope of Duterte’s new […]
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