MANILA, Philippines — The Department of Finance (DOF) expects Congress to pass before the end of the year a bill which would increase taxes on alcohol and electronic cigarette products, now that President Duterte has certified the bill as urgent. In an interview, Finance Secretary Carlos Dominguez said he has asked lawmakers to swiftly pass […]
Read MoreMANILA, Philippines — Net inflow of foreign direct investments (FDIs) slowed down for the sixth consecutive month in August as uncertainties in the global market continued to dampen investor sentiment, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. According to the latest data from the central bank, FDIs in August posted a net inflow of […]
Read MoreMANILA, Philippines — Chicken prices can be expected to rise leading up to the holiday season as pork consumption remain selective amid an outbreak of African swine fever (ASF), the head of the Philippine Statistics Authority (PSA) said. Pork aversion due to the ASF outbreak has caused prices of pork in the National Capital Region (NCR) […]
Read MoreThe Philippines has the slowest real wage growth among the major countries in ASEAN. One reason for this is that in other countries and World Bank economists, real wage growth translates to increase in purchasing power and a more equitable and prosperous economy. Here in the Philippines many economists and businessmen believe that the route […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) can be expected to resume cuts in policy rates in 2020 after declaring last week the end of monetary easing for this year, said London-based Capital Economics over the weekend. In a research brief, the macroeconomy research firm said the economy would still need support as […]
Read MoreThe idea of a Philippine-US FTA has been mooted since the termination of the Philippines’ preferential trade status in the US as part of the transitional arrangements from colonial rule to full independence. Those discussions never gained traction, partly because the Philippines has taken a cautious approach to a free trade deal and has never […]
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