MANILA, Philippines — Trading volume at the stock market is expected to be light because of the holiday break, analysts said. “The choices are set – a growl from a bear, bellow from a bull, or stillness before a hawk makes its screech. Immediate support is at 7,350 to 7,400 level, resistance may settle at […]
Read MoreMANILA, Philippines — Investments approved by the Board of Investments (BOI) hit a new all-time high this year, exceeding the agency’s P680-billion target. Final figures from the BOI showed the agency approved P907.2 billion worth of investments for this year, 47 percent higher than the previous record high of P617 billion in 2017. “We hit […]
Read MoreMANILA, Philippines — Investment is expected to post a sluggish growth next year as the Philippine government is forced to operate on a re-enacted budget in early 2019 after lawmakers failed to pass a new outlay, the World Bank said Friday. “Investment growth, however, maybe be tempered in the first half of 2019 due to the possible re-enactment […]
Read MoreMANILA, Philippines — Fitch Ratings yesterday cautioned the Philippines about overheating risks, including strong credit growth and wider current account shortfall, as it reaffirmed the country’s investment grade credit rating. The debt watcher said the country’s growth prospects remain favorable with the gross domestic product (GDP) expected to expand by 6.6 percent for 2019 and 2020, prompting it to […]
Read MoreMANILA, Philippines — The government has introduced four reforms to ensure the faster processing of value-added tax (VAT) refunds of exporters and other qualified entrepreneurs, according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said the government has established an Enhanced VAT Refund System under the Tax Reform for Acceleration and Inclusion […]
Read MoreMANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) will tighten rules on fairness evaluation in a bid to address complaints from shareholders who are unhappy with the valuation of their shares when there is a tender offer. PSE president and CEO Ramon Monzon said the PSE has proposed to select the fairness opinion evaluators […]
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