MANILA, Philippines – Despite external economic challenges, the Philippines continues to see strong inflow of foreign direct investments (FDI), driven by the recovery in the manufacturing sector and the sustained growth in the services sector, according to the Bangko Sentral ng Pilipinas (BSP). “Manufacturing for instance is picking up again in addition to the usual […]
Read MoreIndonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks. The Jakarta Composite Index closed 0.1% lower following last week’s record-setting spree with consumer and energy stocks leading the decline. “I think […]
Read MoreMANILA, Philippines – The number of unemployed Filipinos swelled in January after typhoons during the tailend of 2016 caused many farm workers to lose jobs, the National Economic and Development Authority (NEDA) said yesterday. The January 2017 Labor Force Survey of the Philippine Statistics Authority (PSA) showed the nationwide unemployment rate rose to 6.6 percent […]
Read MoreThe Department of Finance (DoF) said various organizations are backing the “long-overdue” reforms in personal income tax (PIT) rates and other measures under the proposed Comprehensive Tax Reform Program. The tax reform package, as contained in House Bill (HB) 4774, aims to lower PIT rates from 32 percent to 25 percent, except for the ultra-rich, […]
Read MoreMANILA, Philippines – The government and the private sector will revisit the country’s export growth target following the strong outcome of merchandise exports in January. Department of Trade and Industry Export Marketing Bureau director Senen Perlada said the public-private Export Development Council (EDC) is likely to elevate this year’s total export growth target to as […]
Read MoreMANILA (Xinhua) – Philippine trade grew 14.2 per cent in January this year buoyed by export receipts, the government said on Friday, while warning that US protectionist policies may hamper its momentum and global recovery. The National Economic and Development Authority said in a statement that the Philippines recorded a total 12.6 billion US dollars […]
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