SINGAPORE – A 22-member delegation from Singapore is headed to the Philippines on Tuesday (August 1), as interest grows amongst Singapore companies in one of Asia’s most promising economies. The Singapore Business Federation has teamed up with International Enterprise (IE) Singapore and the Philippine Trade and Investment Centre to organise the business mission from Aug […]
Read MoreMANILA, Philippines – Inflation likely eased in July due to stable food prices and lower electricity rates, the Department of Finance (DOF) said yesterday. DOF Undersecretary and chief economist Gil Beltran said the inflation rate may have slightly dropped to 2.7 percent in July from 2.8 percent in June. This was, however, up from the […]
Read MoreExpenditure allowed to surge 50.4% on-yr to P332.36B – DoF The Philippine government’s budget programmed for July is expected to end at a deficit of P147.73 billion, swelling from June and more than doubling the year-earlier shortfall, with expenditures set to far exceed revenues, the Department of Finance (DoF) said in a report on Monday. […]
Read MoreMANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]
Read MoreMANILA, Philippines – The lifting of the value-added tax exemptions on low-cost housing as proposed by the tax reform bill would exacerbate the growing backlog for houses, property stakeholders said. Colliers International research manager Joey Roi Bondoc told The Star the removal of the VAT exemption on the sale of low-cost housing would make owning a house more […]
Read MoreMANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]
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