MANILA, Philippines – Investment pledges approved by the Board of Investments (BOI) climbed by 10 percent in the first quarter on the back of slew of a new construction and manufacturing projects in the country. The value of the investment commitments reached P67.97 billion from January to March, up 10 percent from P61.94 billion in […]
Read MoreMANILA, Philippines – The government is looking at implementing its tax amnesty scheme through an executive order from the President, Department of Finance (DOF) chief Carlos Dominguez said. “We’ll see if we can do it with an EO,” Dominguez said on the sidelines of a joint press briefing of ASEAN finance ministers and central bank […]
Read MoreMANILA, Philippines – The Philippine automotive industry maintained its position as the second fastest growing market in Southeast Asia despite a slowdown in sales in February, but lost its regional leadership in terms of motorcycle sales growth. Latest data from the ASEAN Automotive Federation showed the Philippine automotive industry’s 17.4 percent growth in the first […]
Read MoreMACTAN ISLAND, Cebu, Philippines – The Philippines firmed up yesterday agreements with Malaysia and Thailand to open up the banking industry, aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. led yesterday the signing of the Declaration of […]
Read MoreMANILA, Philippines – The Asian Development Bank (ADB) expects economic growth in the Philippines to moderate to 6.4 percent in 2017 as the rise in commodity prices tempers consumer spending. In its Asian Development Outlook 2017 report, the multilateral development bank said it is retaining its domestic growth expectation for 2017 but foresees domestic economic […]
Read MoreMANILA, Philippines – The Bureau of Customs (BOC) said yesterday it has improved its revenue collection efforts during the month of March amid its intensified effort to curb smuggling in the country. Based on its preliminary report, the BOC said it collected P37.654 billion in duties and other tariff last month, up 16 percent from […]
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