Share prices climbed anew yesterday as investors await the outcome of the US Federal Reserve meeting. The Philippine Stock Exchange index (PSEi) climbed 47.43 points or 0.69 percent to finish at 6,928.34, while the broader All Shares index edged up 28.72 points or 0.69 percent to end at 4,201.37. All sectoral indices were up led […]
Read MoreThe government is keeping most of its macroeconomic assumptions for next year, Budget Secretary Benjamin Diokno said. “For 2017 assumptions, that will be it. My primary concern are the assumptions for the 2018 budget,” he said in a phone interview yesterday. “The growth targets will be kept,” he added. The inter-agency Development and Budget Coordinating […]
Read MoreThe Duterte administration’s pump-priming plan remains intact despite an expected rise in borrowing costs after the US Federal Reserve delivered its widely anticipated rate hike. “This is the most anticipated move by the Fed, hence, (it) won’t change our fiscal program, especially the expenditure plan,” Budget Secretary Benjamin Diokno said in a text message […]
Read MoreThe Israel Chamber of Commerce of the Philippines (ICCP) is asking the government to put on hold its plan to rationalize fiscal incentives given to companies as making changes would only lessen the country’s appeal to investors. ICCP president Itamar Gero said his group sees the government’s plan to overhaul the fiscal incentives as “too […]
Read MoreThe outstanding debt of the national government breached the P6-trillion mark for the first time in end-September due to the weakening of the peso against the dollar, the Bureau of the Treasury said. The government’s debt stock as of end-September hit P6.09 trillion up 1.8 percent from end-August. Since end-2015, debts already rose 2.2 percent […]
Read MoreProposed labor policies, which include wage adjustments and the termination of the end-of-contract (endo) work arrangement, are seen to drag down the country’s already slumping export growth, the Philippine Exporters Confederation Inc. (Philexport) said. “By the looks of it, we will be lucky to end up with a flat export performance, not factoring in the […]
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