MANILA, Philippines — An accommodative monetary policy is desirable in the Philippines due to the continued downtrend in inflation as well as slower economic growth, according to the International Monetary Fund (IMF). “Monetary policy should generally be accommodative and calibrated to local circumstances, although the policy mix should also rely on other policies. Where inflation […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has asked Malacañang to create a task force, which will conduct a study on the proposal to impose corporate taxes based on their gross earnings, according to top officials. In an interview, Finance Secretary Carlos Dominguez said the government would prioritize the study on the feasibility and […]
Read MoreMANILA, Philippines — The rise in consumer prices for the country’s poorest households continued to ease in September primarily due to lower cost of utilities, the Philippine Statistics Authority (PSA) reported yesterday. Inflation for the bottom 30 percent income households at the national level further slowed down to 0.9 percent in September from 2.3 percent […]
Read MoreMANILA, Philippines — The Philippines reclaimed its highest ranking in the World Bank’s Ease of Doing Business (EODB) report, jumping a record 29 notches this year to rank 95th out of 190 economies across the globe. In the previous EODB report, the Philippines was at 124th place. Its overall score went up to 62.8 this […]
Read MoreMANILA, Philippines — Price increases felt by poor families continued to ease in September on the back of more lower utility costs and food prices, the Philippine Statistics Authority reported Thursday. Inflation for bottom 30% income households stood at 0.9% in September, slower than 2.3% recorded in August and 9.5% a year ago. According to the […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) favors a uniform road user tax instead of different rates for different types of motor vehicles as proposed by Albay Rep. Joey Salceda, who chairs the House of Representatives committee on ways and means. In a letter to Salceda, Finance Secretary Carlos Dominguez expressed support for the […]
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