Private sector representatives urged the government to focus on making the country more attractive to investments as the Marcos administration formally launched its 2023-2028 Philippine Development Plan (PDP). “I used to say it’s not enough for us to be in the radar but we really have to provide the runway lights for them for… investments […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) plans to return to the offshore bond market to raise as much as $600 million to refinance maturing debt this year after successfully raising P20.3 billion in the onshore bond market. In an interview, BPI president and CEO Jose Teodoro “TG” Limcaoco said the bank […]
Read MoreTHE Philippine economy likely expanded much faster than the government’s target of 6.5 per cent to 7.5 per cent last year and is forecast to grow by around 6.5 per cent this year amid a strong manufacturing sector, stable banking system and record low unemployment, Finance Secretary Benjamin Diokno said. Diokno said an expected slowdown […]
Read MoreMANILA, Philippines — A wealth tax could fatten the Philippines’ tax haul as the growing number of dollar millionaires exposed the realities of inequality in the country, global nonprofit Oxfam said. Erika Geronimo, executive director of Oxfam Pilipinas, reckoned that the ranks of millionaires in the country have grown by 43.5% since 2012. The statement […]
Read MoreMANILA, Philippines — The Philippines may increase its pork and poultry production and importation this year, driven by stable demand amid a growing economy as well as the extended lower tariffs for pork, according to the United States Department of Agriculture (USDA). In a report, the USDA-Foreign Agricultural Service (FAS) said Philippine pork production may […]
Read MoreMANILA, Philippines — Global nonprofit Oxfam said that a wealth tax could fatten the Philippines’ tax haul as the growing number of millionaires exposed the realities of inequality in the country. Erika Geronimo, executive director of Oxfam Pilipinas, reckoned that the ranks of millionaires in the country have grown by 43.5% since 2012. The global […]
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