MANILA, Philippines — The Philippine hospitality sector is among markets in the Asia-Pacific region seen as attractive to investors this year, driven by the robust growth of the tourism industry, a property services firm said. “The overwhelming support for tourism that the Philippine government has demonstrated is expected to bring forth a tremendous positive effect […]
Read MoreMANILA, Philippines — The Duterte administration’s economic managers have decided to cut the government’s revenue target this year following the enactment of a watered down tax amnesty law. In a press conference following the 175th meeting of the Development Budget Coordination Committee (DBCC), Budget and Management officer-in-charge Janet Abuel said revenue collections are projected to […]
Read MoreMANILA, Philippines — Vehicle importers improved their performance in February as sales grew 12 percent from last year on improved consumer demand for automobiles. In a statement yesterday, the Association of Vehicle Importers and Distributors Inc. (AVID) said total sales from its members reached 7,876 units in February, up from 7,017 units a year ago. […]
Read MoreMANILA, Philippines — The Indonesian government is demanding for the Philippines to permanently lift the safeguards on the imports of coffee mixes in exchange for investments in the country. Agriculture Undersecretary Segfredo Serrano said Indonesia has gone straight to President Duterte to lobby for the removal of the special safeguards on coffee mixes which the Department of Agriculture invoked […]
Read MoreMANILA, Philippines — The country incurred a trade deficit of $3.76 billion in January, higher than the $3.16-billion gap a year earlier, as imports rebounded and exports continued to drop, the Philippine Statistics Authority (PSA) reported yesterday. In its latest trade report, the PSA said imports reached $9.03 billion in January, up by 5.8 percent […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has appealed for the Senate to adopt its original proposal for mining fiscal reforms, which is projected to raise about P7.2 billion in additional revenues in the first year of its implementation. In a statement, the DOF said it has made a last-minute appeal to the Senate […]
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