MANILA, Philippines — DBS Bank Ltd. of Singapore expects the country’s external balance to worsen over the next two years with the current account (CA) deficit breaching one percent of the domestic output. Gundy Cahyadi, economist at DBS, said the country’s current account shortfall would widen to 1.1 percent of gross domestic product in 2018 […]
Read MoreTHE Philippines should get rid of many touch points for initial public offerings (IPO), bond subscriptions and other investments in order to entice more people to invest in the local market, BDO Capital and Investments Corp. said on Tuesday. In a statement, BDO Capital President Eduardo Francisco said too many touch points were discouraging players […]
Read MoreCargo transport firms are warning that higher fuel taxes under the recently-signed Tax Reform for Acceleration and Inclusion (Train) Act will inflate operational costs and burden consumers. Philippine Inter-island Shipping Association, Inc. (PISA) executive director Pedro Aguilar said shipping rates would have to be increased given the “substantial” tax increase for fuel oil. As fuel […]
Read MoreMANILA, Philippines — The Department of Tourism (DOT) wants to attract more investments for the hotel sector to address the demand for more accommodation facilities brought about by the increase in tourist arrivals. “There are a lot of investors wanting to invest in the Philippines,” Tourism Secretary Wanda Corazon Teo told The STAR. “We are […]
Read MoreMANILA, Philippines — Japan is extending a hand to the Philippines to realize its industrial vision as the Asian powerhouse continues to see huge potential in the country as an investment destination. In a presentation, Kunihiko Shinoda, director general of Japan’s Ministry of Economy, Trade and Industry (METI), said Japan would cooperate for the Philippines’ […]
Read MoreSECOND- and third-tier firms — especially those with good prospects — could dominate trading during the final week of the year, analysts said. “With foreign fund managers on a holiday mode, local participants might dominate the week’s three-day trading session focusing mostly on second- and third-tier shares,” online brokerage 2TradeAsia said in a market note. […]
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