Core inflation rose to 1.7%, the highest since Oct 2014, due to rise in gas, electricity costs amid higher oil prices Consumer prices went up again last month – the fifth month in a row – although the pace has slowed a little. Headline inflation was 0.4 per cent last month, down from 0.7 per […]
Read MoreMANILA, Philippines – The Bureau of Customs (BOC) recorded P32.64 billion in total collections in April, 10 percent below the P36.36 billion target for the period, preliminary data from the agency showed. Revenue for April was also slightly down from the P32.71 billion it generated in the same month last year. “Our target has been […]
Read MoreMANILA, Philippines – The real estate exposure of Philippine banks finally eased below 20 percent in the first quarter as housing prices remained steady amid sustained demand, data from the Bangko Sentral ng Pilipinas (BSP) showed. The BSP said real estate loans jumped 21.6 percent to P1.32 trillion in the first quarter from P1.08 trillion […]
Read MoreMANILA — The Philippines, one of the world’s top rice buyers, will issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season. The tender is open to private traders in major exporters Thailand and […]
Read MoreMANILA, Philippines – The massive infrastructure spending lined up by the Duterte administration may boost the country’s output by at least 1.5 percent per year, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Diwa Guinigundo said during the Economic Forum 2017 organized by BusinessWorld that the government has committed to spend P8.4 trillion […]
Read MoreMANILA, Philippines – The Philippines could potentially enjoy a credit rating upgrade should the government implement its tax reform program, Budget Secretary Benjamin Diokno said yesterday. Diokno said the approval of the substitute tax reform bill in the Congress, despite the watered down provisions, would put the Philippines in a good fiscal position, and increase […]
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