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Philippines: Inflation seen settling at 3.8% in February

MANILA, Philippines β€” Prices of basic goods and services likely eased in February, but the slowdown may not last long as inflation is expected to sharply rise in the coming months, according to London-based think tank Capital Economics. Headline inflation, which is the rate of increase in the consumer price index, may settle at 3.8 […]

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Philippines: Soaring shipping rates to raise import costs

MANILA, Philippines β€” Prices of imported goods may go up, while exports may face delays as shipping rates continue to soar due toΒ container shortages and strong demand. Philippine Ports Authority general manager Jay Santiago told The STAR that the average container shipping costs have surged by a dramatic 400 percent from November last year. […]

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Philippines: Tobacco excise tax collections exceed target

MANILA, Philippines β€” The Bureau of Internal Revenue (BIR) exceeded its excise tax collection target from tobacco in February after Japan Tobacco International (JTI) Philippines more than doubled the amount of taxes paid during the review period. In a report to the Department of Finance, Internal Revenue Deputy Commissioner Arnel Guballa said excise tax collections […]

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Philippines: Ecozone investments surge 139% in January

MANILA, Philippines β€” Investments approved by the Philippine Economic Zone Authority (PEZA) surged 139 percent in January from a year ago. PEZA director general Charito Plaza said the agency approved projects worth P11.31 billion in January, up from P4.726 billion in the same month last year. The approved investments for January are for 24 projects. […]

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