MANILA -- Trade Secretary Ramon Lopez said confidence of investors in the country remains high even with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act this year.In an interview on Radyo Pilipinas’ Cabinet Report sa Teleradyo with Presidential Communications... Read More
MANILA-- Two power cooperatives in Bukidnon, the First Bukidnon Electric Cooperative (Fibeco) and the Bukidnon Second Electric Cooperative (Buseco), are unfazed by the recent imposition of higher taxes on coal.The National Electrification Administration (NEA) observed that investing in a... Read More
MANILA -- Globe Telecom will be allocating USD850 million for its capital expenditure this year as it continues to expand its data network amid the rising demand for mobile data services and online streaming content.The financing is in line with its vision to improve internet services in the country... Read More
PAGADIAN CITY, Zamboanga del Sur -- The Department of Trade and Industry (DTI) announced that there was sharp increase in new businesses in 2017 in this province.DTI Provincial Director Maria Socorro Atay on Friday said the Business Name Registration (BNR) in 2017 reached 2,962, which is 64 percent... Read More
MANILA -- Brokerage firm Philstocks Financial Inc. expects the benchmark Philippine Stock Exchange index (PSEi) to soar to a new record high of 10,700 to 11,000 points this year, as the tax reform program further drives the country’s economic growth.Philstocks Financial senior equity analyst... Read More
MANILA -- The Philippine Stock Exchange index (PSEi) sustained its rally Friday but the peso closed the week sideways partly due to investors’ profit-taking.PSEI gained 0.35 percent, or 30.17 points, to finish the week at 8.770.00 points.The broader All Shares went up 0.33 percent, or 16.57... Read More
MANILA -- Small Business (SB) Corp., the financing arm of the Department of Trade and Industry (DTI), has released microloans for entrepreneurs affected by clashes in Marawi City, through the agency’s Pondo sa Pagbabago at Pag-asenso or P3.DTI said Friday over PHP250,000 from P3 fund were... Read More
MANILA - - Economists are divided on the possible impact of the first tax reform package on Philippines’ inflation rate this 2018, with some saying the effect will be limited while some raised the possibility of breaching of the target.BPI lead economist Jun Neri, in a Tweet Friday said:... Read More
MANILA -- Travellers International Hotel Group, Inc. (TIHGI), owner and operator of Resorts World Manila (RWM), has sealed a deal with Japanese hospitality chain, Hotel Okura Co., Ltd. (Okura), to operate a 191-room luxury hotel targeted for soft opening by the fourth quarter of the year.The Hotel... Read More
MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. is confident of within-target inflation in the near term after the December 2017 inflation was steady at 3.3 percent, bringing the average rate this year to 3.2 percent.Data released by the Philippine Statistics Authority... Read More
MANILA -- Department of Trade and Industry (DTI) Secretary Ramon Lopez has dismissed fears of consumers on impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Act to prices of basic goods.Lopez said in a press conference Thursday that the new tax law imposing excise tax on petroleum... Read More
MANILA - - The Philippines’ main equities index sustained improvement on Thursday while the peso displays a little change as investors continue to have positive outlook of the domestic economy.The Philippine Stock Exchange index (PSEi) rose 0.18 percent, or 15.70 points, to 8,739.83 points,... Read More
MANILA - - Both the Bureau of the Internal Revenue (BIR) and the Bureau of Customs (BOC) posted double digit growth in their collections in 2017.Citing Bureau of the Treasury (BTr) data, Finance Secretary Carlos Dominguez III, in a message to reporters Thursday, said indicative collections of the... Read More
MANILA -- The stock market is forecast to trend new level high of 9,400 points this year as positive economic outlook boosts corporate earnings, said the investment banking arm of the Metrobank Group.First Metro Investment Corp. (FMIC) also projected earnings per share (EPS) growing 10 percent in... Read More
MANILA – Natura Aeropack Corp. (NAC), a subsidiary of listed D&L Group, on Thursday received registration approval from the Philippine Economic Zone Authority (PEZA) for its new manufacturing facility in Tanauan, Batangas.The manufacturer of specialty foods ingredients told the local... Read More
MANILA - - Philippines’ inflation rate is seen to hit the upper end of the government’s two to four percent target this 2018 but officials of the First Metro Investment Corp. (FMIC) do not consider this a bad thing given the expected sustained strengthening of the economy. In a briefing... Read More
MANILA -- An official of First Metro Investment Corp. (FMIC) welcomes the news about the possibility of the central bank introducing a third Term Deposit Facility (TDF) tenor, citing that this will be an additional option for banks to temporarily keep their excess funds. In an interview, FMIC Senior... Read More
MANILA -- The Philippines is expected to remain the best performing economy in the region expanding by 7 to 7.5 percent in 2018, on the back of massive infrastructure spending, said the investment banking arm of the Metrobank Group.“The infrastructure spending is quite crucial in the faster... Read More
MANILA -- The Department of Trade and Industry (DTI) assures the market of its strengthened monitoring as the new tax law took effect on New Year’s Day.In a press conference Thursday, DTI Secretary Ramon Lopez said the agency has deployed several monitoring teams in Metro Manila and also... Read More
MANILA -- The Philippine Economic Zone Authority (PEZA) has urged its registered firms to increase local sourcing of their raw materials.PEZA Director General Charito Plaza said the agency eyes for a “reverse trade fair” this year, where importation of PEZA-registered companies would be... Read More
The Philippine News Agency is a web-based newswire service of the Philippine government under the supervision of the News and Information Bureau (NIB) of the Presidential Communications Office (PCO).