Business

NEDA sees FDI rise on eased foreign investment restrictions

MANILA -- The National Economic and Development Authority (NEDA) expects a further increase in foreign direct investments (FDI) next year due to the newly-signed 11th regular Foreign Investment Negative List (FINL). In a...

PH exhibitors seek buyers in China import expo

MANILA -- A total of 57 Filipino exhibitors are taking part in the first China International Import Expo (CIIE) in Shanghai, in hopes of striking deals with Chinese buyers. Department of Trade and...

Cash aid, tax relief sought for Boracay residents, businesses

MANILA -- A party-list lawmaker on Monday cited the need to provide financial assistance for households and businesses affected by the six-month shutdown of Boracay Island. 1-CARE Rep. Carlos Roman Uybarreta said cash...

Manufacturing sector’s PMI soars in October

MANILA -- The Philippine manufacturing sector, as reflected by the purchasing managers’ index (PMI) in October posted a 10-month high score of 54, from its previous score of 52 in September, indicating...

Oil prices fall for 4th week in a row

MANILA -- Oil firms announced to cut fuel prices on Monday, reducing pump prices for four consecutive weeks. Most of the oil companies will rollback gasoline prices by PHP1 per liter, PHP0.90 per...

BPO sector more threatened by AI than tax measures: Dominguez

MANILA -- The increasing use of artificial intelligence (AI) -- not new tax measures -- are the real threat to the country’s business process outsourcing (BPO) sector, Finance Secretary Carlos Dominguez III...
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