Business

Economists forecast ‘6%-level’ August inflation

MANILA -- Private-sector economists forecast August's inflation to be in the "six percent-level", slightly higher than what their counterparts in government are predicting. In a report released Friday, ING economist for Asia Prakash...

Local stocks up, Peso little changed as trading week ends

MANILA -- The resiliency of the Philippine peso and the Philippine Stock Exchange index (PSEi) shone through on Friday amidst negative sentiments due to concerns over US-China trade woes and worsening economic...

BSP forecasts August inflation at 5.9%

MANILA -- Philippine monetary officials are expecting inflation to soar even higher in August, about 5.9 percent, or even higher than a month-ago’s multiyear high of 5.7 percent. In a statement Friday, the...

DTI asks wet market vendors to explain poultry prices

MANILA -- The Department of Trade and Industry (DTI) issued on Friday letters of inquiry to 15 wet market vendors in Paco Market (Manila) and Nepa Q-Mart (Quezon City), asking them to...

Vehicle sales hit largest drop in July

MANILA -- Motor vehicle sales in the country dropped sharply in July, as revealed by the joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers...

Diokno eyes passage of all tax measures in 8 weeks

MANILA -- Budget and Management Secretary Benjamin Diokno is optimistic about the passage of all tax reform measures within the next two months, noting that lawmakers understand their importance in realizing the...
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