Business

Moody’s affirms ‘Stable’ rating on PH

MANILA -- Debt rater Moody’s Investors Service on Friday affirmed the Philippines’ long-term local and foreign currency issuer rating at ‘Baa2’ with Stable outlook after noting the economy’s robust expansion, improving fiscal...

DOF probes another tax credit controversy in textile industry

MANILA -- Finance Secretary Carlos Dominguez III has ordered the creation of a task force that will investigate individuals involved in the alleged issuance and use of erroneous Tax Credit Certificates (TCCs)...

DTI reaffirms support for auto industry

MANILA -- The Department of Trade and Industry (DTI) reassured stakeholders about the government’s continued support to boost the local automotive industry through incentives. During the launch of Toyota Motor Philippines Corp.’s (TMPC)...

Local shares slide, Peso stays put vs. USD

MANILA -- Profit-taking resulted in the negative close of the Philippine Stock Exchange index (PSEi) Thursday but the peso ended sideways although with a depreciation bias in line with the performance of...

BOI sees nearly 28% jump in investment pledges

MANILA --  Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that investment pledges in its attached investment promotion agency (IPA), the Board of Investments (BOI), increased by nearly 28 percent...

Islamic countries may soon require ‘Halal’ certification

MANILA -- Philippine exporters to certain Islamic countries may need to strengthen their certification protocols, as these mostly Middle Eastern states are reportedly planning to require the identification of entering products as...
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