Business

PHL to invest heavily in training young workforce

Finance Secretary Carlos Dominguez III said the Duterte administration is investing heavily in human capital development to train its young, talented workforce and capitalize on the Philippines’ “demographic sweet spot,” which...

DTI wants to keep foreign equity limit on retail trade

MANILA -- The Department of Trade and Industry (DTI) "may agree" to lower the USD2.5-million minimum paid-up capital for foreign investors to participate in retail trade activities in the country, but...

AmCham joins biz community support for tax reform

The American Chamber of Commerce of the Philippines (AmCham) has joined the long list of prominent organizations from various sectors that have expressed their support for the proposed Tax Reform for...

Fitch Ratings notes gains on new reporting rules for real estate loans

MANILA -- Fitch Ratings on Thursday cited the Bangko Sentral ng Pilipinas' (BSP) new requirements for enhanced reporting from banks on property lending and project finance, saying this will help detect risks...

PH up one spot in WEF Global Competitiveness Report

MANILA -- The Philippines has improved its ranking in the World Economic Forum (WEF) Global Competitiveness Report 2017-2018, placing 56th out of 137 economies in the latest report released Wednesday. The country’s ranking...

ADB maintains PH growth forecast for 2017, 2018

MANILA -- The Asian Development Bank (ADB) has maintained growth forecast for the Philippines for this year and 2018, on the back of the government’s aggressive infrastructure push and implementation of tax...
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