Finance

Sotto optimistic on passage of 2018 budget, TRAIN before mid-December

MANILA -- Senate Majority Leader Vicente Sotto III on Thursday expressed hope that the 2018 General Appropriations Act (national budget) and the Tax Reform for Acceleration and Inclusion (TRAIN or tax...

Peso still strong; PSEi down anew

MANILA - - The Philippine peso remained strong Wednesday but the Philippine Stock Exchange index (PSEi) succumbed to foreign selling as the December meeting of the Federal Reserve nears. The local currency...

Peso stays firm, PSEi down on profit-taking

MANILA - - The Philippine peso continued to remain firm against the US dollar Monday but the Philippine Stock Exchange index (PSEi) slipped anew due to profit-taking. The local currency finished the...

BSP hikes 2018 inflation forecast to 3.4%

MANILA -- Philippine central bank’s policy-making Monetary Board (MB) on Thursday kept its 3.2 percent average inflation forecast for 2017 and 2019 but hiked the 2018 projection to 3.4 percent due...

JT buyout of Mighty yields 200% increase in ‘sin’ tax payments in two months’ time

The takeover by Japan Tobacco Inc. of Mighty Corporation has led to a 2o0 percent increase in the excise tax payments for the September-October period alone for this cigarette manufacturer compared...

$1.7-B South Korean loans, non-lending aid available for PHL transport, energy programs

South Korea has offered a $1.7 billion credit facility and another $7 million in the form of non-lending programs to the Philippines to help implement the Duterte administration’s priority programs in...

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