Finance

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...

BSP launches PESONet system

MANILA - - The Bangko Sentral ng Pilipinas (BSP) launched on Wednesday the Philippine Electronic Fund Transfer and Operations Network (PESONet) to increase the number of electronic payments in the country. In...

BoC-10 closer to P13-B collection target for 2017

CAGAYAN DE ORO CITY – The Bureau of Customs in Northern Mindanao (BOC-10) is now closer to achieving its collection target as taxes and duties earnings have picked up in the...

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