Finance

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...

Economist keeps BSP rate hike forecast in Q4 ’17

MANILA -- An economist of ING Bank Manila is keeping his forecast of a 25 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the last quarter...

DOF commits to further improve collections of revenue agencies

The Department of Finance (DOF) has committed to further improve the collections of the state’s main revenue agencies, which reported “promising growth figures” in tax revenues of 8.8 percent in the...

TRAIN to benefit 99 percent of Filipino families

The Department of Finance (DOF) has maintained that the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of Filipino households because of its proposed income tax...

External factors affecting peso, says DOF exec

The Philippine economy needs to diversify and not rely on remittances and business process outsourcing alone to prevent the peso from depreciating too much whenever uncertainties arise from advanced economies, the...

BOI confident of hitting Php500B investment target, Jan-Aug 2017 investments up 38 percent

The Philippine Board of Investments (BOI) is confident of hitting its Php500 billion investment approvals target for 2017 as investment projects registered with the agency reached Php325.8 billion in the first...

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