Economy

Global risk-off sentiment sinks PSEi, peso holds ground

MANILA -- Trade war concerns, along with the slide of Wall Street, resulted in the negative close of the Philippine Stock Exchange index (PSEi) but the peso managed to stay afloat during...

Top coops in Bulacan cited

CITY OF MALOLOS, Bulacan --Top cooperatives in this province were recognized Wednesday for their vital contribution to the growth and development of the local economy. This year’s Gawad Galing Kooperatiba awardees include...

Innovation to help boost PH economic competitiveness

MANILA -- Senator Sherwin Gatchalian is calling on the government to develop a culture of innovation to boost the country's economic competitiveness. Gatchalian, chair of the Senate Committee on Economic Affairs, made the...

TRAIN’s 2018 revenue target cut

MANILA -- Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and...

Gov’t recognizes auto industry’s economic contributions

MANILA -- The Philippine government has recognized the automotive vehicle industry's contributions towards accelerating the country’s economic growth in recent years, a Palace official said. During the 7th Philippine International Motor Show in...

Gov’t won’t lose from oil excise tax suspension: consumer group

MANILA – Consumer group Laban Konsyumer Inc. (LKI) said government does not stand to lose should the second installment of the oil excise tax increase be put on hold. In a statement, LKI...

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