Economy

Higher import costs, not TRAIN, push up housing prices: Pag-IBIG chief

DAVAO CITY -- The head of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, has brushed aside the perceived impact of the Tax Reform Acceleration and Inclusion...

Economists forecast ‘6%-level’ August inflation

MANILA -- Private-sector economists forecast August's inflation to be in the "six percent-level", slightly higher than what their counterparts in government are predicting. In a report released Friday, ING economist for Asia Prakash...

BSP forecasts August inflation at 5.9%

MANILA -- Philippine monetary officials are expecting inflation to soar even higher in August, about 5.9 percent, or even higher than a month-ago’s multiyear high of 5.7 percent. In a statement Friday, the...

Technology boosting PH SMEs’ competitiveness: survey

MANILA -- Adaptation by Philippine-based small and medium enterprises (SMEs) is high and this gives them a big advantage to be at par with the best in the world. Results of the survey...

Corruption preventing PH’s economic progress: Duterte

MANILA -- President Rodrigo R. Duterte on Thursday lamented how the Philippines would take longer to reach the economic progress achieved by its neighboring countries due to massive corruption within government. “If we...

Dominguez not amenable to budget deficit beyond 3% of GDP

MANILA -- Finance Secretary Carlos Dominguez on Tuesday said he is willing to accept changes in the proposed tax reform measures but not the change in the deficit ceiling, which was placed...

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