Economy

Filipinos benefit P32.5-B per month from TRAIN: DOF exec

MANILA -- Filipinos are reaping the benefits, around PHP32.5 billion per month, due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, an official of the Department...

BOI investment approvals up 19% in January-May

MANILA -- Investments approved by the Board of Investments (BOI) from January to May this year rose by 19 percent to PHP207 billion from PHP174 billion during the same period in 2017. In...

Manufacturing output up 19.8% in May

MANILA -- The manufacturing sector posted stronger growth in May, bouncing back from last year's decline, as it is being driven by the expansion of businesses amid rising consumer demand. The Philippine Statistics...

Peso loses ground, PSEi tumbles to 7,200-level

MANILA -- Both the Philippine peso and the local bourse ended in the red on Thursday after news broke out of a higher-than-expected June inflation. The local unit ended the trading at 53.42...

June inflation accelerates to 5.2%

MANILA -- Actual inflation rate in June exceeded the government’s outlook as it stood at 5.2 percent, a record-high in more than five years. Data released by the Philippine Statistics Authority (PSA) Thursday...

DOF forecasts June inflation at 4.9%

MANILA -- The Department of Finance (DOF) sees inflation increasing even further to 4.9 percent in June, from the 4.6 percent figure posted in May. In the DOF economic bulletin released on Tuesday,...

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