Economy

New DBP branch to aid infra initiatives in Baguio, Cordillera

BAGUIO CITY -- State-owned Development Bank of the Philippines (DBP) has opened a branch in Baguio City to boost the Duterte administration's "Build, build, build" economic growth tack, particularly in the Philippines'...

January mineral export receipts up 236%; Gold outshines other metals

MANILA -- The Philippines' January export receipts on mineral products surged almost 236 percent in 2018, on the back of higher gold shipments. Export receipts for mineral products January this year totaled USD352.40...

January export receipts on forest products grow 83.2%

MANILA -- The country's export receipts on forest products grew 83.2 percent in January from year-ago figures, with lumber and plywood shipments mainly accounting for the gain. The Philippine Statistics Authority (PSA) said...

TRAIN had little impact on February ’18 inflation rate: DOF

MANILA -- Philippines’ inflation rate ticked up anew in February 2018 but only a small part of it can be attributed to the impact of tax reform and that the poor...

PH-China loan signing for infra projects set

MANILA -- The Philippine government is set to sign agreements with the Chinese government for some of the Duterte administration’s priority infrastructure projects. Finance Undersecretary Edita Tan said the loan agreement signing...

DOF execs eye at least P18-B gain from planned fuel marking

 MANILA - - Officials of the Department of Finance (DOF) expect to gain at least PHP18 billion from the planned implementation of fuel marking by early 2019. Finance  Assistant Secretary Mark Dennis Joven...

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