Economy

BOI hits P617-B in investment approvals for 2017, highest in 50-year history

Trade Secretary Ramon Lopez, Chairman of the Philippine Board of Investments (BOI), announced the unprecedented Php616.7 billion in investments approvals, the highest in the agency’s 50-year history. The figure is up...

Harbour Centre’s P2-B land sale in peril

MANILA -- The Harbour Centre Port Terminal Inc. (HCPTI) is considering the possibility of rescinding the PHP2-billion sale of its land property to Port Capital SEA. The One Source Port Services Inc. of...

HSBC ups GDP forecast for next year

MANILA - - Banking giant HSBC revised upwards its growth forecast for the country's Gross Domestic Product (GDP) for 2017 and 2018 given the sustained improvement of the domestic economy. HSBC, in...

Tax reform package to help workers, spur growth: Dominguez

MANILA -- All working Filipinos will benefit from the approval of the first tax reform package and its recent ratification, Finance Secretary Carlos Dominguez III said it is an achievement since the...

ANZ sees hike in BSP rates in Q1 ‘18

MANILA -- ANZ Research projects a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates starting the first quarter of next year on expected uptick in prices of some commodities as...

Peso stays firm vs. USD; PSEi slips after 2-day rally

MANILA - - The Philippine peso ended the week little changed against the US dollar but the main equities index ended its rally due to profit-taking. The local currency finished Friday at...

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