Economy

NEDA says foreign businesses confident on PH business climate

MANILA– The National Economic and Development Authority (NEDA) on Tuesday gave the assurance that foreign investors remain confident to do business in the Philippines despite the 14 percent decline in foreign...

Semirara Mining H1 royalty payment triples to P1.7-B

MANILA -- Semirara Mining and Power Company (SMPC) said Friday it has tripled its royalty payment to the government during the first semester of the year. In a disclosure to the Philippine Stock Exchange,...

Dominguez to American businessmen: PHL now among Asia’s fastest-growing economies

NEW YORK CITY— Finance Secretary Carlos Dominguez III told the American business community here that the Philippines has started to deliver on its anticipated economic breakout on the Duterte watch, turning...

PSEi regains footing, peso down vs USD

MANILA -- The Philippine Stock Exchange index (PSEi) recovered Thursday but the peso went the other way as investors remain concerned on political developments overseas. The main stocks gauge rose 0.53 percent or...

Dulay sees BIR hitting P1.83-T revenue target

MANILA -- Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay is optimistic of hitting the agency's PHP1.829 trillion 2017 collection goal with greater cooperation from taxpayers and strengthened collection by regional offices. He...

Economic team in US to present investment opportunities in PH

MANILA -- Foreign Affairs Secretary Alan Peter Cayetano has expressed confidence that the United States (US) will continue to consider the Philippines a competitive destination for their business and investments. This, as Finance...

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