Economy

Dominguez: More tax reforms needed for fiscal sustainability

By Joann Villanueva/Philippine News Agency MANILA -- Finance Secretary Carlos Dominguez III has high hopes that additional tax reform measures will be passed to generate funding for the government’s infrastructure program and...

Local markets higher on Thursday

By Joann Villanueva/Philippine News Agency MANILA -- While concerns over trade issues overseas remain, the Philippines' main equities index managed to rise even as the peso ended sideways but with an upward...

Economists eye below 2% inflation by Q3

By Joann Villanueva/Philippine News Agency MANILA -- Economists of First Metro Investment Corporation (FMIC) and the University of Asia and the Pacific (UA&P) have forecast the domestic inflation to fall below 2...

TDFs undersubscribed as rates rise across-the-board

By Joann Villanueva/Philippine News Agency MANILA -- The rates of Bangko Sentral ng Pilipinas' (BSP) term deposit facilities rose across-the-board Thursday, although all tenors ended up undersubscribed. Data released by the central bank...

Inflation seen to settle back to target levels

By Joann Villanueva/Philippine News Agency MANILA – The Philippines’ inflation rate is expected to return to its deceleration mode in the coming months after an uptick to 3.2 percent last May from...

Rise in PH’s May inflation temporary

By Joann Villanueva/Philippine News Agency MANILA – Philippine monetary officials called the marginal rise in the country's inflation rate as "temporary" and does not indicate a turn-around from its downward trajectory in...

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