Economy

Peso weaker, local shares move up Thursday

By Kris Crismundo/PNA MANILA -- Local markets went their own direction as the Philippine peso weakened while the Philippine Stock Exchange index (PSEi) gained strength on Thursday’s trading. Tracking the movements in regional...

Dinagyang fest brings economic benefits to Ilonggos

By Perla Lena/PNA ILOILO CITY -- Iloilo’s Dinagyang Festival serves as the main driver of any activity in this city, benefitting not just tourism but also ancillary services. Maria Victoria Lara, executive director...

Bacolod City rakes in P1.4-B in taxes, other revenues in 2018

By Nanette Guadalquiver/PNA BACOLOD CITY -- The City of Bacolod raked in PHP1.444 billion in real property taxes and other non-tax revenues in 2018, with a collection efficiency of 143 percent, records...

Economy to grow 6.8%-7.2% in 2019: FMIC, UA&P

By Leslie Gatpolintan/PNA MANILA -- The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving...

Dominguez still hopeful about approval of tax reforms

By Joann Villanueva/PNA MANILA -- Finance Secretary Carlos Dominguez III remains hopeful that lawmakers would still approve pending tax reform packages, a priority program of the Duterte administration, citing their potential benefits...

Tax reforms to help PH become upper middle-income economy

By Joann Villanueva/PNA MANILA -- Ensuring truly inclusive growth, sustained high level domestic output and a healthy dose of tax reform will propel the Philippines to upper middle-income economy status this 2019,...

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