Economy

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,...

Local stocks win; peso losses as trading begins

By Joann Villanueva/PNA MANILA -- An assurance from the Bangko Sentral ng Pilipinas (BSP) that the banking system remains strong despite Hanjin’s default soothed the fears in the local equities market but...

PH T-bill rates decline, demand still up

By Joann Villanueva/PNA MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Monday only partially awarded the benchmark 91-day Treasury bill (T-bill) but fully awarded the longer tenor papers after...

Local markets recover in midweek session

By Joann Villanueva/PNA MANILA – Risk-on sentiment returned to the Philippines' financial and capital markets Wednesday, allowing both local stocks and the peso to walk away with gains. The Philippine Stock Exchange index...

PH 10-year T-bond rate declines, demand exceeds offering

By Joann Villanueva/PNA MANILA -- Investors swamped Tuesday’s auction of the Philippines’ 10-year Treasury bond (T-bond) but the paper’s interest rate slipped on expectations that domestic inflation rate will continue to decelerate. Average...

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