Economy

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,...

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...

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