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Monthly Archives: April 2019

Zero tariff mulled for SKorean e-vehicle parts

By TYRONE JASPER C. PIAD April 29, 2019 Tariffs on electric vehicle (EV) parts from South Korea may be removed in exchange for easier market access for Philippine agricultural products, a Department of Trade and Industry (DTI) official said. The DTI is currently studying the possibility of providing zero tariff …

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‘More infra investments needed for PH regions’

By ANNA LEAH E. GONZALES April 29, 2019 To spur economic growth in other regions of the country, economists recently called on the government to boost investments in its critical infrastructures. Doing so would pave the way for new economic hubs outside of the national capital region (NCR), research firm …

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Sideways trading on investor caution

By ANGELICA BALLESTEROS, TMT April 29, 2019 THE stock market is expected to trade sideways during a shortened, four-day trading week as investors remain cautious ahead of the May 13 midterm elections. In a market comment over the weekend, Eagle Equities Inc. research head Christopher Mangun said the market would …

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GOCC subsidies down 83% in March

By MAYVELIN U. CARABALLO, TMT April 29, 2019 SUBSIDIES received by state-run companies from the national government dropped in March, latest data from the Bureau of the Treasury showed. Twenty-three government-owned and -controlled corporations (GOCCs) received a total of P5.740 billion in the month, a 83.7-percent decrease from P35.240 billion …

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Fed to hold its fire despite rate-cut call

By AGENCE FRANCE-PRESSE April 29, 2019 WASHINGTON, D.C.: The Federal Reserve (Fed) is poised to hold its fire this week, leaving benchmark US interest rates untouched as central bankers await firm indications of where the world’s largest economy is headed. But as policymakers gather for their third meeting of the …

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Banks tighten real-estate lending

By MAYVELIN U. CARABALLO, TMT April 29, 2019 BANKS have tightened credit standards on loans extended to real-estate companies but maintained those for individual borrowers, the Bangko Sentral ng Pilipinas (BSP) said. Results of the First Quarter 2019 Senior Bank Loan Officers’ Survey released on Friday indicated a net tightening …

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Economists expect 3.3% inflation for 2019 – BSP

By MAYVELIN U. CARABALLO, TMT April 29, 2019 ECONOMISTS see inflation settling at 3.3 percent this year, the Bangko Sentral ng Pilipinas (BSP) said, higher than its 3.0-percent full-year forecast but still within the 2.0-4.0 percent target. In the First Quarter Inflation Report released on Friday, the central bank said …

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Janikowski retires as highest-paid kicker ever

When Sebastian Janikowskiannounced his retirement on Sunday, he did so as the highest-paid kicker in NFL history. Janikowski made $53.3 million in his NFL career, topping second place Adam Vinatieri by $6 million. It may come as a surprise that Janikowski made so much more than Vinatieri, considering that Vinatieri …

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