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Keep existing PEZA incentives – groups

By TYRONE JASPER C. PIAD July 19, 2019 Industry groups on Thursday urged the new batch of lawmakers in the country not to touch the fiscal incentives presently enjoyed by economic zone locators so they can stay competitive. In a press briefing in Makati, the Semiconductor and Electronics Industries in …

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PLDT: No launching of 5G service in 2019

By JORDEENE B. LAGARE July 19, 2019 PLDT Inc. is deferring the rollout of fifth generation (5G) services for its home and enterprise subscribers next year pending the selection of the network’s technology vendor, its top official said on Thursday. “I don’t think it will happen this year but certainly… …

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Bargain-hunting ends PSEi losses

By ANGELICA BALLESTEROS, TMT July 19, 2019 THE stock market snapped a two-day losing streak on Thursday as investors went bargain-hunting. The bellwether Philippine Stock Exchange index grew by 0.30 percent or 24.57 points to close at 8,258.05, while the broader All Shares rose by 0.15 percent or 7.44 points …

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Rice liberalization law review needless

By The Manila Times July 19, 2019 FINANCE Secretary Carlos Dominguez 3rd said on Thursday there was no need to review Republic Act 11203, or the Rice Liberalization Act, calling it one of the current administration’s most significant accomplishments. In a message to reporters, Dominguez called the law — which …

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Net ‘hot money’ outflows dip in June

By ANGELICA BALLESTEROS, TMT July 19, 2019 NET outflows of foreign portfolio investments reached $35.72 million last month, significantly lower than the figures posted in May and a year ago, according to the Bangko Sentral ng Pilipinas (BSP). Data from the central bank showed on Thursday that the June net …

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DBCC cuts 2019 inflation projection to 2.7-3.5%

By ANNA LEAH E. GONZALES July 19, 2019 THE inter-agency Development Budget Coordination Committee (DBCC) on Thursday trimmed its inflation forecast for 2019 to between 2.7 percent and 3.5 percent from the earlier 3.0-to-4.0 percent range, but maintained its economic growth projections. In a briefing after the committee’s 176th meeting …

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ADB trims PH growth forecast to 6.2% in 2019

By ANNA LEAH E. GONZALES July 19, 2019 THE Asian Development Bank (ADB) on Thursday revised downward its 2019 Philippine economic growth forecast to 6.2 from 6.4 percent, even as it sees inflation easing this year. In its Asian Development Outlook Supplement report, the Manila-based multilateral bank said it lowered …

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Eat, Pray, Love in Idyllic Ubud

By MAAN D’ASIS PAMARAN July 19, 2019 There are so many things to experience in the soul of Bali The book and the movie that has inspired many a personal journey takes its last leg in Ubud, where the “Love” part of “Eat, Pray, Love” takes place. In addition to …

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