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Net FDI inflows drop to 4-mo low in March

By MAYVELIN U. CARABALLO, TMT June 11, 2019 NET foreign direct investments (FDI) in March hit a four-month low of $586 million and fell from the figure posted in the same month last year, the Bangko Sentral ng Pilipinas (BSP) announced on Monday. Source: https://www.facebook.com/BangkoSentralngPilipinas The latest figure was the …

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CMHC reports Canadian housing starts slowed in May

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward The Canadian Press Published Monday, June 10, 2019 9:03AM EDT OTTAWA – Canada Mortgage and Housing Corp. says the pace of housing starts slowed in May. The housing agency say the seasonally …

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Dominguez upbeat on tax reforms’ OK

By MAYVELIN U. CARABALLO, TMT June 08, 2019 THE Department of Finance (DoF) remains hopeful on the passage of the remaining tax-reform proposals of the government, especially with a new set of lawmakers at the soon-to-open 18th Congress. “We look forward to the passage of the remaining tranches of the …

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PH dollar reserves rise to 31-month high in May

By MAYVELIN U. CARABALLO, TMT June 08, 2019 THE country’s gross international reserves (GIR), or dollar reserves, rose to a 31-month high of $85.022 billion (P4.42 trillion) last month on the back of the government’s foreign-currency deposits, the Bangko Sentral ng Pilipinas’ (BSP) foreign-exchange operations and investment income, as well …

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P3-B fish-cage program exclusive, risky – group

By EIREENE JAIREE GOMEZ June 10, 2019 THE P3-billion fish-cage installment program of the Department of Agriculture (DA) may benefit only the big-fish corporations and endanger the marine and aquatic environment, the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) warned. Only big-time fishing corporations, entities and individuals can invest …

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