Thursday , September 19 2019
Home / Business (page 50)

Business

‘Pass Trabaho bill, other tax measures’

By MAYVELIN U. CARABALLO, TMT July 23, 2019 PRESIDENT Rodrigo Duterte on Monday urged the 18th Congress to pass the remaining packages of his administration’s tax reform program, which he said would help finance its efforts to reduce poverty in the country. During his fourth State of the Nation Address, …

Read More »

Budget deficit hits P4.2B in June

By MAYVELIN U. CARABALLO, TMT July 23, 2019 THE government posted a narrow budget deficit in June as revenue collections surged and state spending weakened, the Bureau of the Treasury (BTr) said on Monday. In a statement, the Treasury said last month’s P41.8-billion deficit reversed the P2.6-billion surplus in May, …

Read More »

Many jobs at risk over Trabaho bill

By TYRONE JASPER C. PIAD July 22, 2019 Many jobs are at risk of displacement in the garment industry due to the Tax Reform for Attracting Better and Higher Quality Opportunities (Trabaho) bill, the Confederation of Wearable Exporters of the Philippines (Conwep) said. At the sidelines of a press conference …

Read More »

Budget utilization of PH agencies up

By MAYVELIN U. CARABALLO, TMT July 22, 2019 State agencies have improved their budget utilization in the first half of the year, data from the Department of Budget and Management (DBM) showed over the weekend. Agencies used P1.306 trillion of the P1.335 trillion released under the Notice of Cash Allocation …

Read More »

PH to export fish to China?

By EIREENE JAIREE GOMEZ July 22, 2019 Despite the dispute between the Philippines and China over fishing grounds, the government is looking at exporting bangus (milkfish) and other high value fish to the vast Chinese market. The Department of Agriculture (DA) said it is pondering on the matter amid the …

Read More »

‘Healthy pullback’ in market expected

By ANGELICA BALLESTEROS, TMT July 22, 2019 PROFIT-taking on the Philippine Stock Exchange is anticipated to occur this week following the strength it showed in the prior trading week. In a market note over the weekend, AAA Southeast Equities Inc. research head Christopher Mangun said shares of banking companies were …

Read More »

Junk SoT bill, exporters urge govt

By ANNA LEAH E. GONZALES July 22, 2019 DAYS before President Rodrigo Duterte’s delivers his fourth State of the Nation Address (SONA), Filipino exporters are calling for the rejection of some measures they say would harm their business, as well as for the quick passage of reforms that would increase …

Read More »

‘2019 GDP growth to fall within govt goal’

By MAYVELIN U. CARABALLO, TMT July 22, 2019 FOUR of the biggest foreign banks operating in the country see the Philippine economy hitting the government’s growth target this year before expanding further in the next. The latest 2019 gross domestic product (GDP) projections from Citi Philippines, Standard Chartered Bank, HSBC …

Read More »

BSP: Economists see 2.9% inflation in 2019

By MAYVELIN U. CARABALLO, TMT July 22, 2019 ECONOMISTS project inflation to settle at 2.9 percent this year, the Bangko Sentral ng Pilipinas (BSP) said, noting that this figure was higher than its 2.7-percent full-year forecast, but still within its 2-4 percent target. In its Second Quarter Inflation Report released …

Read More »

Bill filed to set cap on PH debt

By JAVIER J. ISMAEL July 20, 2019 A debt cap bill setting national indebtedness at an amount not more than 50 percent of the national Gross Domestic Product (GDP) has been filed at the Senate. Senate President Pro Tempore Ralph Recto, author of the bill, said the cap will not …

Read More »