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Households, firms hit with tighter lending rules

By MAYVELIN U. CARABALLO, TMT April 27, 2019 BANKS on the whole tightened lending standards for businesses and households during the first three months of the year, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. “[T]he diffusion index (DI) approach continued to indicate a net tightening of credit standards …

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JCR raises outlook for PH to ‘positive’

By MAYVELIN U. CARABALLO, TMT April 27, 2019 THE Japan Credit Rating Agency Ltd. (JCR) revised its investment grade credit rating outlook for the Philippines to “positive,” which means the country is now only a step away from securing another upgrade. “JCR has left the ratings unchanged in view of …

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‘PH to be upper-middle income country by 2022’

By ANNA LEAH E. GONZALES April 27, 2019 THE Philippines is expected to continue posting strong growth in the next few years and poised to become an upper-middle income country by 2022 and a trillion-dollar economy by 2032, according to an IHS Markit report. In its “Philippines Tiger Economy Still …

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Musk, SEC settle dispute over tweets; Musk accepts oversight

Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio Thursday, March 14, 2019, in Hawthorne, Calif. (AP Photo/Jae C. Hong) Marcy Gordon, The Associated Press Published Friday, April 26, 2019 7:24PM EDT Last Updated Friday, April 26, 2019 8:35PM EDT WASHINGTON — Elon Musk and …

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Coca-Cola to release Coke and coffee hybrid drink this year

Coffee-flavored Coca-Cola is coming in 2019. (AFP PHOTO/Jewel Samad) Relaxnews Published Friday, April 26, 2019 2:49PM EDT Coffee-flavored Coca-Cola is coming to grocery and convenience store shelves this year. You could call it a different kind of energy drink. By the end of 2019, Coca-Cola will be releasing Coke Coffee …

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Draft estate tax amnesty rules released

By MAYVELIN U. CARABALLO, TMT April 25, 2019 Draft rules for an estate tax amnesty have been released by the Bureau of Internal Revenue (BIR), which expects to collect some P6.28 billion once the program is implemented. Detailed during a public consultation on Wednesday, the proposed implementing rules and regulations …

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Tighter accreditation of contractors pushed

By TYRONE JASPER C. PIAD April 26, 2019 The Philippine Domestic Construction Board (PDCB) is forming a body that will review and rate the performance of contractors in the Philippines. Works for the establishment of the Association of Accredited Constructors’ Performance Evaluation System Evaluators of the Philippines (AACEP) are underway, …

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Fitch Ratings cuts PH growth forecast

By MAYVELIN U. CARABALLO, TMT April 25, 2019 Fitch Ratings has slashed its 2019 Philippine growth forecast, tagging the delayed approval of the national budget and outside circumstances as reasons for the adjustment. “Fitch has revised down its GDP (gross domestic product) growth forecast for 2019 to 6.2 percent from …

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