Gov鈥檛 to ease foreign cap in construction
THE GOVERNMENT is looking to allow foreign contractors to take on public construction projects under a more liberal Foreign Investment Negative List (FINL) in...
Meralco bills up for third month in September
CUSTOMERS of Manila Electric Co. (Meralco) will have to pay more for electricity consumption for the third straight month after the utility yesterday announced...
August foreign reserves at 3-month-high $81.5 billion
GROSS INTERNATIONAL RESERVES (GIR) edged up in August to a three-month high on the back of higher gold valuations and steady inflows from the...
Big infrastructure projects near final OK
THREE big-ticket infrastructure projects -- including a plan to build Metro Manila鈥檚 first subway -- will soon be up for President Rodrigo R. Duterte鈥檚...
Philippines could be at risk of US sanctions for North Korea trade
THE PHILIPPINES runs the risk of courting US trade sanctions for 鈥渄oing business鈥 with North Korea and the government is concerned enough to study...
2nd tax reform package to settle fiscal perks issue
THE DEPARTMENT of Finance (DoF) is crafting a new fiscal incentives scheme that will attract specific 鈥渉igh-value鈥 sectors as part of the second tax...
Emerging market inflows lowest since Jan. — IIF
NEW YORK -- Foreign investors cut capital flows to emerging market debt and equities in August, reducing inflows to $15.8 billion as investor caution...
Food, oil, electricity spur Aug. inflation
HIGHER food, oil and electricity costs spurred prices of widely used goods and services in August at the fastest clip in three months, according...
Government in final stages of preparation for panda bond sale
THE GOVERNMENT plans to be ready for the sale of yuan-denominated bonds by November, said a senior official of the Treasury bureau which is...
Foreign business leaders press government on infrastructure agenda
FOREIGN INVESTORS want the government to pick up the pace on infrastructure development, fearing that President Rodrigo R. Duterte may run out of time...
Bangladesh central bank pushing recovery of more heist money
DHAKA -- Bangladesh鈥檚 central bank was to send a team of officials to the Philippines on Tuesday to push for the recovery of more...
Philippine PMI weakest so far in August
BUSINESS improved for factories in the country but at the weakest pace, so far, in August, according to a monthly survey IHS Markit conducts...