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Saturday, October 20, 2018

Top News

‘Noche Buena’ fare could be hit by price hikes of P55

EXPECT price hikes of up to P55 in Noche Buena products this year, as the accelerating inflation could have taken a toll on Christmas...

‘Dangerous convergence’ of adverse developments could spark recession

THE Philippines has called on the World Bank Group (WBG) and the International Monetary Fund (IMF) to spearhead discussions on the “dangerous convergence” of...

Inflation to peak in Q4, rate hike still an option

THE country’s inflation rate is expected to peak during the fourth quarter of this year, revising the earlier pronouncement of the government that inflation...

Executive action seen to halt higher oil tax

MALACAÑANG is moving to preempt a proposed Joint Resolution of Congress seeking the suspension of excise taxes on fuel products—with some lawmakers pushing for a...

Oil prices, inflation force government to slash 2018 growth outlook

THE trade blows being exchanged by the United States and China, high oil prices and slow farm growth which hastened inflation, prompted the Philippine...

Boracay Island: A tale of EOs, LOIs, presidential decrees

THE Duterte administration is eyeing the management of Boracay Island by the Department of Tourism (DOT), absent any law creating a separate development authority. Tourism...

PHL jumps 12 rungs up Global Competitiveness Index of 140 economies

MANILA has jumped 12 notches in the Global Competitiveness Index 4.0 to 56th among 140 economies on the backbone of a strong labor market...

Remittances shrink anew, 8-month total just $19.1 billion

MONEY sent by Filipino migrant workers contracted anew in August this year, reversing the growth gains seen in the previous month. The Bangko Sentral ng...

Disasters cost PHL P389 billion; recovery at P560 billion

THE Philippines incurred damage of at least P388.74 billion from disasters between 2011 and 2018, according to data presented by the National Economic and...

Now, Piñol warns of rice glut as imports to arrive at...

AGRICULTURE Secretary Emmanuel F. Piñol said on Monday that the country may have to grapple with an oversupply of rice, as the schedule of...

‘Kid-glove handling of smugglers, cartels impaired tax reform’

DEFECTS in the provisions and enforcement of the tax reform of the government have left people vulnerable to the rising cost of living, according to...

In DFA transition, ‘friends to all, enemy to none’ stays

FOREIGN Affairs Secretary Alan Peter S. Cayetano said he will relinquish his post to his incoming replacement, the country’s Permanent Representative to the United...

Jimenez quits source code review panel after laptop incident

COMMISSION on Elections (Comelec) Spokesman James B. Jimenez announced on Monday his resignation as the Focal Person of the Local Source Code Review committee of...

1st day of Boracay dry run went very well–DOT chief

BORACAY Island partially reopened on Monday to receive some guests for its 10-day dry run conducted by the interagency Task Force Boracay. Sixty-eight resorts with...

Oil firms back excise tax hike’s suspension

OIL firms gave a thumbs-up to a looming oil tax hike suspension, saying this will help soothe the plight of consumers who continue to...

Govt may suspend fuel excise tax hike for 2019

DESPITE the P40-billion revenue loss if the next round of increase in oil excise taxes is put on hold, the government remains open to...

‘Cat bond’ for disasters eyed

THE Philippines is seriously considering proposals, like the issuance of a catastrophe bond (Cat bond), that could be included in the other insurance packages...

Analysts doubt growth of 7% can be sustained

SOME analysts have raised doubts that the Philippines will be back on track next year and will sustain a 7-percent growth for next decade,...

Limiting cell site tower builders to 2 slammed

INDUSTRY stakeholders are alarmed over a proposal to limit to two the number of companies that could be authorized to build cellular site towers. In...

DTI pitches prior naming of red tape body chief

PRESIDENT Duterte has to first appoint the director general of the Anti-Red Tape Authority (Arta) before the Ease of Doing Business (EODB) law is...
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