Philippines set to take rare, top spot for IPOs in Southeast Asia
MANILA/SINGAPORE - A clutch of Philippine firms, including newly launched real estate investment trusts (REITs), could make the country Southeast Asia's biggest IPO market...
New mine revenue sharing bags final House OK, tax amnesty hurdles committee
THE HOUSE of Representatives approved three more tax reforms on separate levels as lawmakers resumed their regular session on Monday.
Government spending to soften virus blow — analysts
HIGHER government spending will probably cushion the effects of a deadly coronavirus outbreak on the Philippine economy, according to analysts.
Central bank might deliver fewer rate cuts this year
THE BANGKO SENTRAL ng Pilipinas (BPS) is expected to deliver fewer rate cuts later this year as the US Federal Reserve is likely to...
Tax amnesty deadline extended to end-June
TAXPAYERS will have until June next year to apply for the tax amnesty program on delinquencies and the Voluntary Assessment and Payment Program (VAPP).
Moody’s flags rising political risk
“POLITICAL POSITIONING” ahead of elections -- as signaled by delayed approval of the proposed 2019 national budget and several tax reforms -- could dampen Philippine growth prospects, Moody’s Investors Service said.
Gov’t closer to ‘samurai’ bond sale
THE PHILIPPINES on Tuesday sought to drum up interest in the sale of yenggdenominated bonds planned next quarter, with economic managers pitching the country’s growth story to Japanese businessmen who gathered for a briefing in Tokyo.
Gov’t all set for samurai bond sale
THE GOVERNMENT will soon proceed with its planned sale of yen-denominated bonds as it seeks to avail of favorable rates amid strong demand before the Aug. 11-Sept. 9 “ghost month” is well under way, a senior official who asked not to be identified told reporters on Tuesday.
Around 80 infrastructure projects to be financed by MIF
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Philippines is eyeing to finance 80 potential infrastructure projects through the country’s first sovereign wealth fund.
Philippines plans $500 million green bond offering
The Philippines is eyeing a $500 million green bond offer this year to fund its climate change mitigation projects, the Finance chief said.
"In the...
BSP hikes key rate on inflation risks
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday raised its key interest rate for a second straight meeting to cool inflation, which is now seen to quicken to 5% this year.
Factories seen to face challenges
BUSINESS CONDITIONS for manufacturers in the Philippines can be expected to continue “modest” improvement in the face of an escalating Sino-US trade war that weighs on global growth prospects, a Cabinet official and private sector economists said on Tuesday.