DOF addresses Japanese concerns over VAT refund claims
January 29, 2017
The Department of Finance has issued a new set of revenue regulations for value added tax (VAT) credit or refund claims to address the concerns of foreign investors, particularly by the Japanese. In a statement on Sunday, the DOF said
Stocks with slim gains on Friday, a day after boosted by good growth numbers
January 27, 2017
The Philippine Stock Exchange index closed 1.03 points higher to 7,333.67. Volume was lower than the previous day with turnover reaching 1.62 billion shares worth P5.13 billion. On Thursday, volume was 2.70 billion shares valued at P7.02 billion. Foreign buying
Fuel tax adjustments to stop subsidizing rich, says finance department
January 27, 2017
Proposed adjustments to oil excise tax under the tax reform bill aim to stop subsidies on the fuel consumption of rich households and channel would-be savings to the government’s unprecedented infrastructure program that would create more jobs, boost productivity and
Philippines proposes 12 priority infra projects for Chinese financing, feasibility study
January 27, 2017
Three large-scale infrastructure projects have been presented by Manila to Beijing for possible loan financing, while nine were submitted for feasibility study support during the concluded economic mission to China of a high-level delegation led by Finance Secretary Carlos Dominguez
Stocks, peso lose momentum from GDP figures
January 26, 2017
Stocks lost their initial rally after the Philippines announced good growth figures as the main index closed with slim gains on Thursday. The Philippine Stock Exchange index ended 9.28 points higher to end at 7, 332.64. It surged more than
Philippines may send high-level economic team to Japan
January 26, 2017
The Philippine government may send a high-level delegation to Japan to follow up on the promised one trillion yen assistance made by Prime Minister Shinzo Abe during his recent trip to the country, an official said on Thursday. National Economic
Inclusive growth agenda on track with 6.8% GDP-DOF
January 26, 2017
Finance Secretary Carlos Dominguez III said the 6.8 percent growth in gross domestic product for 2016 points to a domestic economy in “pretty good shape” and well on its way to sustaining its growth momentum over the medium term, on
Stocks lower, peso unchanged
January 25, 2017
Stocks closed lower while the peso remained unchanged on Wednesday. The Philippine Stock Exchange index ended at 7,323.26, down 47.29 points. Transactions were lower with volume amounting to 930.11 million shares worth P5.46 billion. On Tuesday, trades were 1.24 billion
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