World Bank financing for 4Ps to accelerate poverty reduction
November 28, 2019
The World Bank’s sustained funding support for the government’s conditional cash transfer (CCT) program for the country’s poorest households will go a long way in helping the Duterte administration achieve its agenda of reducing poverty incidence to 14 percent by
PSE index up 1.68 percent
November 27, 2019
The main Philippine share index closed 1.68 percent higher on Wednesday. The peso closed at P50.80 against the US dollar from P50.90 on the previous day. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
PSE index, peso vs US dollar lower on Tuesday
November 26, 2019
The main Philippine share index ended lower while the peso slightly dipped versus the US dollar on Tuesday. The peso finished at P50.90 from P50.755. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.296
Excess rice import tariffs set aside for cash transfers to farmers
November 26, 2019
Finance Secretary Carlos Dominguez III said the excess of P10 billion collected from tariffs on rice imports and earmarked annually for the Rice Competitiveness Enhancement Fund (RCEF) will be set aside to fund a two-year unconditional cash transfer (UCT) program
IMF cuts Japan’s 2019 growth forecast to 0.8 percent
November 26, 2019
Washington–The International Monetary Fund on Monday downgraded its real-term growth forecast for the Japanese economy for 2019 to 0.8 pct from 0.9 pct as of October, reflecting the fallout from the U.S.-China trade war. In a statement to conclude its
House passes third package of Comprehensive Tax Reform Program
November 25, 2019
Voting 224 against 7 and one abstention, the House of Representatives on Monday approved on third and final reading third package of the Comprehensive Tax Reform Program (CTRP), which institute reforms in real property valuation. Lawmakers approved House Bill No.
PSE index ends lower
November 25, 2019
The main Philippine share index ended lower while the peso ended flat against the US dollar on Monday. The peso closed at P50.755 from Friday’s P50.8. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached
PSE index, peso vs dollar end flat
November 22, 2019
The main Philippine stock index and the peso closed flat on Friday. The peso settled at P50.80 from Thursday’s P50.865 against the US dollar. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $1.099 billion
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