Philippines backs nomination of Asakawa as next ADB chief
October 1, 2019
The Philippines has expressed its support for the nomination of Special Advisor to the Japanese Prime Minister Shinzo Abe and to the Minister of Finance, Masatsugu Asakawa as the next president of the Asian Development Bank (ADB). Finance Secretary Carlos
PLDT, Globe set to implement 8-digit format to all phone numbers in Greater Metro Manila on Oct. 6
September 30, 2019
PLDT Inc and Globe Telecom said they will implement 8-digit format to all telephone numbers in the Greater Metro Manila area by October 6. PLDT Inc. and Globe Telecom Inc. said this is in compliance with the directive of the
PSE index ends lower, peso gains vs US dollar
September 30, 2019
The main Philippine share index closed lower on Monday, the last trading day for September. But the peso gained to end at P51.83 against the US dollar from P51.875 on Friday.Volume at the foreign exchange portal of the Bankers Association
DOF says CITIRA will create 1.5 million jobs
September 30, 2019
Finance Undersecretary Karl Kendrick Chua has challenged the Joint Foreign Chambers of the Philippines (JFC) to examine the proposed second package of the comprehensive tax reform program (CTRP), known as the Corporate Income Tax and Incentives Rationalization Act or CITIRA bill,
DOF unfazed in pushing for CITIRA despite PEZA “fallacies”
September 29, 2019
“There is no way we will stop fighting for fiscal incentive reform,” Department of Finance (DOF) Undersecretary and its Chief Economist Gil Beltran has said, in response to the spate of strongly worded statements made by Philippine Economic Zone Authority
Labor shortages affecting 70 percent of Japan firms
September 27, 2019
Tokyo–Labor shortages are affecting business operations at some 70 pct of Japanese companies, with firms in the countryside in particular facing a severe situation, an annual report from the labor ministry revealed Friday. The 2019 white paper on the labor
PSE ends lower, peso gains vs US dollar
September 27, 2019
The main Philippine stock index ended lower on Friday, a day after the central bank cut policy rates for the third time this year. The peso gained, finishing at P51.875 against the US dollar from P52.11 on Thursday. Volume at
Monetary Board cuts reserve requirements
September 27, 2019
The Monetary Board on Friday decided to reduce reserve requirements for universal/commercial banks, thrift banks , and rural banks by 100 basis points (or one percentage point). The reduction will be effective on the first day of the first reserve
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