The Daily Manila Shimbun

 

Dominguez sees 2017 GDP growth of 6.5-7%

January 30, 2017

A robust domestic economy with a healthy foreign exchange buffer, a strong banking system and a young, educated work force are among the key factors sustaining the Philippines’ GDP growth of 6.5 to 7 percent in 2017, according to Finance

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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

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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

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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

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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

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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

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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

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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

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