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Neda downgrades growth estimate due to Yolanda

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neda logo

The Philippine economy could grow by a much slower pace of 4.1 percent in the fourth quarter as a result of the impact of Supertyphoon Yolanda, the National Economic and Development Authority said in a statement Friday.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

For PH, US debt deal offers little comfort

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House Democrats rally behind Minority Leader Nancy Pelosi, D-California, center, as they tell the Republican majority they want a vote on reopening the government without clamping any restrictions on President Barack Obama's health care law, at the Capitol in Washington, Wednesday, Oct. 2, 2013. Although the US Congress narrowly averted a disaster that would have sent the global economy on a downward spiral, the Philippines’ top economic managers said that the global economy was not out of the woods yet. AP PHOTO/J. SCOTT APPLEWHITE

The United States Congress narrowly averted a disaster that would have sent the global economy on a downward spiral when it concluded a short-term deal to pay for the resumption of public services, allowing the US to avoid a debt default.

Posted: October 18th, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

GDP growth of over 7% seen for 3rd quarter

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AP FILE PHOTO

The Philippine economy is expected to have grown by more than 7 percent in the third quarter of the year compared with the same period last year, the government’s chief economist said Tuesday.

Posted: October 1st, 2013 in Latest Business Stories | Read More »

PH economy grows by 7.5% in second quarter

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PSE index as of August 29, 2013 03:46:00 PM

The Philippine economy grew by 7.5 percent year on year in the second quarter, staying on course to surpass the government’s full-year target.

Posted: August 29th, 2013 in Latest Business Stories,Stocks | Read More »

Pawnshops are next BIR targets — Purisima

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The Bureau of Internal Revenue is to investigate tax evasion in the pawnshop industry in light of statistics showing more than 1,000 pawnshops were not filing income tax returns at all, the Department of Finance said Tuesday.

Posted: August 6th, 2013 in Latest Business Stories | Read More »

BIR commits to tax collection of P1.6 trillion by 2015

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BIR Commissioner Kim Jacinto-Henares. INQUIRER FILE PHOTO

Revenue Commissioner Kim Henares said Friday that the Bureau of Internal Revenue would increase annual tax collection to P1.6 trillion by 2015, double that of 2010.

Posted: August 2nd, 2013 in Latest Business Stories | Read More »

Landbank’s first lady head is a ballroom dancer

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LANDBANK president Gilda Pico. PHOTO BY RAFFY LERMA

Looks indeed can be deceiving. Judging from her façade alone, one would think that Land Bank of the Philippines President Gilda Pico is stern, stiff, and all work. But according to people who personally know her, Gilda actually has a soft heart for employees and is capable of loosening up as proven by her penchant for ballroom dancing.

Posted: July 20th, 2013 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Inflation remained weak at 2.6% in May

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The increase in consumer prices accelerated in January to its fastest pace in two years due to a weakening peso and the spillover effects of last year’s natural calamity on supply of goods.  AFP FILE PHOTO

Consumer prices remained tame in May despite a robustly growing economy, with the government optimistic that the favorable combination of modest inflation and brisk economic expansion will be sustained.

Posted: June 6th, 2013 in Editor's Pick,Headlines | Read More »

Banks to defy Comelec’s ‘money ban’

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FILE PHOTO

The Bankers Association of the Philippines said Wednesday its members will not comply with the Comelec’s “money ban,” which the group said would be disruptive to business and commercial transactions within the economy.

Posted: May 8th, 2013 in Latest Business Stories | Read More »

US economist hails PH success story

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Visiting American economist Nouriel Roubini hailed the Philippines as an “economic success,” citing the country’s potential to move toward a higher growth rate of at least 7 percent a year.

Posted: January 31st, 2013 in Latest Business Stories | Read More »

Philippines gets credit upgrade from Moody’s

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AFP PHOTO

An international agency has raised the credit rating of the Philippines from two notches to just one notch below investment grade, a positive development for the country amid global economic woes.

Posted: October 30th, 2012 in Headlines,Latest Business Stories | Read More »

TIN application will be online by 2013, says Henares

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BIR Commissioner Kim Jacinto-Henares. INQUIRER FILE PHOTO

Individuals may already apply for tax identification numbers (TINs) online by 2013, BIR Commissioner Kim Henares said during the Philippine Economic Briefing held Monday at the Philippine International Convention Center.

Posted: September 17th, 2012 in Latest Business Stories | Read More »

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