The Bangko Sentral ng Pilipinas continues to seek the authority to issue and trade its own bonds which it says will boost its own open market operations and help it better manage liquidity in the banking system.
Just a few years ago, the government was worried sick of a “potential” power shortage in Western Visayas, particularly Iloilo province. Without much ado, the government quickly achieved an almost impossible feat. The government simply struck a deal with a publicly listed company, which made the company super-rich—to the tune of hundreds of millions [...]
An organization of electric vehicle industry players in the country on Tuesday urged both houses of Congress to push for the enactment of a unified version of their respective Alternative Fuel Vehicles (AFV) bills into law.
The country’s mining industry remains in limbo as businessmen and potential investors await the new mining law to be passed by Congress, according to the Chamber of Mines of the Philippines.
US President Barack Obama was set to make a televised statement within minutes on Tuesday, after Congress finally passed a bill to avert a “fiscal cliff” budget crisis.
Legislation to block the “fiscal cliff” is headed to the White House for President Barack Obama’s signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.
It’s the scenario that’s been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year’s Day. Their stalemate triggers sharp tax increases and spending cuts. Those measures shrink consumer spending, stifle job growth, topple stock prices and push the economy off a “fiscal cliff” and into recession.
FUNDS for key infrastructure projects and social services under the 2013 national budget are expected to be released as early as Jan. 2 after Congress’ bicameral committee approved last Wednesday the P2-trillion budget for next year.
Only the earmarking of the revenues from the sin tax bill is left to be discussed in the bicameral conference after its members concluded deliberations on tax rates Thursday night.
Partylist lawmakers on Thursday lambasted how growth in the Philippine economy was not being felt by the poor. Reacting to the 7.1 percent third quarter growth of the economy, Bayan Muna Partylist Representative Neri Colmenares asked why then there was still a high poverty incidence if the economy was doing well.
HEALTH ADVOCATES rejoiced this week with the expeditious passage of the “sin tax” bill in the Senate. President Aquino had earlier certified it as an urgent bill due to “public necessity” to curb harmful cigarette and excessive alcohol consumption.
Lawmakers on Tuesday urged the public to buy local goods instead of imported items especially this Christmas season, when hordes of shoppers troop to malls and other shopping areas to hunt for the best bargains.
