‘Household spending to bounce back in 2021’

Consumer spending in the Philippines is seen to recover in 2021 after posting subdued growth this year, according to a Fitch Group unit. In a report on Friday, Fitch Solutions said it expected household spending to start rebounding next year by rising by 5.7 percent year-on-year, a big improvement from the 8-percent contraction it forecastContinue reading “‘Household spending to bounce back in 2021’”

BIR welcomes DoJ probe

Bureau of Internal Revenue (BIR) Commissioner Caesar Dulat said his agency welcomes its inclusion in the anti-corruption investigation to be conducted by the Department of Justice (DoJ). “It (anti-graft probe) is a welcome move as it will assist us with our continuing effort to rid BIR of the remaining ‘bad eggs,’ the officials and employees and examinersContinue reading “BIR welcomes DoJ probe”

PSEi halts slide on US markets’ rally

The stock market snapped its three-day losing streak on Friday on the back of Wall Street’s gains and as the United States economy posted surprising growth in the third quarter. The benchmark Philippine Stock Exchange index (PSEi) climbed by 1.19 percent or 74.61 points to end at 6,324 while the wider All Shares gained 0.71Continue reading “PSEi halts slide on US markets’ rally”

Banks see stricter credit rules in Q4

The country’s banks expect stricter credit rules on loans to businesses and individual borrowers in the fourth quarter, according to the Bangko Sentral ng Pilipinas (BSP). Results of the Third Quarter 2020 Senior Bank Loan Officers’ Survey indicated a net tightening of overall credit standards for loans to enterprises and households for October to DecemberContinue reading “Banks see stricter credit rules in Q4”

Inflation change unlikely in Oct

The Bangko Sentral ng Pilipinas (BSP) said on Friday that the country’s headline inflation likely remained steady at 2.3 percent on higher power, oil and food prices. In a statement, BSP Governor Benjamin Diokno said October’s point inflation estimate was still within the 1.9-to-2.7-percent forecast range of the central bank’s Department of Economic Research. TheContinue reading “Inflation change unlikely in Oct”

THE us of a’s pinnacle

THE us of a’s pinnacle plastics, packaging, and printing brands will collect for the twentieth Pack Print Plas (PPP) Philippines 2016 from October 6 to 8 on the SMX Convention Center Manila, SM Mall of Asia Complex in Pasay City. “We are extra than grateful for achieving this milestone for PPP,” said Jing Lagandaon, COOContinue reading “THE us of a’s pinnacle”

The DOE professional

The DOE professional stated the corporation’s legal function is also anchored below PD 1459, Section 1 (a), which “presents that the proportion of the government consisting of all taxes shall no longer be much less than 60 percentage of the difference between the gross profits and the sum of the running prices and such allowancesContinue reading “The DOE professional”

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