FDIs pierced a full-year official target to hit “a record high” last year despite falling to a five-month low in December, the Bangko Sentral reported on Monday, even as central bank data show bigger inflows elsewhere in Southeast Asia and a report of the OECD called for reforms to attract more capital.
With the TRAIN law now implemented, there is no recourse but to request Congress to file amendments to Republic Act 1169, the Charter of the PCSO, if the agency wants its lottery winning prizes to be exempted from the 20 percent tax, according to tax experts. The TRAIN law requires 20 percent tax on all PCSO lottery games prizes if the amount of the winning is above P10,000.
President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries.
Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market.
D.M. Wenceslao & Associates, Incorporated (DMWAI), the 53-year-old integrated property developer and construction company of the Wenceslao family, has filed with the Securities and Exchange Commission and the Philippine Stock Exchange applications in connection with its planned initial public offering (IPO) to raise as much as P15.5 billion.
Manufacturing output posted double-digit growth in both volume and value terms in January 2018, recovering from a series of declines in the last months of the previous year, the government reported on Tuesday.
The Philippine central bank poured cold water on the prospect of an interest rate hike, maintaining on Tuesday that annual inflation would ease to its target next year, despite the faster rate in February.