MAYVELIN U. CARABALLO, TMT

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Factory output — both in volume and value terms — fell anew in November as chemical goods continued to weigh on overall production. The volume of production index (VoPI) contracted by 8.1 percent year-on-year while the value of production index (VaPI) dropped 9.3 percent, the Philippine Statistics Authority (PSA) reported…

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BUDGET Secretary Benjamin Diokno put his foot down on calls to increase the salary of public school teachers, saying it was not among the priorities of the government. “The salaries alone of the teachers will take up a half a trillion. The doubling of the salary of teachers is not…

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Fiscal incentives have led to the Philippines recording the lowest collection efficiency in the region with regard to corporate income taxes, the Finance department claimed on Tuesday. In a statement, the department noted that the country — which imposes the highest corporate income tax rate in the Association of Southeast…

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ROBINSONS Bank and Pru Like UK are expecting to generate as much as P50 million in premium revenues from their bancassurance partnership in the first year of its operations. “We are expecting around P40 to P50 million in premium revenues but I am sure my branch managers can do more,”…

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Potential revenues from two packages under the Tax Reform for Acceleration and Inclusion (Train) initiative could hit P969.2 billion by the end of 2022, the Finance department said. Income from the first package — Train 1A or the just-implemented Republic Act 10963 — will account for the bulk or P786.4…

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The state of financial inclusion in the country improved as of the first half of 2017 and ongoing initiatives bode well for further gains, the Bangko Sentral reported on Monday. The number of unbanked areas as of June last year declined to 571 local government units (LGUs) from 609 in…

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The stock market halted a run of record highs on Monday as investors resorted to profit-taking, while the peso also fell given the prospect of fresh US interest rate hikes. The bellwether Philippine Stock Exchange index (PSEi) retreated by 0.28 percent or 24.88 points to close at 8,745.12. The wider…

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The Bases Conversion and Development Authority (BCDA) remitted over P5 billion in guarantee fees and dividends to the government last year, the Finance department reported on Monday. Of the P5.22 billion turned over to the Bureau of the Treasury, P4.839 billion — representing revenues generated from asset sales — will…

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Monetary authorities could finally be prompted to raise interest rates this year given a consensus view of inflation being driven by the implementation of a sweeping tax reform law. Average inflation hit 3.2 percent last year, the government reported last week, just above the mid-point of the Bangko Sentral ng…

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PHILIPPINE manufacturing output likely fell by 7 percent in November, Moody’s Analytics said ahead of the release of official data this week, dropping further from October’s 6.5-percent contraction. The forecast is a significant drop compared to the 15.1-percent growth posted a year earlier. Offical November factory data is scheduled to…

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