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Source: BSP Consumer Expectations Survey for Q4 Filipino households continued to show strong optimism in the lastest central bank survey, pushing the index for the fourth quarter of 2016 up to an all-time high on a generally positive perception of the overall condition of the economy, household finances and household…

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INDUSTRIAL output surged in October from a year earlier, boosted by petroleum products, the latest Monthly Integrated Survey of Selected Industries (MISSI) released by the Philippine Statistics Authority (PSA) on Friday showed. Compared with September, the manufacturing sector grew at a slightly slower pace. IHS Markit chief economist Rajiv Biswas…

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An economics professor said the existing two-tier excise tax system for cigarettes must be maintained to preserve the government’s revenue collection. University of the Philippines (UP)-Manila economics professor Dr. Ernesto Gonzales said there is a need to modify the unitary tax system into a two-tier approach to preserve revenues derived…

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THE Federation of Philippine Industries (FPI), which is composed of 34 industry associations and 120 corporation manufacturing members, said on Friday it supports the Department of Energy’s (DOE) bid for a flexible power generation mix in the country. “Secretary Cusi’s pronouncements are consistent with FPI’s stand on certain issues, especially…

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THE Philippine Stock Exchange (PSE) sees huge potential in more small and medium enterprises (SMEs) listing on the local bourse to raise funds to grow their businesses. During the Pilipinas Conference on Thursday, PSE President Hans Sicat said the PSE is currently conducting a “mentoring system” in partnership with the…

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LISTED DoubleDragon Properties Corporation is set to issue P5.3 billion worth of retail bonds, higher than its P5 billion base offer, amid strong demand. In a disclosure to the Philippine Stock Exchange on Friday, DoubleDragon said it decided to exercise an additional P300 million from the oversubscription option of its…

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