Two Hikes for Policy Rates Foreseen This 2018

Policy rates are foreseen to be increased by the BSP by 50 basis points (bps) this year because of the inflation hike. Two rate hikes are expected to happen: The first hike might happen in March and the second in June.

Investment Pledges by Foreign Firms in 2017 Dropped by 51.8%

The Philippine Statistics Authority reported that the investment pledges of foreign firms incurred a double-digit decrease in 2017. The total amount for last year was lower by 51.8 percent, resulting to 105.6 billion pesos total, compared to the 219 billion pesos for 2016.

TRAIN Act May Incur Inflation Hike, According to DOF

The Department of Finance (DOF) said that the recently imposed law, the Tax Reform for Acceleration and Inclusion (TRAIN) Act, may result in inflation hike during its first year of implementation by 0.7 percent points. This level, however, is still considered viable and minimal.

Oil Companies Have Been Cleared of Pricing Violations

Oil companies have been cleared by the Department of Energy. Previously, it was reported that several oil firms increased their prices even before the implementation of the TRAIN Act last month. There are, however, three gas retailers that have violated the administrative rules.

Philippines’s Metal Productions Moved to P109B in 2017

According to the Mines and Geosciences Bureau (MGB), the Philippines's metal production gradually moved up to 109 billion pesos last year by 6 percent after a strong demand for and a better trend in prices of metals in the world. The value from last year was higher compared to...

Philippines Ranked as One of the Lowest in LTE Speed and Availability

A February 2018 report showed that the Philippines ranked 75th among 88 countries regarding LTE availability and 85th regarding LTE speed.

SMPH Recorded a 16% Net Profit for 2017

SM Prime Holdings, Inc. (SMPH) gathered a 16 percent increase in the company's net profit resulting to 27.6 billion pesos for 2017.

ICBC, World’s Largest Bank, to Set Up a Branch in the Philippines

The Industrial and Commercial Bank of China (ICBC), the world's largest bank in terms of assets, will open up their branch in the Philippines.

SharePHIL Requests for Investigation Against Calata Officials

SharePHIL requested the Securities and Exchange Commission to run an investigation against Calata Corporation's officials regarding their stock market transactions.

Philippine’s Foreign Portfolio Investment Produced $162 Million in January

From the data released by the BSP, the foreign portfolio investment maintained its flow in the Philippines. The country's net inflow produced 162.16 million dollars marking its highest in the previous month.

Remittances Surpassed Target Growth to 31.3 Billion Dollars in 2017

As the amount of money sent by the Filipino workers abroad continues to grow, remittances surpassed the target growth hitting 31.3 billion dollars in 2017.

Ayala Land, Inc. Allots 110.8 Billion Pesos for Expenditures

Ayala Land Incorporated allots 110.8 billion pesos for its capital expenditures for this year.

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