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After the Philippine economy grew faster than expected in the third quarter, the World Bank has upwardly revised its 2017 growth projection for the country to 6.7 percent.

The final version of the tax reform bill may yield only about two-thirds of the P134 billion in additional revenues originally programmed under the new measure, the Department of Finance (DOF) said yesterday.

The Bangko Sentral ng Pilipinas (BSP) decided yesterday to keep benchmark rates steady anew as inflation remains manageable.

Columns

It is with sadness that I learned of the passing of Surin from a heart attack at the age of 68.

My brother-in-law, retired UP Law Professor Carmelo V. Sison, once observed that if you want to know the birthday of the chief justice you only have to ask any of the associate justices.

Latest Business News

The stock market cheered the much awaited and highly anticipated ratification of the Duterte administration’s tax reform package.

Metro Pacific Investments Corp. (MPIC) plans to spend P30 billion for the Cebu-Cordova Link Expressway (CCLEX) which would link Cebu City to the municipality of Cordova in Mactan island.

The chairman of the board of St. Luke’s Medical Center (SLMC), Frederick Dy, recently announced the appointment of Dr. Arturo De la Peña as the new president and CEO, effective Nov. 20.

Fitch Ratings has raised the credit ratings of the country’s largest banks as well as government financial institutions after the Philippines received a credit rating upgrade on the back of the improving economy.

The Chinese government is providing 3,000 units of solar-powered LED street light and home solar power system in the provinces of Antique and Palawan as part of efforts to help the country combat climate change.

The Bureau of Customs (BOC) expects its collection to fall short of its P468 billion target for 2017.

The country’s leading business groups said they are ready to embrace the final version of the government’s first tax reform package amid their persisting apprehensions on its potential impact to the country’s competitiveness.

The Bangko Sentral ng Pilipinas (BSP) is fasttracking the two-stage evaluation of the applications of 12 virtual currency exchange operators in its bid to strengthen financial consumer protection.

The Department of Justice (DOJ) has indicted businessman George Sycip and four other executives of tuna canning firm Alliance Select Foods International Inc. (ASFII) for refusing to open their corporate records to shareholders.

The consortium of local firm Megawide Construction Corp. and GMR Infrastructure Ltd. of India is the frontrunner to bag the contract for the design, engineering and construction of the new passenger terminal building in Clark Airport after it submitted the lowest bid among five participants yesterday.

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