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Local banks continued to tighten their credit standards for real estate loans to corporations in the fourth quarter of 2017, results of a Bangko Sentral ng Pilipinas (BSP) survey showed.

Volume of cargo at the country’s ports registered flat growth from January to November last year, according to the Philippine Ports Authority.

The stock market may finally breach the 9,000 mark soon following the strong performance of the benchmark index in the latter part of last week.


Last week, the Department of Finance (DOF) submitted the second package of the Duterte administration’s comprehensive tax reform program to Congress. The second tranche of tax reform is envisioned to be revenue neutral as it aims to lower corporate income taxes and rationalize fiscal incentives.

The start of a new year is a good way to see where we are as far as pending government promises and projects are concerned. There are plus and minuses… developments that give us hope and those that make us more cynical.

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Several banks announced that they would close operations in view of the two-day holiday in observance of All Saint’s Day.

The local operations of Japanese convenience store chain FamilyMart will soon be under the helm of businessman Dennis Uy after his retail fuel business, Phoenix Petroleum Philippines Inc., decided to acquire the convenience store chain’s entire stake from its current owners.

Local stocks continued their upswing yesterday, buoyed by Wall Street rally.

The Bureau of Internal Revenue collected P17.7 billion in excise taxes in September, up 12 percent from P15.67 billion in the same month in 2016, the Department of Finance reported yesterday.

The Office of the Executive Secretary has called for cooperation and proper coordination among involved agencies to address the delays in the proclamation of new economic zones that have resulted in applications piling up at the Office of the President.

Inflation likely stayed above three percent in October due to rising pump prices of petroleum products, higher utility rates and the weak peso.

Listed BDO Unibank Inc. recorded a 5.7 percent rise in earnings in the first nine months on the back of the sustained growth in core lending, deposit-taking and fee-based businesses.

Listed International Container Terminal Services Inc. has completed its acquisition of a 35 percent stake in Manila North Harbor Port Inc.

The government is planning to issue Samurai-bonds or yen-denominated securities in 2018, the Department of Finance (DOF) said over the weekend.

Homegrown brands Oishi and Zest-O continue to strengthen their international footprint with billions worth of investments abroad.


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