Inflation to decelerate to as much as 1.2 percent if monthly inflation expands by 0.3 percentage points until the rest of the year. BUSY.ORG

DOF exec eyes inflation to decline by 1.2%

MANILA - An official of the Department of Finance (DOF) forecast inflation to decelerate to as much as 1.2 percent this year if monthly inflation expands...

Solon wants probe into ‘looming increases’ in ATM fees

MANILA - A lawmaker has filed a House resolution seeking an investigation into “looming increases” in automated teller machine (ATM) fees after the Bangko Sentral ng...
Finance secretary Carlos Dominguez III. PCOO

Duterte’s China visit to bolster drive vs illicit cigarettes

MANILA - The Philippine government’s drive against illicit cigarette trade is seen to get a boost from the scheduled visit of President Rodrigo R. Duterte to...
A man looks at an electronic board showing currency exchange rates in Buenos Aires’ financial district, Argentina on Aug. 12, 2019. REUTERS

Macri predicts worse to come as Argentine peso, stock exchange plunge

BUENOS AIRES - Pro-business President Mauricio Macri predicted worse would follow after Argentina’s peso and the Buenos Aires stock exchange plummeted Monday following his crushing defeat by...
Prof. Camille Lopez Molina and Prof. Kevin McMIllan

USA names institute to conduct workshop on Kundiman and Lied

The University of San Agustin (USA), through the Center for Heritage and Indigenous Cultures (CHIC) under the Office of Research and Global Relations, has recently created...
The government conducted the “first live marking of petroleum” products. It aims to plug revenue leakages from oil smuggling by placing a molecular marker on imported, manufactured, and refined petroleum products such as gasoline, diesel, and kerosene. AP

Oil companies announce price rollback

MANILA - Several oil companies will cut prices of their products effective 6 a.m. today. In their respective advisories, PTT Philippines and Petro Gazz said diesel prices...
Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan on August 6, 2019. Asian shares fell on yesterday morning, while gold prices held firm as investors worried over a prolonged Sino-US trade war. REUTERS

Asian shares falter as investors worry about Sino-US trade war

SHANGHAI - Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-US trade war could tip the world and...
The Court of Tax Appeals has denied Philippine Airlines’ petition for P8.989 million in refunds or tax credit certificates. ABS-CBN NEWS

PAL loses appeal on nearly P9 million taxes

MANILA - The Court of Tax Appeals has denied Philippine Airlines’ petition for a tax refund or tax credit certificate over nearly P9 million in duties...
The Philippine Stock Exchange Index closed last week at 7,854 points, a major drop from the previous weeks’ highs, while the Philippine Peso weakened against the dollar, falling down to P52 to the greenback due to regional concerns over the Yuan and what it may do to several Asian economies. REUTERS

US-China trade war drags down Philippine market, peso

ILOILO City - The Philippine Stock Exchange Index (PSEi) closed last week at 7,854 points, a major drop from the previous weeks’ highs. The fall began...
Fitch Solutions cited the 22-month low June inflation at 2.7 percent, compared with 3.2 percent in May. It noted that the Philippine peso has stabilized and is expected to reduce import-related inflationary pressures. ALAMY

Investors look for consumer pressure ahead of next tariffs

NEW YORK City - As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of pressure on US consumers...