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DoF chief: Strong Q3 growth meets inclusivity

By Luis Leoncio The targeted inclusive growth rate is now a reality for the Philippines after the 6.9 expansion in the gross domestic product in the third quarter as the Duterte administration further ramps up spending on infrastructure and human capital development to supercharge the economy and move closer to financial inclusion, Finance Secretary Carlos Dominguez III said.

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Airbus sells 430 planes to Indigo for $49.5-B

Dubai, United Arab Emirates—Airbus signed a $49.5-billion deal to sell 430 airplanes to the Phoenix-based private equity firm that owns Frontier Airlines, striking the European aerospace company’s biggest deal ever at the Dubai Air Show.

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IMF wants tax reforms as overheating antidote

By Luis Leoncio The International Monetary Fund (IMF) raised the possibility of the economy overheating amid the successive strong growth as the demand for goods and services may outstrip supply thus leading to higher prices.

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DBM to help in probe on Malampaya mess

By Luis Leoncio All documents needed for an impending probe on the misuse of the Malampaya Fund will be released as the government will fully cooperate with efforts to identify those responsible as a result of recent Commission on Audit (COA) findings on the irregular use of the multibillion peso fund, Budget Secretary Benjamin Diokno said.

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China to unveil 30 initiatives at Asean

By Riza Lozada Chinese Prime Minister Li Keqiang will push 30 new initiatives during the 31st Association of Southeast Asian Nations (Asean) Summit and Related Meetings slated this week.

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ADB puts in $100M to spur infra buildup

By Riza Lozada Multilateral lender Asian Development Bank (ADB) recently approved a $100 million loan to set up systems that will speed up the country’s infrastructure buildup.

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Government still intent on PPP sans subsidies – execs

By Luis Leoncio The government has assured the business sector is open to team-ups on big-ticket infrastructure under the “Build, Build, Build” program through solicited and unsolicited proposals for public-private partnerships (PPP) or joint ventures (JV) under terms that would prove most beneficial to the Filipino people.

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Senate eyes removing oil tax in TRAIN bill

The Senate will seek the scrapping of the excise tax on petroleum products under the Tax Reform Acceleration and Inclusion (TRAIN) since the proposed P6 per liter increase will prove burdensome to consumers, Senate President Pro Tempore Ralph Recto said.

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Philippines lags in Asian pace of reforms —WB poll

The Philippines slipped to 113th place out of 190 economies in the Doing Business Report 2018 of the World Bank from 99th place a year ago.

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Japan in race vs China in wooing Duterte with financial aid

At the recent summit in Tokyo between President Duterte and Prime Minister Shinzo Abe the Japanese government reaffirmed its commitment to provide economic cooperation worth 1 trillion over the next five years.

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