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(Eagle News)–Senator Sonny Angara urged the country’s economic managers to ensure inflation will go down and that Filipinos will be able to get their support from the government before deciding to push through with the second round of excise tax hike on petroleum products. “We recognize that international prices of petroleum have been going down and will continue to decline in 2019. This led to seven consecutive weeks of price rollbacks, with pump prices of […]
(Reuters) – Japanese stocks scaled seven-year highs on Wednesday on growing expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile recovery, and call a snap election to bolster his political standing. Equity markets in the rest of Asia moved little after a flat close in a holiday-thinned Wall Street session, with MSCI’s broadest index of Asia-Pacific shares outside Japan off just 0.1 percent in early trade. Japan’s Nikkei […]
(Reuters) – The record 19.1 percent month-on-month rise in core orders, a leading indicator of capital spending in the coming six to nine months, blew past a 6.0 percent gain forecast by economists in a Reuters poll. Companies surveyed by the Cabinet Office forecast that core orders will rise 0.4 percent in April-June from the previous quarter, which would mark the fifth straight quarter of gains. In January-March, core orders rose 4.2 percent, the data […]
The Supreme Court issued a temporary restraining order against the collection of garbage fee and the ten percent hike on property tax on Quezon City residents. Supreme Court Spokesman Theodore Te said that the highest court in the land issued a temporary restraining order in favor of a petition submitted by a certain Jose Ferrer, a resident of Kamias, Quezon City. In his petition, Ferrer alleged that the garbage fee as well as the 10% […]
