AGP Executive Report
Last update: 6 hours agoEconomic Strains: Philippine growth slowed to 2.1% in the third quarter as inflation stayed high; Oriental Mindoro’s rate climbed to 9.3% in October. Fuel prices may ease, though global risks and a weaker peso could blunt relief. Investment and Leadership: Investment approvals by BOI, PEZA and BCDA rose 39% to P1.4 trillion through October, even as the government reshuffled leaders at the revenue and investment agencies. Business groups urged continuity in reforms. ASEAN Summit: Manila’s Nov. 15–17 gathering is bringing traffic restrictions and lost earnings for some workers and vendors. Four ASEAN central banks, including the BSP, also agreed to promote local-currency payments for cross-border trade and investment. Tax Accountability: 1Sambayan urged the BIR to renew its demand for P203 billion in estate taxes from the Marcos heirs by Dec. 2, warning the collection period could expire.
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