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PHILIPPINE STAR/ MIGUEL DE GUZMANBy Tobias Jared TomasTHE PHILIPPINES is “likely” to achieve upper middle-income status by next year, Socioeconomic Planning Secretary Karl Kendrick T. Chua said, given the strong first-quarter print and economic reforms.“It’s likely, especially since we broadened

Bureau of Internal Revenue (BIR) staff check the income tax returns submitted by individuals and business owners at the BIR Office in Intramuros, Manila, April 18. — PHILIPPINE STAR/ RUSSELL A. PALMAPRESIDENT Rodrigo R. Duterte ordered all government agencies to

PHILIPPINE STAR/ RUSSELL A. PALMARETAIL PRICES of goods in Metro Manila grew in January at their slowest pace in six months, preliminary data from the Philippine Statistics Authority (PSA) showed.The National Capital Region’s (NCR) general retail price index (GRPI) grew

COMPANIES led by businessman Lucio L. Co reported strong profit growth in the first quarter, with his retail holding firm Cosco Capital, Inc. posting a 10.9% increase in consolidated net income to P2.7 billion.In a disclosure on Monday, Cosco Capital

PROPERTY developer Megaworld Corp. reported a 30% increase in net income attributable to parent company equity holders to P3.1 billion, calling it a “strong start” of an expected sustained performance.In a disclosure on Monday, the listed company also reported an