The Manila Times

Tax reform news could lift stocks

- REICELENE JOY N. IGNACIO

POSITIVE news about the government’s tax reform market higher this week, analysts said.

“The market right now is on its way up because volatility has been low. The investing public is look Summit Securities President Harry Liu said.

“It’s on an uptrend, basically brought about by tax reform. This tax reform is needed and if drafted properly, it will bring economic progress to the country,” Liu said.

of the tax reform bill, which will now be debated by the entire chamber. The House of Representa­tives passed its own measure earlier this year and the government hopes that a reconciled bill will be signed into law before the year ends.

a move to mining and oil assets.

Developmen­ts after Pyongyang threatened to test - sions, would be among the wildcards to “watch out

The benchmark index, which recently hit successive all-time highs, fell by 0.07 percent or 5.59 points also fell, by 0.14 percent or 6.61 points to 4,878.39.

Newspapers in English

Newspapers from Philippines