PEZA taps Concentrix to enhance ease of doing business in ecozones
THE Philippine Economic Zone Authority (PEZA) said it has engaged Concentrix CVG Philippines, Inc. to help improve the ease of doing business in economic...
Survival fund approves nearly P100M worth of projects
THE Department of Finance (DoF) said P99.68 million worth of projects to address climate vulnerabilities were approved by the People’s Survival Fund (PSF) Board.
In...
PHL eyes zero tariffs on some US goods
THE PHILIPPINES is open to lowering duties on selected imports from the US to zero as part of tariff negotiations with Washington, Finance Secretary Ralph G. Recto said.
US tax to cut PHL remittance growth
THE UNITED STATES’ remittance tax could trim the Philippines’ remittance growth by 0.5 percentage point (ppt), the Bangko Sentral ng Pilipinas (BSP) said.https://www.bworldonline.com/top-stories/2024/08/30/616982/govt-raises-2-5b-from-global-bonds/
External debt service burden rises to nearly $5B at end-April
THE PHILIPPINES’ external debt service burden rose to nearly $5 billion at end-April due to higher amortization payments, preliminary data from the Bangko Sentral...
Peso may move sideways amid trade concerns
THE PESO could move sideways against the dollar this week as the market awaits developments in the United States’ negotiations with its trading partners...
PSEi seen range-bound with PHL-US talks in focus
PHILIPPINE shares may move sideways this week amid a lack of fresh leads and as the market awaits updates on President Ferdinand R. Marcos,...
Doubts raised about proposed BSP curbs on online gambling
THE proposed rules floated by the Bangko Sentral ng Pilipinas (BSP) to regulate the participation of payments services in online gambling are unlikely to change problematic behavior among gamblers, according to a senior lawyer.
BIR on track to hit P3.2-T collection target
THE Bureau of Internal Revenue (BIR) said it is on pace to achieve its P3.2-trillion tax collection target for 2025 after approaching the halfway mark in the first six months.
US farm goods access seen as main sticking point in PHL tariff negotiations
THE US government’s main concern in tariff negotiations with the Philippines is market access for its agricultural commodities, while digital services taxes (DSTs), which have featured in other trading partners’ negotiating strategies, may be less of a concern, analysts said.
Employers hope Marcos rules out legislated wage hikes in SONA
THE Employers Confederation of the Philippines (ECoP) is hoping that President Ferdinand R. Marcos, Jr. rejects legislated wage hikes when he delivers his fourth...
BIR raises floor price for cigarettes, vape products
THE Bureau of Internal Revenue (BIR) said it increased the floor price for cigarettes and vape products.
In a revenue regulation released on July 18, the...