BIR sets higher income tax, VAT collection goals for 2024
THE BUREAU of Internal Revenue (BIR) is aiming to increase income tax and value-added tax (VAT) collections this year amid the government’s efforts to...
Remittances up by 2.7% in January
CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 2.7% year on year in January, the Bangko Sentral ng Pilipinas (BSP) said.
MIC explores investments in coconut oil mills, refineries
THE MAHARLIKA Investment Corp. (MIC) is looking into investing in the agro-industries sector, specifically coconut oil mills and refineries.
“The MIC Board approved discussions with...
Archivers make up for lost time in preserving Philippine past on film
TEDDY CO, a 64-year-old film curator, cinephile and advocate of archiving and regional cinema, helped shape Philippine film history.
External debt hits record $125.4 billion at end-2023
THE PHILIPPINES’ outstanding external debt hit a record-high $125.4 billion at the end of December, equivalent to 28.7% of gross domestic product (GDP), data...
Philippines’ budget surplus at $1.58 bln in January
MANILA - The Philippine government posted an 88 billion Philippine pesos ($1.58 billion) budget surplus in January, up 92% from a year ago, the...
Philippine c.bank sees narrower 2024, 2025 current account deficit – Reuters News
MANILA - The Philippines' current account deficit is seen narrowing to $5.8 billion in 2025, or 1.1% of gross domestic product (GDP), from a...
PHL to grow 6.4% this year — Fitch
THE PHILIPPINES is expected to be the fastest-growing economy in Southeast Asia this year, according to Fitch Ratings.
Data from Fitch Ratings’ Asia-Pacific Sovereigns Credit...
Philippines slightly improves in Human Development Index
THE PHILIPPINES jumped five spots in the latest Human Development Index, but remained one of the laggards in Southeast Asia, the United Nations Development...
FSCC keeps eye on potential spillovers from global uncertainties
THE FINANCIAL STABILITY Coordination Council (FSCC) is keeping a close eye on the possible spillover effects from global developments, Bangko Sentral ng Pilipinas (BSP)...
Gov’t faces challenges in bringing down fiscal deficit
THE GOVERNMENT might find it challenging to meet its targets in bringing down its fiscal deficit in the near term if it does not ramp up fiscal consolidation plans, analysts said.
PHL secures $4B in German pledges
GERMAN COMPANIES on Tuesday pledged $4 billion (P220 billion) worth of investments to the Philippines, President Ferdinand R. Marcos, Jr.’s office said, as the Southeast Asian nation seeks to boost economic ties with “like-minded” nations.