Gov’t to sell at least P30B in RTBs
THE Bureau of the Treasury (BTr) is looking to raise at least P30 billion via the issuance of retail treasury bonds (RTB) starting Tuesday, Jan. 28.
BSP: Inflation likely to stay within target range until 2021
INFLATION is likely to settle within the midpoint of the central bank’s target range this year until 2021, with risks tilting slightly upward, according to officials from the Bangko Sentral ng Pilipinas (BSP).
Inflation for poor households eases to two-year low in 2019
THE year 2019 saw inflation as experienced by low-income families fall to its lowest level in two years despite picking up in December, the Philippine Statistics Authority (PSA) reported on Friday.
DoE and NDRRMC coordinating power needs in volcano-affected areas
THE Department of Energy (DoE) is coordinating with the National Disaster Risk Reduction and Management Council on controlling the electricity supply in the immediate vicinity of Taal volcano in case of a hazardous eruption.
LGUs allow limited access to Taal volcano-affected areas
SOME local government units in areas affected by the Taal volcano eruption allowed their residents to go home on Friday to feed their livestock, amid the seeming decrease in Taal Volcano’s activity this week.
BIR suspends tax deadline in Batangas due to Taal eruption
THE Bureau of Internal Revenue (BIR) has suspended the deadlines of filing and payment of tax returns in Batangas to provide relief to the residents affected by the eruption of Taal Volcano, until the situation returns to normal.
Fitch Solutions raises 2020 growth forecast to 6.3%
FITCH Solutions Macro Research has upwardly revised its 2020 gross domestic product (GDP) growth forecast for the Philippines, citing combined fiscal and monetary stimulus paired with better external demand and base effects which could help the country rebound from the less than six percent growth seen in 2019.
DA eyes auction system for commodity imports
THE DEPARTMENT of Agriculture (DA) is now studying following an auction system starting with sugar to ensure transparency in the country’s import system.
Philippines joins ASEAN Single Window
THE PHILIPPINES has officially joined the ASEAN Single Window (ASW) and went live last Dec. 30 via its three pilot ports, the Department of Finance (DoF) said.
Jollibee completes $600M bond sale
JOLLIBEE Foods Corp. (JFC) has completed its dollar bond market debut with the issuance of $600-million guaranteed senior perpetual capital securities by its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL).
Airlines ordered to cancel PHL flights to and from Wuhan
THE Civil Aeronautics Board (CAB) has ordered the suspension of all flights linking Wuhan, China and the Philippines to protect the country from the spread of the new flu-like virus.
CHED chairman welcomes review of UP-Ayala lease contract
THE Commission on Higher Education (CHED) welcomed the government’s review of Ayala Land, Inc.’s (ALI) contract to develop a property of the University of the Philippines (UP) in Diliman, Quezon City.