Go estimates travel tax removal costing P8B in foregone revenue
THE government could forgo about P8 billion annually if a proposal to abolish the travel tax goes through, Finance Secretary Frederick D. Go said.
Mr....
PEZA counting on European firms to expand after PHL signs FTA with EU
THE Philippine Economic Zone Authority (PEZA) is banking on more investment activity from European firms once the Philippines seals its free trade agreement (FTA)...
Recto promises Japanese investors more rapid gov’t decision-making, regulatory certainty
THE PHILIPPINES wants Japanese companies to deepen and expand their investment, pledging to accelerate decision-making and make rules more predictable as bilateral trade climbed...
72% of employers now seeking out candidates with proficiency in AI
ARTIFICIAL INTELLIGENCE (AI) skills are becoming a decisive factor in hiring, with 72% of Philippine companies now considering AI knowledge when recruiting, according to...
PSEi back at 6,400 level as BSP cuts rates again
PHILIPPINE STOCKS returned above the 6,400 line on Thursday as the Bangko Sentral ng Pilipinas (BSP) delivered a sixth straight rate cut to support...
Gov’t raises P107 billion from FXTNs
THE GOVERNMENT on Wednesday raised an initial P107.072 billion from its second offering of new fixed-rate Treasury notes (FXTNs) that target institutional investors.
DoE to launch auction for coal areas on Feb. 27
THE DEPARTMENT of Energy (DoE) is set to open a bid round on Feb. 27 for coal areas with verified reserves, including the area operated by the country’s largest coal miner.
Analysts say decline in share of remittances to GDP is ‘not worrisome’
THE DECREASING SHARE of overseas Filipino workers’ (OFWs) remittances in the country’s gross domestic product (GDP) signals that the Philippine economy is growing but becoming less reliant on remittances, analysts said.
Marcos admin still hopeful it can achieve PDP targets by 2028
THE MARCOS administration is still optimistic it can meet its goals under the Philippine Development Plan (PDP) even after missing its growth and fiscal...
Peso soars to near five-month high as US-Iran talks soothe sentiment
THE PESO jumped to a near five-month high against the dollar on Wednesday, supported by easing geopolitical concerns amid ongoing negotiations between the United...
Bargain hunting lifts PSEi before rate decision
STOCKS closed higher on Wednesday as investors bought cheap stocks after the market’s three-day slide and before the Bangko Sentral ng Pilipinas’ (BSP) policy...
Airlines back removal of travel tax
AIRLINE OPERATORS expressed support for the removal of the travel tax, noting how discontinuing the tax would boost passenger demand and lower the cost...