Retailers see VAT refund enhancing PHL appeal as shopping destination
THE PHILIPPINES must keep pace with the rest of the region in offering an attractive shopping experience to visitors, an appeal than can be enhanced with value-added tax (VAT) refunds, the retail industry said.
Legislators signal readiness to raise agri budget by P88 billion
LEGISLATORS said on Monday they are prepared to raise the agriculture budget for 2025 by as much as P88 billion, saying the government should...
Peso weakens on geopolitical concerns, policy easing bets
THE PESO inched down against the dollar on Monday amid renewed geopolitical concerns and market caution ahead of the Bangko Sentral ng Pilipinas’ (BSP)...
PSEi drops in cautious trade ahead of BSP review
PHILIPPINE SHARES closed in the red on Monday as investors stayed on the sidelines ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting...
Poll: BSP to cut rates by 25 bps on Aug. 15
THE BANGKO SENTRAL ng Pilipinas (BSP) may cut rates for the first time in nearly four years at its policy-setting meeting this week, according to a majority of analysts polled by BusinessWorld.
NG debt service bill drops by 25% in June
THE NATIONAL Government’s (NG) debt service bill fell by 25.25% in June as amortization payments declined, the Bureau of the Treasury (BTr) said.
Philippine property developers unfazed by gov’t ban on POGOs
LOCAL PROPERTY DEVELOPERS are unfazed by the government’s ban on Philippine offshore gaming operators (POGO), saying that it has minimum or no effect on their office and residential businesses.
Peso may be range-bound before BSP meeting
THE PESO may be range-bound against the dollar this week as the market awaits the Philippine central bank’s policy meeting.
The local unit closed at...
Stocks to move sideways before BSP rate decision
PHILIPPINE STOCKS may move sideways this week as the market awaits the Bangko Sentral ng Pilipinas’ (BSP) policy meeting on Thursday, with a rate...
Sugar imports intended to offset cane crop losses caused by El Niño
THE government’s decision to import sugar during the milling offseason is intended to keep supply stable after El Niño damaged the sugarcane crop, sugar...
PHL seen as potential logistics growth market
THE PHILIPPINES is deemed a potential growth market for logistics companies looking to expand in response to growth in international trade, US supply chain services company C.H. Robinson said.
12 key Luzon Corridor works expected to cost P2.13T — NEDA
TWELVE core infrastructure projects that will develop the Luzon Economic Corridor are expected to cost P2.13 trillion, the National Economic and Development Authority (NEDA)...