PHL consumer demand seen to remain muted

DOMESTIC DEMAND in the Philippines and other emerging Asian economies is expected to remain muted amid a high interest rate environment, S&P Global Ratings...

PCCI warns sudden, haphazard closure of POGOs may lead to ‘massive’ job losses

THE PHILIPPINE Chamber of Commerce and Industry (PCCI) warned that the sudden closure of Philippine Offshore Gaming Operators (POGOs) in the country could cause...

SEC to share corporate data with BIR

THE SECURITIES and Exchange Commission (SEC) will start sharing its data with the Bureau of Internal Revenue (BIR) to help the government improve tax...

ADB keeps PHL growth forecasts unchanged

THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift...

BSP may impose up to P1-M fine for violations of foreign exchange rules

THE BANGKO Sentral ng Pilipinas (BSP) has approved amendments to the reporting guidelines for foreign exchange (FX) transactions, including the imposition of fines up...

PEZA still confident it can meet P200-B investment goal

THE PHILIPPINE Economic Zone Authority (PEZA) is still hopeful it could approve at least P200 billion worth of investments this year, despite the steep...

AMRO trims PHL growth forecasts

THE ASEAN+3 Macroeconomic Research Office (AMRO) trimmed its Philippine economic growth forecast for this year and in 2025, amid slowing external demand. In its latest...

Philippines likely to post one of the fastest growth rates in Asia this year,...

THE PHILIPPINES will likely post the second-fastest growth in Asia this year and in 2025, the International Monetary Fund (IMF) said. In its latest World...

BIR collection of withholding tax from online sellers starts

THE BUREAU of Internal Revenue (BIR) on Monday started collecting a withholding tax on online platforms and sellers.

BoI says investment approvals may hit P1.6T this year

APPROVED investment pledges may hit P1.6 trillion this year, amid expectations of higher inflows of foreign direct investments (FDIs) and the pipeline of green...

Fastest in five months: Cash remittances jump by 3.6% in May — BSP

MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Meralco rates up by P2 per kWh in July as power costs ‘normalize’

HOUSEHOLDS SERVED by Manila Electric Co. (Meralco) will face higher power bills this month as rates go up by more than P2 per kilowatt-hour (kWh) due to a normalization in power costs.