Global supply chain woes disrupt supermarket inventories
GLOBAL SUPPLY CHAIN delays have caused some shortages in supermarket inventory and price spikes, the head of an industry group said.
Philippines exits global watchdog’s dirty money ‘gray list’
The Philippines has been taken off a global watchdog’s dirty-money list, a move that could spur remittances and foreign investments in one of Asia’s...
Suspension of excise tax on fuel products is ‘inequitable’ — DoF
THE SUSPENSION of excise tax on fuel would likely improve the disposable income of wealthier households at a faster pace than others, making the tax relief inequitable, the Department of Finance (DoF) said.
Solar Philippines faces P24-B penalties over terminated RE contracts
SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy...
BSP eases rules for bank fund raising via bonds
BANKS can now raise fresh capital via corporate bonds with greater ease starting this month, as new rules do away with having to secure approval from the Bangko Sentral ng Pilipinas (BSP).
Growth goal still ‘attainable’ — DBM
THE PHILIPPINE ECONOMY can still grow within the 5.5-6.5% target this year as spending is expected to “normalize” in the fourth quarter, Department of Budget and Management (DBM)Secretary Amenah F. Pangandaman said.
World Bank projects Philippine growth above 5% until 2027
THE PHILIPPINE ECONOMY is projected to grow above 5% this year and in 2027, although governance concerns remain, the World Bank said.
The multilateral lender...
Peso to move sideways before key data releases
THE PESO could trade sideways against the dollar this week as players await the release of Philippine and US economic data.
On Friday, the local...
Export firms can ‘enhance’ operations amid ECQ
THE government is allowing export-oriented companies to boost their operations as long as they provide accommodations and shuttle service for workers during the expanded Luzon-wide lockdown.
Filipino athletes compete with coronavirus to strike gold at Tokyo Olympics
WEIGHTLIFTER Hidilyn F. Diaz, 30, is one of 19 Filipinos competing in this year’s Olympic games in Tokyo after it got canceled last year amid a coronavirus pandemic.
Exporters want BIR to repeal new VAT rule
EXPORTERS and foreign chambers are calling for the repeal of the Bureau of Internal Revenue’s (BIR) tax refund scheme for raw materials shipped outside the country, which they said would cost Philippine jobs.
PHL should focus on closing digital gap, upskilling workers
IN ORDER TO “build back better” from the impact of the coronavirus pandemic, the Philippines should focus on closing the digital gap, upgrading the education curricula, upskilling workers, and expanding investments in research and development, according to a new report by the World Economic Forum (WEF).