BSP sees cross-border payment connectivity in 2-3 years
CROSS-BORDER PAYMENT connectivity may be implemented in two or three years in the Philippines as it seeks to keep up with its Association of...
NGCP warns of power interruptions
THE NATIONAL Grid Corp. of the Philippines (NGCP) has warned of possible power interruptions this summer after the Energy Regulatory Commission (ERC) junked its...
FIRB moves to resolve VAT issue
THE FISCAL Incentives Review Board (FIRB) said it is fast-tracking the resolution of the issue on value-added tax (VAT) zero-rating for local purchases made by exporters.
S&P hikes PHL growth forecast
THE PHILIPPINE economy is likely to expand by 5.8% this year, although elevated inflation and higher borrowing costs may dampen growth, S&P Global Ratings said.
Central bank seen to raise rates by 25 bps in May
THE PHILIPPINE central bank is expected to raise benchmark rates by 25 basis points (bps) in May, which could mark the end of its...
Philippines may tout benchmark retail dollar bond offer in April
THE PHILIPPINES is planning a benchmark-sized retail dollar bond offer with the schedule likely to be announced next month, Finance Secretary Benjamin E. Diokno...
BSP may pause tightening — Diokno
THE BANGKO Sentral ng Pilipinas (BSP) is likely to pause its current tightening cycle in May, Finance Secretary Benjamin E. Diokno said.
NG gross borrowings down 16.5% in January
THE NATIONAL Government’s (NG) gross borrowings declined by 16.5% as of end-January, the Bureau of the Treasury (BTr) said.
Based on preliminary data from the...
Eye-watering Philippine onion prices put farmers, whole nation in a stew
AUGUST O. LUCAS, 38, traveled more than 700 kilometers for 16 hours from his hometown of Aliaga in Nueva Ecija province north of the Philippine capital to Matnog, Sorsogon southward so he could sell his onions to traders at P25 ($0.46) a kilo more.
Incentives may encourage online sellers to pay taxes, say experts
THE GOVERNMENT should upgrade its tax system and consider offering incentives to improve the collection of taxes from online sellers, experts said.
PHL eyes $2-3B retail dollar bond offer next month
The Philippine government is planning to launch a retail dollar bond offering next month, Finance Secretary Benjamin E. Diokno said.
“We plan to launch it...
BSP focusing on inflation; exchange rate not a problem
The Philippine central bank can focus on fighting inflation as the peso is not a problem, its governor said on Friday.
Robust foreign exchange inflows...