BSP to develop loan application form for MSMEs
By Luz Wendy T. Noble, Reporter
The central bank on Friday unveiled projects that will expand credit accessibility for small businesses next year, including a...
AMLC wants power to issue subpoenas
THE Anti-Money Laundering Council (AMLC) is seeking to have the power to issue subpoenas, as part of its efforts to go after financial crimes.
Experts caution as Duterte pushes shift to gross-based corporate income tax by 2022
PRESIDENT Rodrigo R. Duterte wants a shift to gross earnings as base for businesses’ income tax, but experts were cautious, saying such a base may make the tax simpler to enforce but unfair.
PHL manufacturing output growth hits 10-month high in May
MANUFACTURING OUTPUT increased for a second straight month in May at its fastest pace in 10 months, driven by food products, the Philippine Statistics...
Moody’s sees second-quarter economic growth at 6.8%
GROSS domestic product (GDP) growth likely raced to 6.8% last quarter, Moody’s Analytics said on Friday, baring an estimate that -- if realized --...
Finance dep’t touts sustained fiscal performance as of May
THE GOVERNMENT’S “impressive” fiscal performance was sustained in May, the Finance chief said, adding that this showed successful implementation of Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law.
Remittances slump may continue through 2021 as OFWs face layoffs
CASH REMITTANCES may continue to decline through 2021, as more overseas Filipino workers (OFWs) are expected to lose their jobs.
Vehicle sales may top 500,000 next year as interest rates go down
AUTOMOTIVE SALES may hit 500,000 units next year as lower interest rates and upcoming elections spur economic activity, according to the Federation of Automotive Industries of the Philippines, Inc.
Philippine central bank signals more rate cuts ahead
CEBU, Philippines - The Philippine central bank is "still in the easing cycle" and so more interest rate cuts can be expected at upcoming...
PHL economy poised to sustain growth momentum
By Melissa Luz T. Lopez, Senior Reporter
THE Philippine economy will maintain an above-6% expansion in 2018 supported by “broad-based” growth drivers, a local think...
NG debt hits record high P13.7T in January
THE NATIONAL Government’s (NG) outstanding debt hit a record high of P13.698 trillion at the end of January as the government ramped up domestic and external borrowings, the Bureau of the Treasury (BTr) said on Tuesday.
Pernia sees 2020 economic growth hitting low-end of target
SOCIOECONOMIC Planning Secretary Ernesto M. Pernia remained confident that the Philippine economy will rebound and hit the low-end of the government’s 6.5-7.5% target, despite the downside risks arising from the ongoing coronavirus disease 2019 (COVID-19) outbreak and last month’s Taal Volcano eruption.