Marawi rehab, 2 power projects top Mindanao business sector’s priority list
THE BUSINESS SECTOR in Mindanao has passed a resolution listing shelters in Marawi City and two big-ticket power facilities as the top infrastructure projects that they want government to prioritize for completion.
BSP warns play-to-earn gamers on potential illicit activities
THE CENTRAL BANK warned the public that illicit financial activities may occur through “play-to-earn” online games, even as it recognized such platforms have the potential to boost financial inclusion and digital payments in the country.
August BoP surplus biggest in 4 months
The Philippines’ balance of payment position (BoP) hit $1.044 billion in August, the highest in four months, due to increased special drawing rights (SDR)...
Consumers less pessimistic in Q3 — BSP
Consumers were less pessimistic in the third quarter as more jobs opened up, but business sentiment turned sour amid a fresh surge in coronavirus...
BSP fully awards 28-day bills
The Philippine central bank fully awarded the short-term securities it sold at an auction on Friday, even as rates rose on growing inflation fears.
The...
BSP holds key rate to boost recovery
THE PHILIPPINE central bank kept the benchmark policy rate at a record low on Thursday, as it tries to boost an economy battered by coronavirus lockdowns, as it expects consumer prices to rise faster in the coming years due to low supply.
August deficit balloons on pandemic subsidies
THE NATIONAL Government’s budget deficit tripled to P120.9 billion in August from a year earlier after public spending surged due to subsidies, outpacing a muted rise in revenue amid a coronavirus pandemic, according to the Treasury bureau.
Duterte signs bill taxing offshore gaming operators
PRESIDENT Rodrigo R. Duterte has signed into law a measure that will tax Philippine offshore gaming operators, according to the presidential palace.
Marcoses here to stay as Filipinos forget lessons of martial law
NERI J. COLMENARES was 18 when he was jailed and tortured by agents of the late Philippine dictator Ferdinand E. Marcos, Sr. in 1978, six years after he placed the country under military rule.
House OK’s tax on digital services
THE HOUSE of Representatives on Tuesday evening approved a bill that would impose a 12% value-added tax (VAT) on digital transactions in the country, which would affect global tech giants such as Facebook, Inc., Netflix, Inc., and Alphabet, Inc.
ADB maintains growth outlook for Philippines
THE ASIAN Development Bank (ADB) kept its Philippine growth forecast as more signs of recovery emerged, and warned that a premature withdrawal of support may threaten an already fragile recovery.
Retail trade measure seen to hurt MSMEs
THE MEASURE that seeks to lower the minimum investment hurdle for foreign retailers to P25 million would likely bring in the competition that could damage many local small businesses, a retailers group said.