Gov’t expects lower taxes amid pandemic
Economic managers lowered their expected collections from the government’s tax reform program this year until 2022 due to slowing demand amid a prolonged lockdown...
BSP raises P120 billion at bill auction
The Philippine central bank raised P120 billion in short-term securities on Friday due to strong demand.
In a notice posted on its website, the Bangko...
House OKs 2021 budget on final reading
Congressmen approved the P4.5-trillion national budget for next year on third and final reading in a special session on Friday after days of squabbling over the speakership.
House OKs 2021 budget on final reading
By Kyle Aristophere T. Atienza
Congressmen approved the P4.5-trillion national budget for next year on third and final reading in a special session on Friday...
Cash remittances drop anew in Aug.
CASH REMITTANCES sent by Filipino workers abroad declined in August after two straight months of recovery, as inflows from the Middle East and Japan fell amid the coronavirus pandemic.
Forex reserves surpass $100B in September
THE COUNTRY’S gross international reserves (GIR) reached a new record, breaching the $100-billion level as of end-September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.
DoLE: Firms not allowed to defer 13th month pay
THE Department of Labor and Employment (DoLE) on Thursday said companies will not be allowed to defer the distribution of the 13th month pay of its workers, even as businesses struggle amid the economic slowdown.
Half of Filipinos use illegal streaming websites — survey
NEARLY HALF (49%) of Filipinos admitted to using illegal streaming websites or torrent websites, which has hurt potential growth of subscription-based content service providers in the country, a study commissioned by the Asia Video Industry Association (AVIA) showed.
BSP sees bigger BoP surplus this year
THE Bangko Sentral ng Pilipinas (BSP) said it expects a larger balance of payments (BoP) surplus this year, with the current account seen to post a $6-billion surplus as the economy gradually recovers from the coronavirus crisis.
Dominguez says no tax hike as economy recovers
THE government is unlikely to introduce any new taxes while the economy is recovering from the coronavirus pandemic, Finance Secretary Carlos G. Dominguez III said.
Monetary chiefs say it’s too early to stop virus spending
THE WORLD’S top central banks are urging governments to put concerns about mounting debt aside for now and keep spending until the economic recovery from the coronavirus is complete.
Human capital development key to attracting US manufacturers
HUMAN CAPITAL development is a key factor for the Philippines to attract manufacturing firms that are planning to leave China, American trade and manufacturing experts said.