PHL eyes samurai, dollar bond sale
By Beatrice M. Laforga, Reporter
The government is looking to return to the Japanese and US bond markets later this year to raise up...
BSP sees August inflation at 2.5-3.3%
Inflation likely ranged at 2.5% to 3.3%, mainly driven by an increase in oil prices, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said...
WB investigates irregularities in Doing Business report data
The World Bank suspended the publication of its flagship Doing Business report in order to look into alleged irregularities in data submitted by some...
‘Hot money’ flees PHL for 5th month
FOREIGN PORTFOLIO investments (FPI) fled the Philippines for the fifth straight month as investor confidence remained weak amid uncertainties brought by the coronavirus disease 2019 (COVID-19) crisis.
Gov’t plans to borrow P160B in September
THE National Government is looking to raise P160 billion from the domestic market in September, after the issuance of 35-day papers was shelved as the central bank plans to offer its own securities.
Business group pushes for public transport reforms
PUBLIC TRANSPORTATION should not be suspended whenever the government implements lockdown or quarantine measures to curb the spread of the coronavirus disease 2019 (COVID-19), a business group said.
Rebound in excise tax collections seen starting 2021
THE government expects excise tax collection on goods to bounce back next year as economic recovery is seen picking up from this year’s slump.
7-month deficit exceeds 2019 record
THE National Government’s budget deficit ballooned to a record P700 billion as of end-July, as pandemic expenses continued to rise while revenues fell amid the economic slowdown.
House panel OK’s tax perks for SMC airport
THE House ways and means committee on Wednesday approved a proposal to exempt a San Miguel Corp. (SMC) subsidiary from all taxes while it is constructing the P740-billion international airport in Bulacan province.
2020 targets for BIR, BoC slashed anew
THIS YEAR’S collection targets of the government’s main revenue-generating agencies have been slashed once again, as economic activity remains sluggish due to the pandemic.
Central bank flags potential systemic risks from global recession
THE central bank vowed to ensure financial stability in the market, as it raised the possibility that “systemic risks may materialize” due to the global recession.
DPWH, DoTr budgets get big boost
THE Budget department submitted to Congress on Tuesday the P4.506-trillion spending plan for 2021, where allocations for the Public Works and Transportation departments were increased significantly as the government hopes an aggressive infrastructure push will drive post-pandemic economic recovery.