DoF finalizing new taxes on ‘sin’ products
By Melissa Luz T. Lopez, Senior Reporter
THE Department of Finance (DoF) is finalizing proposals for a fresh round of tax increases on alcoholic drinks...
BSP cuts reserve requirement further
By Melissa Luz T. Lopez
Senior Reporter
THE BANGKO SENTRAL ng Pilipinas (BSP) on Thursday announced another percentage point cut in bank reserves, marking the second...
FMIC, UA&P cite need for another rate hike
MONTHLY INFLATION will likely ease next semester to return within target, but another rate hike from the central bank will be needed to keep...
E-commerce growth expected to drive more brick-and-mortar businesses to the Philippines
By Krista Angela M. Montealegre
National Correspondent
EXPECT more global brands to find their way to Philippine shores, as traditional brick-and-mortar stores struggle in more advanced...
PHL competitiveness falls most in Asia
By Elijah Joseph C. Tubayan
Reporter
NOTWITHSTANDING relatively robust growth so far, the Philippine economy’s competitiveness ranking suffered the biggest drop in Asia over snags in...
Dirty money watchdog expands monitoring
FUND managers, jewelry dealers, lawyers and accountants will soon have to register with the Anti-Money Laundering Council (AMLC) and submit client data, as the...
Faster spending growth widens 4-month deficit
THE GOVERNMENT’S deficit grew nearly fourfold in the four months to April from a year ago as a hike in state spending outstripped that...
Central bank sees modest wage hikes
THE BANGKO SENTRAL ng Pilipinas (BSP) expects a modest increase in daily minimum wages this year despite fresh petitions for such pay hikes.
BSP Deputy...
Tax perks reform may still change — DoF exec
THE DEPARTMENT of Finance (DoF) said it is open to changes in its corporate tax reform proposal, but maintained that the overall objective of...
Consortium cuts period, cost for proposed NAIA rehab
THE CONSORTIUM formed by some of the country’s conglomerates has submitted a revised proposal to rehabilitate the Ninoy Aquino International Airport (NAIA), cutting the...
NFA moves to import more rice
THE STATE GRAINS AGENCY needs to import rice again this year to continue rebuilding its depleted buffer stock, a spokesman said on Tuesday, as...
Clark airport O&M attracts interest
A CONTRACT to operate and maintain (O&M) for 25 years an expanded Clark International Airport -- designed to decongest the premier gateway in Metro...
