DoF renews push for general tax amnesty bill
THE Department of Finance (DoF) will renew its push for the passage of a general tax amnesty (GTA) bill in the incoming 20th Congress.
Philippines inches up to 51st spot in global competitiveness index
THE PHILIPPINES improved one spot in a global competitiveness index, but remained a laggard in the Asia-Pacific region, according to the Asian Institute of Management Rizalino S. Navarro Policy Center for Competitiveness (AIM RSN PCC).
Cash remittances jump 4% in April
MONEY SENT HOME by overseas Filipino workers (OFWs) jumped by an annual 4% in April, the fastest pace in 28 months, data from the...
PHL to implement crypto-asset framework
THE PHILIPPINES will implement a crypto-asset framework as part of its efforts to combat cross-border tax evasion and illicit financial flows, the Department of...
Infrastructure shortfalls hurt PHL competitiveness
DELAYS in the implementation of infrastructure projects are dragging down the Philippines’ competitiveness in Southeast Asia, experts said.
Incoming lawmakers urged to focus on economic measures
THE INCOMING 20th Congress should prioritize legislation that would boost economic growth and enforce fiscal discipline to curb rising debt, while laying the foundation for long-term economic stability, economists and business groups said.
Marcos orders oil contingencies
PHILIPPINE President Ferdinand R. Marcos, Jr. has ordered agencies to prepare for potential spikes in global oil prices amid worsening tensions in the Middle East, a major oil-producing region, the presidential palace said on Tuesday.
Philippine central bank chief calls peso intervention ‘futile’
Philippine central bank Governor Eli M. Remolona Jr. said it’s futile to intervene in the currency market to support the peso, which has fallen...
New ecozones to bring in P3.2 billion in investments
NEWLY APPROVED economic zones (ecozones) are expected to generate P3.2 billion in investments, according to the Philippine Economic Zone Authority (PEZA).
PEZA Director-General Tereso O....
Europe-based digital bank applied for license — BSP
A EUROPE-BASED digital bank is applying for a local digital banking license, the Bangko Sentral ng Pilipinas (BSP) said.
BSP Deputy Governor Chuchi G. Fonacier...
Vehicle sales dip in May
PHILIPPINE AUTOMOTIVE SALES slipped by 1.2% in May to 39,775, amid a double-digit drop in sales of passenger cars, an industry report showed.
Gov’t ready to extend fuel subsidies
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said that fuel subsidies may be given to stakeholders that are most vulnerable to a spike in oil prices amid an escalating conflict in the Middle East.