New fiscal regime for mining industry signed into law
PHILIPPINE President Ferdinand R. Marcos, Jr. on Thursday signed into law a measure that overhauls the tax regime for large-scale metallic mining, imposing royalties and profit-based levies to boost government revenue and share gains with host communities.
Presidential candidates harness TikTok during Philippine ‘silly season’
MANILA MAYOR Francisco “Isko” M. Domagoso knows how to tickle your fancy.
PEZA sets sights on over P250B in investment approvals next year
The Philippine Economic Zone Authority (PEZA) aims for investment approvals of over P250 billion next year, its top official said on Friday.
"We really want...
Inflation impact on poor picks up in Nov.
INFLATION, as experienced by low-income families, accelerated in November after five straight months of slowing down, the Philippine Statistics Authority (PSA) reported on Monday.
IMF hikes Philippine growth outlook
WASHINGTON — The International Monetary Fund (IMF) expects the Philippines to post the fastest growth in emerging and developing Asia this year, despite a global economic slowdown.
Finance dep’t studying feasibility of carbon tax
THE FINANCE department is still looking into the feasibility of implementing a carbon tax in the country.
Developing countries’ debt fears increase with new climate finance
DHAKA — The growing costs of the climate crisis are forcing developing nations to make painful choices, compelling them to pay off debts rather...
BSP to turn GS purchasing window into regular facility
THE BANGKO Sentral ng Pilipinas (BSP) on Monday said it will reconfigure its government securities (GS) purchasing window into a regular liquidity facility under the interest rate corridor (IRC) framework.
BoP in surplus for 4th month in a row
THE PHILIPPINES got more dollars than it spent to pay off foreign obligations in October, turning around from a year-ago deficit and marking the fourth straight month of balance of payments (BoP) surplus, according to data the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.
PHL secures new P12-B loan from Japan
THE PHILIPPINES secured a new ¥30-billion (around P12.3-billion) loan from Japan, which will be used to fund programs to help the economy recover from the coronavirus disease 2019 (COVID-19) pandemic, the Department of Finance (DoF) said.
PHL, Thailand seek to settle trade dispute
THE PHILIPPINES and Thailand have signed a bilateral understanding to resolve their 14-year dispute over the customs valuation of cigarettes, the World Trade Organization (WTO) said on Saturday.
Inflation impact on poor picks up in April
INFLATION, as experienced by low-income families, accelerated in April as lockdown measures were implemented to contain the spread of the coronavirus disease 2019 (COVID-19), the Philippine Statistics Authority reported on Thursday.