October BoP surplus hits six-month high
THE PHILIPPINES’ balance of payments (BoP) position stood at a $1.141-billion surplus in October, the biggest surfeit in six months, according to the central...
Domestic trade of goods sees slight recovery in Q2
DOMESTIC TRADE ACTIVITY slightly bounced back in the second quarter from the previous year, albeit still lower compared with value of locally traded goods in 2019, data by the Philippine Statistics Authority (PSA) showed.
Tapping deep into new opportunities
The Entrepreneur Of The Year Philippines 2017 has concluded its search for the country’s most inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a...
BTr sells P6.56 billion in Premyo bonds
The Bureau of the Treasury (BTr) on Friday said it has raised P6.56 billion from the latest issuance of one-year peso denominated Premyo bonds.
“We...
8 insurers, NHMFC charged for anti-competitive deals
THE Philippine Competition Commission’s Enforcement Office (PCC) has charged a pool of insurers and state-led secondary mortgagor for entering into anti-competitive agreements that cornered a type of insurance offered to borrowers for nearly four decades.
Delayed passage of CREATE seen to hurt MSMEs’ recovery
THE DELAY in Congress’ approval of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will likely hurt the recovery prospects of businesses affected by the coronavirus pandemic, a senator said.
Changing perks could halve jobs — SEIPI
ELECTRONICS MANUFACTURERS -- whose products make up more than half of the country’s goods sold abroad -- expect 50% job loss by 2026 if the current version of the bill that overhauls tax incentives was passed, Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) President Danilo C. Lachica said.
Philippines’ dollar reserves jump to $108.8 billion at end-September
THE PHILIPPINES’ dollar reserves rose to its highest in 11 months at end-September, driven by higher global gold prices, earnings from the central bank’s...
Trump’s visa crackdown may spur US offshoring
US COMPANIES may offshore more technology roles to the Philippines and other low-cost markets as President Donald J. Trump’s revamped visa rules raise costs for bringing in foreign talent, analysts said.
DBCC maintains GDP growth targets
THE DEVELOPMENT Budget Coordination Committee (DBCC) maintained its economic growth targets for this year through 2028, as robust domestic demand will likely help the economy to weather external headwinds.
MGB pushes end of ban on open-pit mining
THE MINES and Geosciences Bureau (MGB) has asked the Environment chief to end the ban on open-pit mining which his predecessor had imposed, the...
BSP to ensure PHL will stay out of ‘gray list’
THE BANGKO SENTRAL ng Pilipinas (BSP) said it is working to ensure that the country will not return to the Financial Action Task Force’s...