PHL returns to offshore bond market
THE PHILIPPINE government is looking to raise funds via a benchmark-sized US dollar-denominated bond issue with tenures of five, 10.5 and 25 years, according to a government document seen by reporters on Monday.
AMRO sees PHL resilient vs 2019 risks
PHILIPPINE economic growth will likely pick up this year, a regional think tank said in a report released on Monday, even as it advised monetary and fiscal authorities to be mindful of short-term external risks and keep interest rates 鈥渁ppropriately tight.鈥
KAPA founder, officers ordered arrested for fraud
THE founder and other key officers of Kapa-Community Ministry International (KAPA) -- which the Securities and Exchange Commission (SEC) tagged as possibly 鈥渢he largest investment scam in the Philippines in recent years鈥 -- have been ordered arrested by the Regional Trial Court of Bislig City on fraud charges.
PHL urged to create better jobs for youth
THE PHILIPPINES should generate better jobs for young Filipinos who bore the brunt of the 鈥渓abor market shock鈥 during a coronavirus disease 2019 (COVID-19)...
Foreign chambers urge Senate action on Open Access bill
THE JOINT Foreign Chambers (JFC) called for Senate action on the proposed Open Access in Data Transmission Act, which is aimed at improving internet service in the country.
PHL, WB ink loan deals worth $1.14B
THE PHILIPPINE government and the World Bank (WB) signed on Monday four loan agreements worth $1.14 billion, including a $750-million loan to support policy...
DBM may slash budget of agencies with low utilization rates
THE DEPARTMENT of Budget and Management (DBM) may consider slashing the budget allocations for government agencies with low utilization rates.
Relaxing foreign currency deposits secrecy may boost investor confidence, analysts say
ALLOWING authorities to scrutinize foreign currency deposits when investigating illegal financial transactions is a 鈥渨elcome move鈥 and could help the Philippines attract more investments if implemented properly, analysts said.
IMF to hold consultation mission in PHL in Sept.
THE INTERNATIONAL Monetary Fund (IMF) will hold its annual discussions with the Philippines starting in September, an official said.
IMF Representative to the Philippines Ragnar...
BIR collected P7.2 billion from POGOs in 2020
THE Bureau of Internal Revenue (BIR) collected P7.18 billion in taxes from Philippine Offshore Gaming Operators (POGOs) last year, even as some offshore companies reportedly left due to the tighter tax rules.
S&P upgrades Philippines鈥 credit outlook to 鈥榩ositive鈥
By Melissa Luz T. Lopez, Senior Reporter
S&P Global Ratings bumped up its outlook on the Philippine economy, as it took stock of tax reform...
No policy pressure from faster inflation
OVERALL price increases quickened further in September at the fastest clip in five months due to higher food and oil costs, even as the...