Peso may sink to P62-per-dollar level this year
THE PHILIPPINE PESO could sink to as low as P62 per dollar this year as a dovish central bank and increased liquidity in the...
Top-earning influencers face BIR audit
THE Bureau of Internal Revenue (BIR) is set to investigate 250 top-earning social media influencers for tax compliance, as the government tries to address revenue leakage.聽
Economy likely expanded by 7.1% in first quarter
THE ECONOMY likely expanded by 7.1% in the first quarter, as consumption may have gotten a boost from higher remittances and personal income tax...
Extending lockdown beyond April could be 鈥榙ifficult鈥 鈥 Pernia
EXTENDING the enhanced community quarantine (ECQ) beyond April 30 would be “difficult,” according to Socioeconomic Planning Secretary Ernesto M. Pernia, who is backing a gradual lifting of the Luzon-wide lockdown which would allow malls and public transportation to resume partial operations.
Gov鈥檛 raises P585B from RTB offering
THE GOVERNMENT raised a record P584.86 billion from its offering of five-year retail Treasury bonds (RTBs), exceeding the Bureau of the Treasury鈥檚 (BTr) target.
The...
BSP: Rate hike transmission significant
MANILA 鈥 The pass-through effect of the Philippine central bank's series of rate hikes since 2022 has been "quite significant", a senior central bank...
DoF lines up more tax reforms
THE DEPARTMENT of Finance (DoF) plans to submit to Congress this month the tax reform packages on property valuation and passive income.
Gov鈥檛 sets second round of mining audit
THE GOVERNMENT will start towards the end of this month the second round of its audit of the mining industry in order to ensure operations do not harm the environment and benefit host communities, the Finance department said on Monday, adding that it expects the review 鈥渢o be completed by January next year.鈥
Money supply picks up in November even as loan growth eases
MORE MONEY circulated in the economy in November last year, even as loan growth continued to ease in the wake of a fifth increase in benchmark interest rates by the Bangko Sentral ng Pilipinas (BSP) that month.
Philippines sees risk of missing inflation target again in 2024
The Philippines may miss its inflation target for a third straight year in 2024 as price pressures build, according to the minutes of the...
Inflation likely jumped 3.3% in Feb.
INFLATION likely accelerated in February due to the spike in global oil and commodity prices after Russia鈥檚 invasion of Ukraine, analysts said.
Trade risks worsen as Delta descends on Southeast Asia factories
THE PANDEMIC鈥橲 IMPACT on global trade risks worsening in coming weeks as more factories across Southeast Asia brace for closures amid one of the world鈥檚 deadliest outbreaks.