PHL needs to boost digital infrastructure to ensure growth
THE PHILIPPINES’ digital economy can be used as a catalyst to boost economic growth, but the government must ensure the development of digital infrastructure to support connectivity and inclusion, according to experts.Â
Bulacan contactors tied to ghost projects face tax evasion raps – BIR
The Bureau of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in ghost flood-control projects.
In a statement on...
SEC may require submission of corporate governance reports
PUBLIC COMPANIES and registered issuers will soon be required to submit corporate governance reports annually to the Securities and Exchange Commission (SEC).
PHL central bank may need to continue rate hikes — IMF
THE BANGKO Sentral ng Pilipinas (BSP) may have to continue raising interest rates in tandem with the US Federal Reserve amid higher inflation and the peso depreciation, an International Monetary Fund (IMF) official said.
Philippines improves in digital competitiveness
THE PHILIPPINES improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries.
Local banks open to foreigners, but await offers they can’t refuse
Krista A. M. Montealegre, National Correspondent
FOREIGN PARTIES wanting a piece of the action in one of Asia’s best growth stories have found the Philippines’ banking sector a tough nut...
Philippine central bank sees wider C/A deficit in 2024
MANILA (UPDATE) - The Philippines current account deficit for 2024 will be much wider than previously expected, the central bank said on Friday, and...
Boards approve minimum wage hikes in 3 Philippine regions
REGIONAL wage boards on Wednesday approved increases in daily minimum wages in Cagayan Valley, Central Luzon and the SOCCSKSARGEN region, according to the Labor...
Conglomerates eye neighboring markets to expand education business
By Krista Angela M. Montealegre
National Correspondent
PHILIPPINE CONGLOMERATES are stepping on the gas on the expansion of their education business in Southeast Asia, taking advantage...
Factory output grows at slowest pace in 7 months
MANUFACTURING OUTPUT growth fell to a seven‑month low in November, weighed down by weak domestic consumption and sluggish export demand.
Preliminary results of the Philippine...
PHL debt nears P9 trillion in May
OUTSTANDING DEBT jumped to nearly P9 trillion as of end-May, as the government issued more domestic securities and availed of additional foreign loans to fund its ongoing fight against the pandemic, the Treasury said on Tuesday.
NG debt hits record high P13.7T in January
THE NATIONAL Government’s (NG) outstanding debt hit a record high of P13.698 trillion at the end of January as the government ramped up domestic and external borrowings, the Bureau of the Treasury (BTr) said on Tuesday.