Amid peso depreciation: Medalla vows to 鈥榓ct decisively鈥
THE BANGKO SENTRAL ng Pilipinas (BSP) on Wednesday said the peso depreciation has been fueling inflationary pressures, adding that this strengthens the case to 鈥渁ct decisively.鈥
Manila Water can鈥檛 pass corporate income tax to customers in new deal
MANILA WATER Co., Inc. will no longer be allowed to charge its customers for corporate income tax and implement foreign currency differential adjustments (FCDA) under the new concession agreement (CA) it signed with the government.
Marcos OK鈥檚 review of BOT Law rules
THE NATIONAL Economic and Development Authority (NEDA) has been directed by President Ferdinand R. Marcos, Jr. to review certain provisions of the revised rules of the Build-Operate-Transfer (BOT) Law.
July FDI inflows highest in 19 months
FOREIGN DIRECT investments (FDIs) jumped to its highest level in 19 months in July when investors turned optimistic as the domestic and global economy appeared to have shown signs of recovery.聽
Philippines unveils 鈥榖ig bold reforms’ to shore up investor confidence
By Aubrey Rose A. Inosante, Reporter
The Philippine government on Friday pledged "big bold reforms" that are aimed at restoring investor trust as it tries...
BSP to continue easing until 2026 鈥 BMI
THE BANGKO SENTRAL ng Pilipinas (BSP) is expected to continue its easing cycle until 2026 amid benign inflation and slowing economic growth, Fitch Solutions鈥...
Coronavirus pandemic slams revenues of Philippines鈥 top 1000 firms
THE COUNTRY鈥橲 TOP 1,000 corporations saw their combined gross revenue decline for the first time in 2020 as the economy grappled with the effects of the coronavirus disease 2019 (COVID-19) pandemic.
Marcos allows up to 40% foreign ownership in small retailers
PRESIDENT Ferdinand R. Marcos, Jr. has eased foreign investment rules for retail trade by allowing overseas investors to own as much as 40% of enterprises with paid-up capital of less than P25 million, under the Philippines鈥 13th Regular Foreign Investment Negative List (RFINL).
IMF鈥檚 Lagarde says global growth loses momentum amid trade tensions
WASHINGTON -- International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that global growth has lost momentum amid rising trade tensions and tighter financial conditions, but pauses in rate hikes will help boost activity in the second half of 2019.
PHL likely to be Asia鈥檚 economic laggard in 2022
MOODY鈥橲 ANALYTICS said the Philippines is likely be the last country in Asia to regain its pre-pandemic economic growth level, which may be seen by the fourth quarter of 2022.
BSP says intervening less in peso, sees rate cut聽
The Philippine central bank has been intervening less in the currency market recently, and it appears on track to resume rate cuts in April,...
Exiting POGOs to face BIR audit 鈥 Dominguez
THE Bureau of Internal Revenue (BIR) will still conduct an audit of Philippine Offshore Gaming Operators (POGOs) that are leaving the country to check their tax compliance and collect any back taxes, Finance Secretary Carlos G. Dominguez III said.