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Philippines: Customs orders post-clearance audit of imports

MANILA, Philippines — The Bureau of Customs will now require the conduct of post-clearance audit on importers and brokers, as well as the prior disclosure in their goods declarations in a bid to further improve its revenue collection capabilities. Customs commissioner Rey Leonardo Guerrero issued Customs Administrative Order 01-2019, dated Nov. 29, 2018, prescribing the policies and guidelines on […]

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Slightly faster GDP growth seen for the Philippines

MANILA: Easing inflation likely lifted the Philippines economy’s growth pace a little in 2018’s fourth quarter, a Reuters poll showed, giving the central bank more flexibility in managing interest rates. The median forecast from 12 economists was for gross domestic product for the December quarter to have expanded by 6.2% from a year earlier, marginally […]

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Philippines: Indonesia’s Gojek partners with local fintech Coins.ph.

MANILA, Philippines — Gojek, Indonesia’s on-demand multi-service platform, has partnered with Philippine fintech company Coins.ph. As part of this collaboration, Gojek is making a substantial acquisition of shares to support Coins.ph in its rapid growth to meet the financial needs of all Filipinos. Gojek’s payments platform and the leading digital payments service in Indonesia Go-Pay […]

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