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 […]
Read MoreMANILA, Philippines — Philippine economic growth likely picked up in the fourth quarter of last year after slumping in the third quarter due to higher oil and food prices, according to the economic research and analysis arm of Moody’s Corp. In a report, Katrina Ell, economist at Moody’s Analytics, said the Philippines’ gross domestic product […]
Read MoreMANILA: 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 […]
Read MoreMANILA, Philippines — Economists of private banks still expect inflation to exceed the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) amid volatile global oil prices, geopolitical tensions, and further depreciation of the peso against the dollar. Dennis Lapid, director of the BSP’s Department of Economic Research, said results of […]
Read MoreMANILA, Philippines — Low cost airlines continue to soar high as they bolstered their reign over the Philippine market last year, aviation think tank CAPA Centre for Aviation said. In its latest report, CAPA said the Philippines posted the third highest domestic low cost carrier (LCC) penetration rate in Asia Pacific last year at 64 […]
Read MoreMANILA, 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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