MANILA, Philippines — Rising tensions between Russia and Ukraine would not make a huge dent on credit ratings in Asia-Pacific, including the Philippines, although its indirect impact on commodity prices and market disruption should be cause for worry, Moody’s Investors Service said. Michael Taylor, managing director at Moody’s, said the Asia-Pacific region has limited direct […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) looks to strengthen its campaign against tax evaders and collection of new taxes to meet its goal of raising more than P2.4 trillion for the government this year. In a report, the BIR said preliminary figures show the agency reached its target of collecting P2.08 trillion […]
Read MoreMANILA, Philippines — A Department of Finance (DOF) proposal to slash the 12 percent value-added tax (VAT) to as low as eight percent has been ignored in the Senate. Finance Secretary Carlos Dominguez III told an online forum with the Tuesday Club that no senator bothered to carry the proposal, even if it meant the […]
Read MoreMANILA, Philippines — Ayala-owned Bank of the Philippine Islands (BPI) expects its consumer loan portfolio to expand this year on the back of an anticipated growth in consumption with the economy’s reopening. BPI executive vice president and consumer banking head Maria Cristina Go yesterday said the bank projects consumer borrowings to drive its loan growth […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is keeping a wait and see stance on interest rates as it still has room to maneuver despite the hawkish policy of global central banks led by the US Federal Reserve. BSP Governor Benjamin Diokno said in an interview with Bloomberg Television that monetary authorities are […]
Read MoreMANILA, Philippines — The Duterte administration plans to clear its debt with the Bangko Sentral ng Pilipinas (BSP) before the end of its term, the country’s finance chief said. Finance Secretary Carlos Dominguez III yesterday said they have taken the initial step in the consolidation plan it will pass on to the next administration by […]
Read More
Thailand
