HANOI: The Philippines, one of the world’s biggest importers of rice, is taking steps to temporarily limit imports of the grain from Vietnam amid a big harvest at home, three rice traders and an agricultural official said on Wednesday. The traders said that the Philippines’ department of agriculture had suspended issuing sanitary and phytosanitary import […]
Read MoreMANILA, Philippines — Fresh foreign currency deposits from the national government and earnings from the Bangko Sentral ng Pilipinas’ investments abroad brought over the country a dollar surplus in October. What’s new The country’s balance of payments position posted a $1.14 billion surplus in October, reversing a deficit recorded in September, the Bangko Sentral ng Pilipinas […]
Read MoreMANILA, Philippines — The country’s hog inventory remained on a downward trend at the start of October as production further declined in the third quarter, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the country’s swine inventory stood at 9.87 million heads as of Oct. 1, down by 12.4 percent from […]
Read MoreMANILA, Philippines — The National Privacy Commission (NPC) is summoning banks, telcos, and e-commerce companies to explain their measures to fight smishing amid a recent surge in spammy text messages in the country believed to be instigated by a global crime syndicate. In a statement on Tuesday, Privacy Commissioner Raymund Liboro said the NPC has […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may turn hawkish next year with a rate hike of 75 basis points as the Philippines continues to gradually recover from the pandemic-induced recession, according to Fitch Solutions Country Risk & Industry Research. In a commentary titled “Philippines to Begin Hiking its Policy Rates in 2022,” […]
Read MoreMANILA, Philippines — Revenues from tobacco products fell two percent in 10 months to October this year, as pandemic restrictions hindered the conduct of raids against makers and distributors of illicit cigarettes. Bureau of Internal Revenue (BIR) director Beverly Milo yesterday said tobacco industry revenues dipped to P185.74 billion in 10 months from P190.33 billion […]
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