MANILA, Philippines — Foreign corporations whose services are available in the Philippines through online channels must register with the Securities and Exchange Commission (SEC). This includes every foreign company, especially those selling foreign currency, cryptocurrency and other digital assets. They make their products and services available to the country through their social media platforms such […]
Read MoreMANILA, Philippines — Barcelona-based FocusEconomics expects a slower recovery for the Philippines in the next two years despite exiting the pandemic-induced recession in the second quarter. The think tank slashed anew its 2021 economic growth forecast for the Philippines to 4.7 percent from the original target of 5.2 percent and to seven instead of 7.1 […]
Read MoreMANILA, Philippines — Tariff collected from rice shipments decreased by more than four percent to P11.69 billion in the eight months to August from P12.22 billion a year ago, as the import volume shrank over seven percent. In a report, the Bureau of Customs said the volume of imported rice went down to 1.74 million […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is amending its rules on deposit accounts with the acceptance of electronic signatures and the national ID as sufficient proof of identities. In a draft circular, the regulator amended the miscellaneous rules on deposits under Section 276 of the Manual of Regulations for Banks (MORB) to […]
Read MoreMANILA, Philippines — The electronics sector, the country’s top exporter, will continue to record strong gains for the remaining months of the year despite global supply chain disruptions. In its weekly economic preview, market intelligence firm IHS Markit said global demand for electronic products has been strongly rebounding from its lows last year and the […]
Read MoreMANILA, Philippine — Corporate regulators warned the public against conducting business with unregistered foreign companies and entities to avoid losing their earnings. In a statement on Monday, the Securities and Exchange Commission cautioned that by dealing with these unregistered and unlicensed entities, the public runs the risk of losing their money once it’s transmitted outside the […]
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