A bank analyst said the country’s fiscal authorities may need to reassess their present debt-to-gross domestic product (GDP) reduction strategy as credit downgrades loom. In a Thursday commentary, ING Bank Manila senior economist Nicholas Antonio Mapa noted that Fitch Ratings highlighted the scarring effects of the prolonged downturn in economic activity as well as how weak growth could affect […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to add Braille functionality to banknotes to benefit around 2.5 million visually impaired Filipinos as it continues to support the welfare of persons with disabilities (PWDs). Braille is a system of raised dots that can be read with the fingers by people who are blind […]
Read MoreMANILA, Philippines — Three environmental groups are urging the government to take action against plastic pollution caused by waste management schemes such as incineration by limiting the production of plastic. In a statement, Philippine environmental health groups EcoWaste Coalition, Interfacing Development Interventions for Sustainability (IDIS) and Mother Earth Foundation (MEF) emphasized the urgency of limiting […]
Read MoreMANILA, Philippines — The Philippines became the world’s first country Friday to approve the commercial production of genetically modified “golden rice” that experts hope will combat childhood blindness and save lives in the developing world. A biosafety permit issued by government regulators paves the way for the rice — enriched with the vitamin A-precursor beta-carotene to make […]
Read MoreMANILA – The Philippines has tightened restrictions in the community and at the borders, as it confirmed the start of a new wave of Covid-19 infections – this time fuelled by the highly contagious Delta variant. The government on Friday (July 23) announced that its travel ban would now include Malaysia and Thailand. It has already denied entry […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has agreed to suspend the imposition of the 12 percent value-added tax (VAT) on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic Zone Authority (PEZA) and House ways and means committee chairman Rep. Joey Salceda. The Philippine Exporters Confederation […]
Read More
Thailand
