Fastest growth in 4 years MANILA, Philippines — Remittances sent home by overseas Filipino workers rose for the third straight month in April, recording their fastest growth in more than four years as OFW deployment accelerated amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreMANILA, Philippines — The country’s import shipments toward the holiday season could face delays due to unprecedented demand and congestion at some of the world’s major ports. Philippine Ports Authority general manager Jay Santiago said while utilization at the Port of Manila remains quite low compared to previous years at 60 percent, there are prevailing […]
Read MoreMANILA, Philippines — Vehicles sales accelerated over four-fold in May as the easing of quarantine restrictions in the metro, coupled with a comparatively lower base last year, fueled a surge in consumer demand. A joint report from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) released yesterday […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission (SEC) is mandating all financing and lending companies to submit a program aimed at preventing money laundering and terrorist financing. All entities seeking to operate as financing and lending companies must submit their respective anti-money laundering and terrorist financing blueprint not later than June 21. “As covered […]
Read MoreIncreased interest payments and amortization costs reduced the national government’s debt servicing in April by more than double compared to payments made a year earlier, data released by the Bureau of the Treasury showed over the weekend. In April, debt payments totaled P64.28 billion, down 130.74 percent from P148.34 billion a year ago. Interest payments […]
Read MoreThe Bureau of Internal Revenue (BIR) has implemented a 12-percent value-added tax on transactions that were previously taxed at zero percent. Last June 9, Finance Secretary Carlos Dominguez 3rd signed Revenue Regulation 9-2021, which was issued on June 11 to implement the imposition of a 12-percent VAT on transactions covered by various sections of the […]
Read More
Thailand
