MANILA, Philippines — Inflation will continue to pick up in the next few months, hitting above government targets, but will eventually taper off by the second half of the year. In its weekly brief, London-based think tank Capital Economics said headline inflation – the rate of increase in the consumer price index – would remain […]
Read MoreMANILA, Philippines — Yields of Treasury bills (T-bills) on offer this week may rise further on heightened concern due to rising inflation and weaker demand. The Bureau of the Treasury (BTr) is raising P20 billion today from offers of the short-dated government debt papers: P5 billion each from the 91-day and P182-day tenors, and P10 […]
Read MoreMANILA, Philippines — The asset quality of Philippine banks deteriorated anew as the industry’s gross non-performing loan (NPL) ratio increased to 3.7 percent in January from 3.61 percent in December, as the mandated 60-day debt moratorium to soften the impact of the pandemic on borrowers expired last year, according to the Bangko Sentral ng Pilipinas […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) announced that it is now implementing nationwide its online system for securing a tax clearance for bidding purposes after the successful pilot test in selected revenue offices last year. “Few months after it successfully rolled out its Electronic Tax Clearance for Bidding Purposes and Tax […]
Read MoreMANILA, Philippines (UPDATE 12:06 p.m., March 5)— Inflation soared to a level not seen since it eroded growth in 2018 as new sources of price pressure appeared with rising crude costs, exacerbating the impact of costly food yet to be convincingly addressed. Consumer prices rose 4.7% year-on-year in February, up from 4.2% in January and the highest since December […]
Read MoreMANILA, Philippines — The government has launched the first phase of the Central Business Portal (CBP), a one-stop shop online system for business registration, according the Bureau of Internal Revenue (BIR). The CBP is a single website for obtaining business-related information and carrying out transactions such as registering a corporation, and securing business permits and […]
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