MANILA, Philippines — The country’s largest business organization is pushing for a calibrated importation program and stronger support for local production to help secure supply and bring down prices of pork. In a statement yesterday, Philippine Chamber of Commerce and Industry (PCCI) president Benedicto Yujuico said there are measures the government should implement immediately to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is further expanding the country’s digital payment platforms to speed up the transition to a cash-lite and eventually to a coinless and cashless society. BSP Governor Benjamin Diokno said various payment digitalization initiatives would be implemented successively starting April as the central bank aims to transform […]
Read MoreMANILA, Philippines — The Philippines and Russia are exploring possible bilateral cooperation that could further improve the country’s tax administration and compliance. Officials of the Bureau of Internal Revenue (BIR) met with the Federal Tax Service (FTS) of Russia last Jan. 13 to discuss the latter’s best practices that could be applied in the Philippines. […]
Read MoreMANILA, Philippines — Term deposit rates continued to ease further amid the liquid environment in the country, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day term deposits slipped by 0.626 basis point to 1.6157 percent at the term deposit facility (TDF) yesterday from last […]
Read MoreMANILA, Philippines — Loans disbursed by big banks contracted in December last year, ending more than a decade of credit growth in the country due to uncertainties brought about by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial […]
Read MoreMANILA, Philippines — Loans extended to micro, small and medium enterprises (MSMEs) declined by 15.2 percent as of end-September last year despite regulatory relief measures extended by the Bangko Sentral ng Pilipinas (BSP) to banks to assist the sector in jumpstarting the economy amid the pandemic. Latest data released by the central bank showed loans […]
Read More
Thailand
