MANILA, Philippines — The Department of Finance (DOF) has given delinquent taxpayers more time to settle their deficiencies as part of the government’s efforts to ease the taxpayers’ burden amid the pandemic. The DOF has issued Revenue Regulations 32-2020 and 33-2020 extending until June 2021 the respective deadlines for people to avail themselves of the […]
Read MoreMANILA, Philippines — 2020 was a turbulent year, but apart from public health, the economy probably took the brunt of damage from the unprecedented coronavirus crisis. From economic growth slowing down, trade grinding to a halt, the stock market falling and even our most reliable migrant workers coming home in droves, economic officials correctly characterized this […]
Read MoreMANILA, Philippines — At least five banks are planning to apply for a digital bank license as part of efforts to improve the accessibility of financial products to Filipinos, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Chuchi Fonacier said the BSP has received five inquiries so far since it issued the guidelines […]
Read MoreThe main index is seen trading at a downward bias, as it remains overvalued, making it susceptible to profit taking. Philstocks Financial Inc. senior research analyst Japhet Tantiangco said that as of last week’s closing, the market is trading at a price-to-earnings ratio of 21.8 times, which is above its 2015 to 2019 average of […]
Read MoreBSP winds down easing cycle MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to keep its interest rates steady on the back of improved mobility and sentiment that could facilitate the recovery of the economy from the pandemic-induced recession. In a virtual press conference, BSP Governor Benjamin Diokno said the Monetary Board […]
Read MoreMANILA, Philippines — Sovereign lending by the Asian Development Bank (ADB) to the Philippines will reach around $9.4 billion between 2021 and 2023, with the bulk going into infrastructure, health and employment recovery projects. The Manila-based multilateral bank said the Philippines Country Operations Business Plan 2021-2023 supports programs and policies focused on the acceleration of […]
Read More
Thailand
