MANILA, Philippines — Singapore’s DBS Bank lowered the projected gross domestic product (GDP) growth of the Philippines this year to 5.8 percent from the previous target of 6.3 percent on the back of still elevated inflation, tighter monetary conditions, and higher statistical base. In a research note, DBS economist Chua Han Teng said the economic […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging banks and financial institutions to reduce or eliminate fees for electronic fund transfer to boost the government’s efforts to transform the Philippines into a cash-lite from a cash-heavy economy. During the Annual Reception for the Banking Community Friday, BSP Governor Felipe Medalla said the […]
Read MoreMANILA, Philippines — Wholesale prices of goods in the country eased in December from the previous month mainly due to the slower movement of food prices, according to the Philippine Statistics Authority (PSA). Data from the PSA yesterday showed the annual growth of the General Wholesale Price Index (GWPI) nationwide slowed further to 6.7 percent […]
Read MoreMANILA, Philippines — Paris-based Financial Action Task Force (FATF) has urged the Philippines to speed up initiatives to address the remaining deficiencies to counter money laundering as well as terrorist and proliferation financing. FATF president T. Raja Kumar of Singapore said the Philippines has been retained in the gray list or jurisdictions under increased monitoring […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) is raising its investments registration target this year to P1.5 trillion, driven by strong investment approvals in the beginning of the year and the robust pipeline of investment leads. “Initially, we have set an already significant 37 percent growth target, or P1 trillion for 2023, but with […]
Read MoreMANILA, Philippines — The Philippines may well emerge as the top market for the global workforce in 2023, as companies around the world embrace remote/hybrid setups and look to employ exceptional Filipino talent. This is among the findings in the Robert Walters Global Salary Survey 2023, an authoritative analysis and benchmark on salary trends worldwide, […]
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