MANILA, Philippines — The Philippines and Indonesia are looking to work together in investment promotion, halal products and creative economy to enhance trade and investment flows. In a statement , the Department of Trade and Industry said the Philippines and Indonesia recently conducted the 8th Meeting of the Joint Working Group (JWG) on trade, investments, […]
Read MoreMANILA, Philippines — Property seekers have recently avoided spaces in central business districts (CBD) as movement restrictions meant to arrest coronavirus spread and contagion fears prompted buyers to consider locations closer to their present homes when making decisions. In a report released Monday, Lamudi, an online property marketplace, said it saw a “switch” in locational […]
Read MoreWarns of more defaults MANILA, Philippines — A proposal to impose a cap on finance charges, if applied to all types of interest rates, may kill the credit card industry at a time when the default rate is expected to double due to the impact of the pandemic, according to the Credit Card Association of […]
Read MoreMANILA, Philippines — Rates for short-term government securities inched up yesterday following the Bangko Sentral ng Pilipinas’ decision to keep interest rates unchanged, according to the Bureau of the Treasury. During yesterday’s auction, the 91-day Treasury bills (T-bills) fetched an average rate of 1.131 percent, 1.3 basis points up from the 1.118 percent recorded last […]
Read MoreTo help economy MANILA, Philippines — Regaining the confidence of businesses and consumers to spend more is necessary to help revive the pandemic-stricken economy, according to the Bangko Sentral ng Pilipinas (BSP). Dennis Lapid, director of the BSP’s Department of Economic Research (DER), said businesses and consumers need to spend more to revive the economy […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) is willing to study proposed revisions to the Comprehensive Automotive Resurgence Strategy (CARS) on production targets and timeline to meet the volume requirements under the program as the COVID-19 outbreak has slowed the demand for new vehicles. Trade Undersecretary and BOI managing head Ceferino Rodolfo told reporters […]
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