MANILA, Philippines — Inflation for June likely settled within the 1.9 to 2.7 percent range from 2.1 percent in May as the uptick in the price of rice as well as the rising pump prices of petroleum products continued to put upward pressure on inflation, according to the Bangko Sentral ng Pilipinas (BSP). In a […]
Read MoreMANILA, Philippines — San Miguel Corp., the country’s diversified conglomerate, is optimistic its business will recover despite posting lower results in the first quarter of the year as a result of the coronavirus disease 2019 or COVID-19 pandemic. During the company’s annual shareholders meeting yesterday, SMC president and COO Ramon Ang said the company’s major […]
Read MoreMANILA, Philippines — Most taxpayers settled their tax obligations online in the first six and a half months of the year due to the movement restrictions to limit the spread of coronavirus disease 2019 or COVID-19 pandemic, according to the Department of Finance (DOF). Citing preliminary data from the BIR, the DOF said the bulk […]
Read MoreMANILA, Philippines — The net income of the Bangko Sentral ng Pilipinas (BSP) dropped by 24.5 percent to P9.9 billion in the first quarter from P13.13 billion in the same quarter last year on the back of lower gains on foreign exchange rates fluctuations. Data released by the central bank showed total revenues, comprised of […]
Read MoreMANILA, Philippines — Megaworld, the Andrew Tan-led property developer, is investing more in e-commerce facilities to fast track the recovery of its commercial and hotel businesses. The two businesses have been affected by the coronavirus disease 2019 or COVID-19 pandemic, said Megaworld chief strategy officer Kevin Tan. In the coming weeks, the company is set […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has approved a new $26.5 million loan for the Philippines to enable its local government units (LGUs) to boost revenues by adopting digital tools for real property tax valuation and collection. The Manila-based multilateral yesterday said that the Local Governance Reform Project would help LGUs nationwide to […]
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