MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remains consistent in its effort to upgrade the security features of banknotes to further deter counterfeiting activities ,according to BSP Governor Benjamin Diokno. Diokno said during the launch of the first set of banknotes bearing his name and signature the additional security features would be launched […]
Read MoreMANILA, Philippines — The national government’s debt pile rose to another record high of P7.916 trillion in May following the country’s return to the European and Chinese debt markets, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the Treasury, the national government’s outstanding debt as of end-May expanded by […]
Read MoreMore than 34 billion pesos ($665 million) worth of projects to put up buildings for information technology and business process management (IT-BPM) companies are now at the mercy of Philippine President Rodrigo Duterte after the presidential Malacanang Palace slapped a ban on new economic zones in the country’s capital district. According to the Philippine Economic […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has issued a new circular which clarifies the rules and guidelines for the imposition and collection of taxes and fees from professionals, in line with the government’s thrust to improve the ease of doing business in the country. Finance Secretary Carlos Dominguez issued last June a Local […]
Read MoreMANILA, Philippines — Factory gate prices grew at a slower pace in May primarily due to easing prices of food manufactures, basic metals and chemical products, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing rose at a slower pace of 2.7 percent in May from 3.6 percent in April, […]
Read MoreThe Philippines stands to benefit from rising imports while most of its Asean neighbours suffer from declining shipments from overseas, which is seen to hurt their economies in the near term, the Washington-based Institute of International Finance (IIF) said. With strong imports, including those of capital equipment, the Philippines is seen to have a better […]
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