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Philippines: Inflows from OFWs, BPOs may prop up peso

MANILA, Philippines — The inflows of remittances and receipts from business process outsourcing (BPO) industry in the fourth quarter may help prop up the peso against the dollar, according to Finance Secretary Benjamin Diokno. During the 17th Philippine Summit hosted by The Asset, Diokno said he is banking on remittances from overseas Filipino workers (OFWs) […]

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Philippines: Local makers seek tariff cuts on e-vehicle equipment, parts

MANILA, Philippines — Philippine manufacturers of electric vehicles want the government to slash tariffs on raw materials needed to make e-vehicles to support the industry in boosting its local production. Electric Vehicle Association of the Philippines (EVAP) president Edmund Araga yesterday asked the government to consider cutting, if not totally  eliminating, the import duties imposed […]

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