MANILA, Philippines — The Department of Finance (DOF) and Bureau of Internal Revenue (BIR) have sought the cooperation of other government agencies to ensure that foreign nationals working in Philippine offshore gaming operators (POGOs) are properly monitored and are paying their taxes. During a meeting last Feb. 19, Finance Secretary Carlos Dominguez asked the Department of Foreign Affairs (DFA), […]
Read MoreMANILA, Philippines — The Philippines is among the countries with conducive working environment for women in terms of rights and opportunity, according to a new report by the World Bank. The country scored above the global average in the bank’s “Women, Business and the Law 2019 Index” that measures the quality of legal and business […]
Read MoreMANILA, Philippines — Inflation likely eased for another month in February, as lower rice prices and a stronger peso cushion upward price pressures from higher local pump prices and power rates, the Bangko Sentral ng Pilipinas reported Thursday. In a statement, the BSP Department of Economic research pegged February inflation at 3.7-4.5 percent. If the […]
Read MoreMANILA, Philippines — The underlying fiscal metrics of the Philippines remain stable even after the national government overshot its budget deficit ceiling last year, according to Moody’s Investors Service. “Although wider budget shortfalls typically reflect a credit-negative deterioration in other fiscal metrics, measures of the Philippine government’s indebtedness and debt affordability have remained stable or continued […]
Read MoreMANILA, Philippines — The country’s total exports are on track to hit the $122 billion to $130 billion goal by 2022, even as services exports are expected to post slower growth than targeted this year, the Department of Trade and Industry (DTI) said. DTI – Export Marketing Bureau director Senen Perlada told reporters that while there are calls to revise the […]
Read MoreMANILA, Philippines — Foreign investment pledges approved by the country’s seven investment promotion agencies rose by 322 percent year-on-year in the fourth quarter of 2018, with half of the total intended for Northern Mindanao, the Philippine Statistics Authority reported yesterday. Investment pledges in the fourth quarter of 2018 reached P91.2 billion, an increase of almost fourfold compared […]
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