The National Tax Research Center (NTRC) is further developing the functions of its existing online incentives application portal for investors to allow the electronic submission in the future of reports, the Department of Finance (DoF) said. The DoF said the NTRCm in a report to Finance Secretary Carlos Dominguez 3rd, disclosed the online portal — the Fiscal Incentives Registration […]
Read MoreMANILA, Philippines — The average basic wage and salary paid to the country’s agriculture workers declined by 1.6 percent last year, data from the Philippine Statistics Authority (PSA) showed. In its Agricultural Indicator Systems: Employment and Wages in the Agriculture Sector report, the PSA said the average basic wage and salary paid to agriculture workers […]
Read MoreMANILA, Philippines — The Philippine economy may see a strong last quarter, but sustaining this into the start of 2022 is uncertain amid the emergence of the Omicron coronavirus variant. In its latest chart book, Capital Economics said the Philippines is up for another positive quarter in the October to December period. This follows the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has joined the fight against predatory lenders charging an interest rate of as much as 504 percent per annum, as it decided to impose a cap on the charges imposed by lending firms, financing companies and online lending platforms on borrowers. BSP Governor Benjamin Diokno said […]
Read MoreSTATE infrastructure and capital outlays increased in October due to the public works projects around the country, the Department of Budget and Management (DBM) said. The DBM’s latest disbursement report showed that infrastructure and capital outlays reached P60.8 billion during the month, up by 6.7 percent from the P57.1 billion in the same month last year. It […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) position reverted to a deficit in November as the national government paid more foreign obligations, according to the Bangko Sentral ng Pilipinas. BSP data showed the Philippines incurred a BOP deficit of $123 million in November, a reversal of the $1.47 billion surplus recorded in the […]
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