MANILA, Philippines — Money sent home by Filipinos overseas continued its rise in August, unfazed by another wave of infections globally fueled by the Delta variant. What’s new Cash remittances coursed through banks rose 5.1% year-on-year in August to $2.61 billion, the Bangko Sentral ng Pilipinas reported on Friday. This growth was faster compared to 2.5% recorded […]
Read MoreECONOMIC growth will still hit the government’s downwardly adjusted 2021 target despite an expected third quarter slowdown, a Cabinet official said on Thursday. “Yes, we’re sticking to that growth target and we think we’ll hit it,” Finance Secretary Carlos Dominguez 3rd said in a television interview when asked about the possibility of meeting this year’s 4-5 percent […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) remains optimistic the country will hit its economic growth targets this year and next, brushing off an International Monetary Fund (IMF) downgrade. BSP Governor Benjamin Diokno said in a Bloomberg TV interview that he is confident the country would hit its gross domestic product (GDP) growth […]
Read MoreMANILA, Philippines — The Bureau of Customs collected nearly P45 billion in taxes from marking a total of 4.31 billion liters of fuel in the third quarter, improving its oversight on imported oil as part of efforts to eliminate misdeclaration and smuggling. The Customs yesterday reported it raised P44.57 billion from fuel marking in the […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) will begin the distribution of excess rice tariffs collected in the past two years as cash assistance to rice farmers next week. In a phone interview, Agriculture Undersecretary Ariel Cayanan said the distribution would officially start on Oct. 21 in Guagua, Pampanga. Republic Act 11203 or the […]
Read MoreMANILA, Philippines — The government plans to collect more than P76 billion in taxes from Philippine offshore gaming operators (POGOs) in 2022 and 2023 as they are expected to recover the losses incurred during the pandemic. In an interview with reporters, Finance Secretary Carlos Dominguez said the signing of Republic Act (RA) 11590, or An […]
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