MANILA, Philippines — The peso can survive the havoc on currencies brought about by the monetary impact of the pandemic, due to the country’s strong fundamentals, a top finance official said. Finance Undersecretary and chief economist Gil Beltran said much work, however, needs to be done to make sure investors sustain their interest in the […]
Read MoreMANILA, Philippines — The detection of highly contagious Covid-19 Delta variant in the Philippines sent local shares into a tailspin on Monday, amid growing unease among investors over the virus’ threat to economic recovery. Panic returned to the trading floor of the Philippine Stock Exchange, with the bellwether PSEi shedding 1.59% to close at 6,587.20. The […]
Read MoreMANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) has no plans to take in a foreign strategic partner and tap the debt or capital markets for additional funding this year. BPI president and chief executive officer Jose Teodoro “TG” Limcaoco told The STAR the bank has no plans to enter into a strategic […]
Read MoreMANILA – The Philippines and Brunei Darussalam signed an agreement in a bid to eliminate double taxation and prevent fiscal evasion on taxes involving income from cross-border transactions, the Finance department said Friday. The Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income (double taxation […]
Read MoreMANILA, Philippines — The country’s move to streamline trade procedures earned it a huge boost in global trade facilitation despite challenges due to the pandemic. Based on the latest Global Survey on Digital and Sustainable Trade Facilitation of the United Nations, the Philippines scored 86.02 percent this year, up from 80.65 percent in 2019. The […]
Read MoreMANILA, Philippines — The country’s rice inventory dropped 7.5 percent in May, according to the Philippine Statistics Authority (PSA). In its latest rice and corn stocks inventory report, the PSA said total rice stocks inventory stood at 2.58 million metric tons (MT) as of May 1, down from the 2.79 million MT registered in the […]
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