MANILA, Philippines — The government trimmed its fiscal deficit in May to a little over P200 billion as collecting agencies improved their tax take to push overall revenues by more than 69 percent. Based on data from the Bureau of the Treasury (BTr), the budget deficit in May narrowed by less than one percent to […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is urging the construction industry to go beyond the domestic market and tap opportunities overseas in order to thrive post-pandemic. During the Philippine Overseas Construction Board Virtual Construction Conference Monday, Trade Secretary Ramon Lopez urged the sector to consider opportunities available in the global market. […]
Read MoreMANILA, Philippines — The Philippines needs to step up its fight against money laundering and financing of terrorism to avoid being included anew in the gray list of Paris-based Financial Action Task Force (FATF), according to the International Monetary Fund. IMF mission chief Thomas Helbling said the Philippines should continue to strengthen its anti-money laundering […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to keep interest rates at record low on Thursday as the near-term prospects remain worrisome for the country amid the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, the research arm of the Moody’s Group said the Monetary Board may keep […]
Read MoreMANILA, Philippines — Local carriers are gearing up and desperately looking forward to “revenge travel” after the pummeling they experienced due to travel restrictions brought about by the pandemic. Revenge travel refers to the expected surge in demand once restrictions ease up, as people hope to get back the travel opportunities and moments they lost […]
Read MoreMANILA, Philippines — The Philippines will likely achieve herd immunity by early 2023 even as the government ramps up its purchases of COVID-19 vaccines, an international think tank said. In its weekly monitor, UK-based Pantheon Macroeconomics said the relatively slow pace of vaccination in the Philippines indicates that early 2023 is the best chance for […]
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