MANILA, Philippines — With many Filipinos turning to delivery services to treat themselves in the days of social distancing and community quarantine, KFC has decided to shift its gears and introduce a new delivery service that is safe, not only for its customers but also for the environment. True to its commitment to adapt, innovate […]
Read MoreMANILA, Philippines — The Duterte administration is eyeing to raise P140 billion in new peso debt next month through the sale of government securities as part of an ongoing fundraising activity to pay for the state’s rising pandemic bill. The government will raise a cumulative P80 billion by issuing Treasury bills due on 3, 6 and 12 months […]
Read MoreMANILA, Philippines — The economy’s crash last quarter was slightly softer than originally estimated, state statisticians said on Wednesday. Gross domestic product (GDP), the sum of all products and services created in an economy, collapsed a revised 11.4% year-on-year in the 3 months ending September, a tad better than the 11.5% contraction reported last November. […]
Read MoreMANILA, Philippines — Taxes collected by the Bureau of Internal Revenue (BIR) from the offshore gaming industry rose to P7.18 billion in 2020 despite the suspension of operations last year due to community lockdowns. In a statement, the BIR said collections from Philippine offshore gaming operators (POGOs) increased to P7.18 billion in 2020 from only […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has issued guidelines for virtual asset service providers as the deadline for the country to strengthen its anti-money laundering and terrorism financing imposed by Paris-based Financial Action Task Force (FATF) looms. The Monetary Board approved the changes to the regulations on virtual currency exchanges (VCEs) issued […]
Read MoreMANILA, Philippines — Moody’s Investors Service has raised a red flag over health and safety in the Philippine as COVID-19 cases in the country topped the 500,000 mark. In a report, the debt watcher said health and safety has been identified as a source of “highly negative risk” for the Philippines and India. “Therefore, improving […]
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