MANILA, Philippines — Local farmers are calling for a revamp of the country’s rice import system following the undervaluation and misdeclaration of rice shipments worth nearly P1 billion from January to April. The Federation of Free Farmers (FFF) is demanding a thorough review and overhaul of the Bureau of Customs (BOC)’s system for handling rice […]
Read MoreMANILA, Philippines — The Board of Investments (BOI) is hoping to get the world’s biggest bicycle maker Giant Manufacturing Co. Ltd. to set up shop in the country amid higher demand for bikes given limited transport options due to the coronavirus disease 2019 or COVID-19 pandemic. “It (Giant) continues to be a good lead. We […]
Read MoreMANILA, Philippines — ANZ Research expects the Philippine economy to contract by 2.5 percent this year as the economy further deteriorated in the second quarter due to the impact of the global coronavirus disease 2019 or COVID-19 pandemic. In a report, ANZ said it expects an all-around deterioration for the Philippines, reflecting the sizeable headwinds […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep rates steady in a meeting this week, but is likely to further loosen policy this year as the growth outlook remains dismal, according to London-based Capital Economics. In a report, the macroeconomy research firm said that while the BSP is not in a rush […]
Read MoreMANILA, Philippines — Private groups, which have set their sights on operating and expanding various provincial airports in the country, remain steadfast despite the aviation industry’s uncertain prospects. Prior to the onslaught of the coronavirus disease 2019 or COVID-19 pandemic, various groups swamped the government with their respective unsolicited proposals to operate, maintain, and expand […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has once again warned the public against schemes that are using the name of Finance Secretary Carlos Dominguez to promote bogus cryptocurrency investment platforms. In a statement, the DOF alerted the public about false information circulating online regarding a fake cryptocurrency auto-trading platform called Bitcoin Revolution. “We […]
Read More
Thailand
