MANILA, Philippines — The record retail treasury bond (RTB) issuance by the national government sapped some liquidity in the financial system, resulting in a slower growth in money supply in February, according to the Bangko Sentral ng Pilipinas (BSP). Preliminary figures released by the BSP showed that domestic liquidity or M3 grew at a slower […]
Read MoreMANILA, Philippines — The Philippine government yesterday announced its plans to sell US dollar-denominated global bonds in the international market to raise more funds for the state coffers. National Treasurer Rosalia De Leon said the announcement was made yesterday, but declined to provide more details on the issuance. Credit watcher S&P Global Ratings assigned a […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) has issued a temporary ban on the importation of domestic and wild birds and their products from the US following an avian virus outbreak in South Carolina. In a recent memorandum order issued by the Office of the Secretary, the DA has instituted the ban on the […]
Read MoreMANILA, Philippines — Total collections of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) from January to mid-April declined further due to quarantine measures and the extension of the deadline for the filing and payment of income and other taxes to next month, according to the Department of Finance (DOF). In […]
Read MoreMANILA, Philippines — The tourism industry is in need of government support in the form of tax relief measures as well as subsidies to help the sector recover from the coronavirus disease 2019 or COVID-19 pandemic, according to a survey conducted by Tajara Hospitality and Horwarth HTL. Based on the survey, 79 percent of the […]
Read MoreMANILA, Philippines — Budgetary and technical constraints hinder the government from importing oil to build its strategic petroleum reserve amid the collapse in global oil prices. The Department of Energy (DOE) has been pushing for the establishment of a strategic oil reserve for the country since 2018. In a memorandum issued in December 2019, the […]
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