MANILA, Philippines — In 1936, the International Chamber of Commerce first introduced the International Commercial Terms (Incoterms) to establish a commonly accepted definition and rules related to the delivery of goods between trading partners worldwide. These refer to the different terminologies used by traders, importers, exporters, customs brokers, logistics companies, non-life insurers, bankers in the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the preliminary results of a survey on the level of cashless transactions in the Philippines being conducted by Better Than Cash Alliance (BTCA) showed encouraging results. BSP Deputy Governor Chuchi Fonacier said the results of the study undertaken by BTCA would be released towards the […]
Read MoreMANILA, Philippines (Update 2, 10:51 a.m.) — Consumer price growth continued its downtrend in September to post the slowest rate in three years on the back of lower food prices and utility costs, the Philippine Statistics Authority reported Friday. Inflation eased to 0.9% in September, slower than 1.7% registered in August and 6.7% recorded a year ago. […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore expects the Bangko Sentral ng Pilipinas (BSP) to slash interest rates by another 50 basis points until the first quarter of next year as it lowered the country’s gross domestic product (GDP) growth forecast for this year. Masyita Crystallin, economist for the Philippines and Indonesia at DBS, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects foreign direct investment (FDI) inflows to drop this year following a sharp decline in the first half due to uncertainties caused by the mid-term elections last May, as well as the second package of the comprehensive tax reform program (CTRP). BSP Governor Benjamin Diokno said […]
Read MoreA FORMER Singaporean banker’s motorcycle-taxi app is emerging as a key rival to Grab – and a test case for Manila’s resolve in unclogging the world’s most congested streets. Founder Angeline Tham’s Angkas – the Filipino word for “hitching a ride” – has in three years become one of the Philippines’ most popular ride-hailing services […]
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