MANILA, Philippines — The Philippines is open to accommodate more foreign firms interested in rescuing the financially troubled Hanjin shipyard in Subic, the Department of Trade and Industry (DTI) said. On the sidelines of the inauguration of Nestle Philippines’ ready to drink plant in Batangas, Trade Secretary Ramon Lopez said they continue to search for a potential white knight […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing the implementing rules and regulations (IRR) of a new law which provides safe, efficient, and reliable payment systems in the country. The BSP has asked major stakeholders to submit comments and feedback on the draft IRR of Republic Act 11127 otherwise known as the […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has issued the implementing rules and regulations (IRR) for a tax amnesty program, providing a clean slate for taxpayers with existing delinquencies. The agency issued Revenue Regulation 4-2019 providing the guidelines for Republic Act 11213 or the Tax Amnesty Act signed by President Duterte on Feb. […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has directed the Bureau of Internal Revenue (BIR) to work closely with the Department of Trade and Industry (DTI) in curbing a new scheme perpetrated by illegal tobacco traders involving the suspected use of recycled tax stamps on fake cigarettes. Finance Secretary Carlos Dominguez has ordered BIR […]
Read MoreMANILA, Philippines — Inflation may fall below three percent in April and remain within this level for the rest of the year, increasing the probability that the Bangko Sentral ng Pilipinas (BSP) may cut interest rates soon, according to London-based Capital Economics. In a research note issued over the weekend, the macroeconomy research firm said […]
Read MoreMANILA, Philippines (Updated 10:41 a.m.) — Consumer price growth in the Philippines continued to ease in March to post its slowest pace in 15 months on the back of softer pick up in food prices, the country’s statistics agency reported Friday, giving the central bank more space to tweak monetary policy settings. Data from the Philippine Statistics […]
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