Philippine Airlines yesterday said the maiden flight for its Manila-Phnom Penh route, the first direct flight between the two cities, will take to the skies on April 2. The Philippines’ national flag carrier will operate the route five times a week, connecting Phnom Penh International Airport and Manila’s Ninoy Aquino International Airport. James J. Bautista, […]
Read MoreMANILA, Philippines — The rate of increase in the prices of basic goods and services in the country slowed for the fourth straight month in February, registering a year-low 3.8 percent, as prices of most commodities softened, the Philippine Statistics Authority (PSA) reported yesterday. Based on its inflation report, the agency attributed the slower price […]
Read MoreMANILA, Philippines — It may still be too early to discuss moves to cut policy rates or banks’ reserve requirement ratio (RRR) with the year-to-date inflation still averaging above target, a senior official of the Bangko Sentral ng Pilipinas (BSP) said yesterday. Inflation last February slowed to an 11-month low of 3.8 percent, easing within […]
Read MoreMANILA, Philippines (Update 2, 10:38 a.m.) — Philippine inflation decelerated for another month in February, bringing the two-month tally near the government’s target range for the year. Consumer-price growth stood at 3.8 percent in February, slower than 4.4 percent recorded in January, the Philippine Statistics Authority reported Tuesday, adding that the latest reading is the lowest since […]
Read MoreMANILA, Philippines — Inflation likely eased last month back to within the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) due to easing food prices, particularly that of rice, according to economists. In a report, ANZ Research chief economist for Southeast Asia and India Sanjay Mathur said inflation last month […]
Read MoreVarious government agencies are now working closely to ensure that foreigners working for offshore gaming operators are paying income taxes, the Finance department said on Sunday. In a statement, the department quoted Finance Secretary Carlos Dominguez 3rd as saying that the list of foreign nationals working for service providers of Philippine offshore gaming operations (POGO) […]
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