MANILA, Philippines — The Bureau of Customs (BOC) is implementing early next year a fuel marking and monitoring scheme to help prevent the smuggling of oil into the country. In a statement released over the weekend, the BOC said the fuel marking system, as provided under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, is expected to go full […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may no longer raise policy rates in December as inflation is expected to ease toward the end of 2019, giving it space to bring down the reserve requirement for banks, the chief economist of the Bank of the Philippine Islands (BPI) said yesterday. In a briefing, BPI lead […]
Read MoreMANILA, Philippines — The Philippines is aiming for a 20 percent increase in bilateral trade with the European Free Trade Association (EFTA) by next year, and to at least double the trade volume in three years, following the implementation of the parties’ free trade agreement (FTA). “Our objective is for this (Philippines-EFTA FTA) to really […]
Read MoreMANILA, Philippines — Almost a month after the interagency National Food Authority (NFA) council gave its nod, rice importation by supermarkets remains slow and still way below the 350,000 metric tons allocation. Agriculture Secretary and NFA Council chairman Emmanuel Piñol said of the allocated volume, only 15,000 MT has been approved which was applied by […]
Read MoreMANILA, Philippines — Government spending on infrastructure exceeded its target in the first nine months with the Duterte administration’s massive infrastructure program already in full swing, according to the Department of Budget and Management (DBM). According to the latest disbursement performance report of the DBM, spending on infrastructure and other capital outlays reached P570.8 billion […]
Read MoreBUSINESS tycoon Manuel Pangilinan is optimistic the agreements inked by the Philippines and China will result in the resumption of the exploration in the West Philippine Sea. The accord is a “small but significant step both for China and the Philippines,” Pangilinan said during the Meralco Technology & Innovation Summit 2018 held at the listed […]
Read More
Thailand
