Foreign business chambers and the electronics industry have rallied behind the proposal of Senator Ralph Rector for a “grandfather” incentives system in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Bill to ensure that existing investors will continue to invest in the...
Prospects for the electronics sector has brighten up with Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) now projecting a 7 percent growth in 2021 and an upgraded growth projection for 2020 from negative 15 percent to only 5 percent contraction. SEIPI President...
The central bank has fully awarded the P60-billion volume it offered for this week’s auction of 28-day Bangko Sentral ng Pilipinas (BSP) bills and it had a lower yield and bid ratio. The BSP’s securities offering is lower than P70 billion last week. Tenders amounted to P121.72 billion, higher...
...or as real as possible One of the things that made recently-crowned Miss Universe Philippines 2020 Rabiya Mateo of Iloilo stand out was her answer in the final Q&A portion of the pageant, when the top five contestants were asked: “If you could create a new paper currency with the image of...
Local contractors have joined hands to strongly oppose a bill that would fully open the construction business to foreigners, saying will spell the demise of the local construction industry which employs more than 4 million Filipinos. (MB file photo. Jansen Romero) House Bill (HB) 7337 seeks to...
State-run Land Bank of the Philippines (LandBank) is set to release P4.3 billion worth of loans to six local government units (LGUs) for the sole purpose of buying palay directly from farmers during this harvest season. In a statement, LandBank said yesterday that it recently made loan approvals...
The Philippine electronics industry suffered an estimated $4 billion loss as of August this year mainly due to the massive supply chain disruption during the pandemic, according to the Semiconductors and Electronics Industries in the Philippines Foundation Inc. (SEIPI). SEIPI President Dan Lachica...
Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
The auction of the Bangko Sentral ng Pilipinas’ (BSP) 28-day BSP Bill remained oversubscribed with a liquidity-heavy market while its average rate stayed put where it was a week ago. On Friday, the third week of the one-month BSP security auction, the BSP offered P50 billion and received tenders...
The Bangko Sentral ng Pilipinas (BSP) which during the term of Gloria Macapagal-Arroyo had to publicly apologize for the infamous “Arrovo” banknotes said that this time, the alleged P1,000 bill with an incorrect spelling of President Duterte’s name on it is not one of their own. The P1,000...
The Department of Finance (DOF) assured that the government’s plan for the economy to recover from the coronavirus-induced global crisis covers an array of programs meant to help small businesses get back on their feet. In a statement, Finance Secretary Carlos G. Dominguez III said that...
The Bureau of the Treasury (BTr) fully awarded yesterday bids for treasury bills yesterday's auction. The three- and six-month notes and one-year papers fetched average rates of 1.121 percent, 1.601 percent and 1.858 percent, respectively. The auction was more than three-times oversubscribed...
