The extended enhanced community quarantine (ECQ) in Metro Manila and nearly provinces will push more than 100,000 additional Filipinos into poverty as these stringent lockdowns are seen take a heavier toll on the economy, jobs and household income. Finance Secretary Carlos G. Dominguez III and...
The Indian government has extended $50,000 worth of assistance to the Philippines' corn sector and has even initiated a bilateral exchange on agricultural technology with the Philippine government. Photo by Gaspar Uhas on Unsplash During the general membership meeting of the Philippine...
Finance Secretary Carlos G. Dominguez III expects the Home Development Mutual Fund, commonly known as PAG-IBIG Fund, will further boost its efforts in closing the housing gap and spur domestic activity as the government rolls out its recovery program this year. During the presentation on...
Finance Secretary Carlos G. Dominguez III has commended the Bureau of Customs for its better-than-expected revenues last year while ensuring the free flow of goods and redoubling its campaign against smuggling. During the Customs anniversary celebration last Tuesday, Dominguez said the...
The Philippine stock market gained a little more ground as investors are cautiously becoming more optimistic because of developments here and overseas. PSE file photo The benchmark PSEi moved up 16.60 points or 0.24 percent to close at 7,082.15 although the Financials and Industrial counters...
The local stock market chalked up some gains as losers investors were encouraged by a new US stimulus package and the arrival of vaccines in the Philippines. The main index rose 41.07 points or 0.59 percent to close at 7,065.55 with sectoral indices evenly mixed. Volume improved to 30.44 billion...
The PSEi managed to wipe out early losses to end in positive territory as investors were quick to buy back shares. The main index inched up by 5.30 points or 0.08 percent to close at 7,024.48 with only the Property and Holding Firms counters retreating. Volume improved to 29.55 billion shares worth...
The local stock market ended the week on a high note despite the inflation rate rising faster than expected. The main index jumped 115.43 points or 1.67 percent to close at 7,019.18 as share prices rose across the board led by the Property sector. Photo credit: PSE Information Desk However, volume...
Officials of the Bureau of Internal Revenue (BIR) and the Federal Tax Service (FTS) of Russia have met recently to discuss the latter’s best practices that could be applied in the Philippines to further improve its tax administration and compliance. On orders of Finance...
For the first time since late 2006, big banks’ outstanding loans declined by 0.7 percent year-on-year in December 2020 during the initial year of the COVID-19 pandemic which pulled the economy into a recession. Total bank lending net of banks’ reverse repurchase (RRP) placements with the Bangko...
The central bank’s term deposit facility (TDF) auction was still oversubscribed but results were mixed while yields continue to decline. “There was a slight undersubscription in the 7-day TDF, receiving bids 0.88x the offer volume. Meanwhile, the 14-day TDF was oversubscribed with bids 1.16x...
Finance Secretary Carlos G. Dominguez III has assured full support to the Department of Education’s (DepEd) efforts to ensure that Filipino learners continue their schooling despite the challenges brought by the coronavirus pandemic. MB file Dominguez said the DepEd's blended or hybrid learning...
