Singapore-based United Overseas Bank (UOB) has downgraded its 2025 economic growth forecast for the Philippines amid global trade uncertainties, which, in turn, bolstered its expectations of further interest rate cuts. In its new quarterly global outlook report for the third quarter of 2025,...
More than 72,000 local and overseas job opportunities will open on June 12 through the Department of Labor and Employment (DOLE) job fair held in celebration of Independence Day. DOLE Assistant Secretary Patrick Patriwirawan Jr. said some 800 employers from various industries are expected to...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
Over 70,000 Filipinos working and residing in South Korea will soon gain easier access to financial services as Philippine-based ADVANCE.CBP has partnered with Korea Credit Bureau (KCB) to enable the use of Philippine credit data abroad. According to a statement released on Tuesday, June 3, the...
DAVAO CITY – The Bureau of Customs (BOC) formally turned over 2,954 “balikbayan” (returning Filipino) boxes to the Department of Migrant Workers (DMW) during a ceremonial turnover on Thursday morning, May 29, at the Terminal Facilities and Service Corp., Port of Davao, Barangay Ilang,...
The proposal to tax outbound remittances of non-United States (US) nationals would slash Philippine inflows by as much as $476.5 million or over ₱26 billion per year, according to estimates from the Washington-based Center for Global Development (CGD). In a May 28 blog post, CGD experts Helen...
Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics. "The proposed five-percent US tax on remittance outflows would have a particularly large negative...
Efforts by supporters of former President Rodrigo Duterte to disrupt overseas remittance flows through a self-declared “no remittance week” in March failed to dent inflows, as cash sent home by Filipinos rose by 2.6 percent that month, data from the Bangko Sentral ng Pilipinas (BSP) showed....
President Marcos has called on overseas Filipino workers (OFWs) to take part in the 2025 midterm polls, saying their vote is vital to building a better Philippines. President Ferdinand 'Bongbong ' Marcos Jr. (Malacañang/Screenshot) In a video message posted on his social media...
The coast isn 't clear yet for domestic inflation, as Singapore-based United Overseas Bank (UOB) sees looming United States (US) tariffs as a global price risk for an economy like the Philippines, which imports the bulk of the goods it consumes. "The US reciprocal tariffs after the 90-day...
The Philippine Embassy in Islamabad has cancelled a scheduled consular and overseas voting mission in Lahore in the province of Punjab in Pakistan, citing security concerns amid the ongoing tensions in the India-Pakistan border. A relative wails during the funeral procession of Adil Hussain Shah,...
LOPEZ, Quezon – Police arrested a 37-year-old man for extorting P200,000 from an Overseas Filipino Worker in exchange for non-disclosure of her alleged affair with another man here on Wednesday afternoon, April 30. Police identified the suspect as Christopher, single. Investigation said...
