Economy / Banking

New ASF outbreaks reported in 6 Luzon provinces, DA says

Robie de Guzman   •   September 24, 2020

MANILA, Philippines – New outbreaks of the African Swine Fever (ASF) have been monitored in six provinces in Luzon, the Department of Agriculture (DA) said Thursday. During a Laging Handa...

Bureau of Customs steps up drive vs rice smuggling

Robie de Guzman   •   September 23, 2020

MANILA, Philippines – The Bureau of Customs (BOC) is ramping up its campaign against rice smuggling even amid the novel coronavirus disease (COVID-19) pandemic by conducting raids on warehouses suspected...

Solon proposes loans, training, other benefits for small online businesses dubbed as ‘saviors of economy’

Marje Pelayo   •   September 21, 2020

MANILA, Philippines — House Committee on Ways and Means chairman Joey Salceda of the 2nd District of Albay has filed a bill that seeks to provide support measures for small...

Philippines, Japan ink 50-B yen standby loan deal for post-disaster efforts

Robie de Guzman   •   September 16, 2020

MANILA, Philippines – The Philippines and Japan signed an agreement for a 50 billion yen (around P23.3 billion) standby loan which aims to quickly disburse funding support for the government’s...

Landbank offers P150,000 loan for private school students under i-STUDY program

Robie de Guzman   •   September 15, 2020

MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) is offering loans up to P150,000 per student to families in need of financial assistance to continue sending their children...

Quezon City gov’t taps e-commerce platform to help small businesses

Robie de Guzman   •   September 9, 2020

The Quezon City government has partnered with the online shopping platform, Shopee to provide free registration for the city’s micro, small, and medium enterprises (MSME), the local government announced. In...

Davao City named Philippines’ cacao capital

Robie de Guzman   •   September 8, 2020

MANILA, Philippines – The Department of Agriculture (DA) has officially recognized Davao City as the cacao capital of the Philippines. Agriculture Secretary William Dar led the ceremony for the declaration...

DOF, BIR to allow taxpayers to settle 2018 tax deficiencies sans audit

Robie de Guzman   •   September 7, 2020

MANILA, Philippines – Taxpayers who have yet to pay their liabilities will now be able to settle them without an audit, the Department of Finance (DOF) said Monday. In a...

BI collects over P3 billion revenues in first half of 2020

Robie de Guzman   •   September 7, 2020

MANILA, Philippines – The Bureau of Immigration (BI) on Monday said it has raised more than P3 billion in revenues during the first half of 2020 despite the outbreak of...

DOF seeks swift Congress OK of 2021 budget bill

Robie de Guzman   •   September 7, 2020

MANILA, Philippines – The Duterte administration’s economic team has urged Congress to quickly approve the proposed P4.5 trillion national budget for next year to ensure funding for government’s plans to...

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