Economy / Banking

Business recovery very likely as restrictions ease — employers group

Maris Federez   •   October 22, 2021

MANILA, Philippines — The Employers Confederation of the Philippines (ECOP) is confident that businesses will be able to recover soon as alert level restrictions begin to ease in selected areas...

DOE asks Congress to amend Oil Deregulation Law

Robie de Guzman   •   October 20, 2021

The Department of Energy (DOE) has called on Congress to amend provisions in the Oil Deregulation Law to allow the government to address oil price hikes amid high global demand...

DBM: Additional P451.31 million released for health workers’ risk allowance

Robie de Guzman   •   September 29, 2021

MANILA, Philippines – The Department of Budget and Management (DBM) on Wednesday said it has released an additional P451.31 million for the Special Risk Allowance (SRA) of eligible public and...

BOC destroys over P13M worth of smuggled onions in Bukidnon

Robie de Guzman   •   September 28, 2021

A total of P13.5 million worth of smuggled onions were destroyed in Bukidnon, the Bureau of Customs (BOC)-Port of Cagayan de Oro said. In a statement, the BOC said the...

BOC looking into alleged smuggling of carrots into PH

Robie de Guzman   •   September 28, 2021

MANILA, Philippines – The Bureau of Customs (BOC) on Tuesday said it has launched an investigation into reports on the alleged sale of smuggled carrots in the country. In a...

20-piso banknote remains legal tender — BSP

Maris Federez   •   September 28, 2021

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has advised the public that the 20-Piso New Generation Currency (NGC) banknotes remain as legal tender and that it still can...

Duterte signs law on POGO tax

Robie de Guzman   •   September 23, 2021

MANILA, Philippines – President Rodrigo Duterte has signed into law a bill seeking to set up a tax regime for Philippine Offshore Gaming Operators (POGO), Malacañang said on Thursday. Presidential...

SMC gets gov’t approval for Pasig River Expressway project

Robie de Guzman   •   September 22, 2021

MANILA, Philippines — San Miguel Corporation (SMC) has secured a greenlight from the Philippine government for its Pasig River Expressway (PAREX) project, more than a year since it was proposed....

Bangko Sentral shares tips in determining fake banknotes

Robie de Guzman   •   September 9, 2021

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Thursday advised the public to carefully check their banknotes to ascertain the genuineness of the Philippine currency. The BSP issued the...

PH unemployment rate eases in July – PSA

Robie de Guzman   •   September 7, 2021

MANILA, Philippines – The number of unemployed Filipinos eased in July amid lingering quarantine restrictions, the Philippine Statistics Authority (PSA) said Tuesday. In its report, the PSA said the unemployment...

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