DoF lowers revenue projections from mining fiscal reform bill to P6.3 billion
The bill rationalizing the mining fiscal regime is one of the priorities of the Legislative-Executive Development Advisory Council. — REUTERSBy John Victor D. Ordoñez, Reporter THE DEPARTMENT of Finance (DoF) has lowered its yearly revenue estimates to P6.3 billion
External debt service declines at end-May
REUTERSTHE COUNTRY’S external debt payments declined by 14.8% as of end-May, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.The Philippines’ debt service burden on its external borrowings fell to $5.62 billion from $6.595 billion a year ago.Central bank
Air travel demand at risk from inflation-driven spending cuts
UNSPLASHRISING INFLATION in the Philippines, which reached 4.4% in July, is likely to reduce consumer spending on leisure travel and could weaken overall demand for air travel, according to analysts.“Persistent inflation reduces purchasing power, so it can affect demand for
DigiPlus seeks gaming license in Brazil
LISTED DigiPlus Interactive Corp. is targeting an expansion into Brazil’s digital gaming sector, citing the recent legalization of betting activities in the country. The company’s subsidiary, DigiPlus Brazil Interactive Ltda., expects the result of its license application filed in Brazil
Sinag Maynila film fest returns
1 of 5BACK after a four-year hiatus following the pandemic, the sixth edition of the Sinag Maynila Film Festival is presenting seven full-length features, 10 short films, and seven documentaries that may have been presented in other film festivals but