BSP to cut rates by 25 bps — poll
The skyline of Metro Manila, Oct. 11, 2024. — PHILIPPINE STAR/EDD GUMBANBy Luisa Maria Jacinta C. Jocson, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) will likely continue its easing cycle with another 25-basis-point (bp) rate cut at its meeting on
Government debt payments decline in August
BW FILE PHOTOBy Beatriz Marie D. Cruz, ReporterTHE NATIONAL GOVERNMENT’S (NG) debt service payments slipped year on year in August as principal payments for domestic borrowings dropped, the Bureau of the Treasury (BTr) reported.The latest data from the BTr showed
Recto says ‘wealth tax’ is not necessary in PHL
People sit outside a luxury retail mall in Singapore June 15, 2017. — REUTERSBy Beatriz Marie D. Cruz, ReporterFINANCE SECRETARY Ralph G. Recto is not in favor of a “wealth tax,” saying there are already enough taxes.“I think we have
Tariff cuts result in nearly P9B in foregone revenues
EXECUTIVE ORDER NO. 62 reduced tariffs on imported rice to 15% until 2028. — PHILIPPINE STAR/RYAN BALDEMOR TARIFF CUTS on imported rice and electric vehicles (EVs) resulted in nearly P9 billion in foregone revenues, the Bureau of Customs (BoC) said
Asia exports to outperform with 2024 growth of 7.4%
A worker uses a microscope at an electronics manufacturing assembly plant in Biñan, Laguna, April 20, 2016. — REUTERSEXPORTS from Asia are expected to grow 7.4% this year, outperforming other regions, the World Trade Organization (WTO) reported.In its October Global