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Philippines to grow at faster pace this year – PIDS
Despite global economic challenges, the Philippine economy is expected to expand at a faster pace this year than in 2023, according to state think tank Philippine Institute for Development Studies......»»
Economy to expand at faster pace in 2024
The Philippine economy is expected to grow at a faster pace this year than in 2023 despite headwinds, but the growth will be below the government’s target, according to First Metro Investment Corp.......»»
MMDA: 82 percent of litterbugs threw away cigarette butts
Of at least 15,785 people apprehended for littering in Metro Manila last year, around 82 percent or 12,918 were accosted for tossing cigarette butts on the street, according to the Metropolitan Manila Development Authority......»»
Marcos orders crackdown on tobacco, vape smuggling
President Marcos has directed the customs and internal revenue bureaus to enhance their efforts against the smuggling of tobacco and vape products, during a meeting that tackled measures aimed at protecting the Philippines’ tobacco industry......»»
Senate probe sought on smuggling of luxury cars
Gatchalian, who chairs the Senate ways and means committee, said that the Senate investigation aims to determine "revenue leaks" from the smuggling of luxury cars......»»
SSS Surpass 2023 Revenue Target by 9.5%
The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Retail prices of building items increase at faster pace in April
Retail prices of construction materials in Metro Manila moved up at a faster rate in April from the previous month, with most commodity groups posting higher increases, according to the Philippine Statistics Authority......»»
Economy expands at faster clip of 5.7%
The Philippine economy expanded at a faster pace of 5.7 percent in the first quarter from 5.5 percent in the fourth quarter of 2023, helping the country retain its position as a leading force among emerging economies in Asia......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Factory gate prices rise faster in December
Producer prices went up at a slightly faster pace in December from the previous month, driven largely by the manufacture of computer and electronic products......»»
World Bank expects faster growth for Philippines this year
Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»
Philippines intensifies monitoring against illegal drug smuggling
MANILA, March 14 (Xinhua) -- The Philippine Coast Guard (PCG) said Thursday that it will heighten monitoring measures to fight against illegal drug smuggling. PCG Commandant Ronnie Gil Gavan issued the order after its force recovered 122.7 million pesos (about 2.2 million U.S. dollars) worth of suspected cocaine in the waters off and shorelines of central and southern Philippines this month. Gavan ordered.....»»
BOC: Cases of outright smuggling on the rise
There has been an increase in the number of cases of outright smuggling, the Bureau of Customs said on Friday......»»
British Chamber pushes for Anti-Agricultural Smuggling Act, lauds appointment of Recto as DOF Secretary
BCCP Executive Director/Trustee Chris Nelson reiterates support for the passage of the Anti-Agricultural Smuggling Act, one of the key priority legislation under the Marcos administration......»»
Debt-to-GDP ratio remains above int’l threshold at 60.2%
The country’s outstanding debt as a share to the overall economy slightly eased in the first quarter, but remained above the internationally accepted threshold, with the government urged to be on a serious lookout for more revenue sources......»»
Faster inflation could delay interest rate cuts – BDO
Faster inflation could delay monetary policy rate cuts from the Bangko Sentral ng Pilipinas , according to an official from BDO Trusts and Investments, the investment arm of BDO Unibank Inc......»»
LGUs tapped for faster distribution of seniors’ cash aid
LGUs tapped for faster distribution of seniors’ cash aid.....»»
Faster, cheaper internet eyed
Faster, cheaper internet eyed.....»»
Trade deficit narrows in February
The Philippines posted its narrowest trade deficit in five months in February as exports grew at a faster pace than imports, according to the Philippine Statistics Authority......»»