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Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
SC affirms conviction of man caught with fake bills
The Supreme Court has upheld the conviction of a man arrested for possession and use of counterfeit Philippine peso bills......»»
Rewind breaks P900M mark, including over P50M abroad
"Rewind" starring real-life couple Marian Rivera and Dingdong Dantes surpassed the P900-million peso mark at the global box office, a first for any Filipino film......»»
Isinusulong na Cha-cha, Peso initiative not peoples initiative — Senador
NANINIWALA si Senador Sherwin Gatchalian na hindi maaring tawagin pang Peoples Initiative kundi Pera initiative na ito ay dahil kapalit ng paglagda ng taong bayan ay may kapalit na halaga. Ayon kay Gatchalian batay sa impormasyong kanyang nakalap sa bawat pirma ng isang tao ay mayroong kapalit na isang daan o dalawang daang piso. Kung ….....»»
Samsung’s base Galaxy S24 starts at P53,990, Ultra at P84,990
The cheapest base model gets twice the memory as the 2023 version, while the Ultra line gets a 3,000-peso price bump across the range.....»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
BDO to raise P5 billion via sustainability bonds
BDO Unibank Inc. is raising at least P5 billion as it returned to the domestic debt market via the issuance of peso-denominated fixed-rate sustainability bonds......»»
Subic sees more investment incentives under CREATE Act
Investor companies located in this free port zone are expected to benefit from more tax perks as the government seeks to rationalize taxes and attract more investments under Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises Act......»»
China sees red, issues warning as Philippine activists sail towards disputed reef
Manila [Philippines], May 16 (ANI): Philippine activists have embarked on a voyage towards a disputed reef in the South China Sea, prompting China to issue warnings against Manila for permitting the civilian mission in the West Philippine Sea, a term Manila uses for waters in the South China Sea that fall within its 200-nautical mile EEZ, Voice of America reported. A makeshift fleet comprising hundreds of fishing boats de.....»»
Isabela sees socialized condo
A socialized condominium in Isabela will be developed to propel the government’s affordable housing program......»»
Philippines sees remittances rise 2.6 pct in March
MANILA, May 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.05 billion U.S. dollars in March, recording a 2.6 percent growth year-on-year, the Philippine central bank said on Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first quarter amounted to 9.15 billion dollars, 2.8 percent higher than the amount in the same period in 2023. The.....»»
CHR sees potential in new human rights coordinating body
In a statement, CHR Chairperson Richard Palpal-latoc said that an integrated government approach is crucial in addressing human rights issues in the country. .....»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
PCSO sees higher earnings if illegal gambling curbed
The Philippine Charity Sweepstakes Office (PCSO) could have remitted higher dividends to the government had the authorities been successful in neutralizing illegal gambling operations in the country. .....»»
Puregold sees sustained growth this year
Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, is optimistic on sustained revenue growth this year after ending the first quarter with positive financial results......»»
Cebu City Niños sees homecourt advantage in CVIRAA hosting
CEBU CITY, Philippines — The perennial champions and the host team of the Central Visayas Regional Athletic Association (CVIRAA), the Cebu City Niños, will field a total of 524 athletes for the week-long meet from May 4-9 in various venues, here. The total number of athletes was revealed by its delegation head Francis Ramirez on.....»»
Recto sees at least 5.8 percent GDP growth in Q1
The Philippine economy may have expanded by at least 5.8 percent to as much as 6.3 percent in the first quarter as inflation remained a concern for the government......»»
Norway sees stronger economic ties with Philippines
Norway expects trade with the Philippines to continue to rise, supported by an existing free trade agreements (FTAs) and the growing market that will encourage more Norwegian firms to do business in the country......»»
BPI bullish this year amid continued loan growth
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»