Remittances ease to $3 billion in November
Remittances sent home by Filipinos abroad eased to $3 billion in November 2023, reaching their lowest level in six months despite the holiday season......»»
'There s today momentum in India which has to be experienced to be believed': Jaishankar in Singapore
Singapore, March 23 (ANI): External Affairs Minister S Jaishankar on Saturday said there's today momentum in India which has to be experienced to be believed and the country is going to be a much bigger economy in the coming years. Jaishankar, who reached Singapore earlier today as part of his three-nation visit, said apart from increase in ease of living and ease of doing business, India is ramping up its infrastructure.....»»
Some firms still violate ease of doing biz law despite Arta
The Anti-Red Tape Authority-Eastern Mindanao Region (Arta-EastMin) revealed that there are still several businesses in their jurisdiction that violate the implementation of the Ease-of-Doing-Business Law and other red tape concerns despite the agency’s comprehensive collaboration with other security and law enforcement......»»
Villar: Biz groups just want ease of doing business
Instead of amending the 1987 Constitution, business groups want the government to focus on the effective implementation of the ease of doing business law and addressing the problem of corruption, Sen. Cynthia Villar said yesterday......»»
Hear ye, I will ease your burden but when? (2nd of 2 parts)
The Ease of Paying Taxes Act touches on one “problematic” process that occurs after the filing of tax returns – the refund process which is generally viewed as time-consuming......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Bank credit growth slows anew in November
The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
Government raises IPAs project approval threshold to P15 billion
The government has increased the investment capital threshold assigned to investment promotion agencies (IPAs) to P15 billion in a bid to promote the ease of doing business......»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
Cebu City sets 14 road opening, widening projects worth P3.8B
CEBU CITY, Philippines – The Cebu City government is set to implement 14 road opening and widening projects this year in a bid to ease traffic. Engr. Miralex Toribio, acting assistant city engineer of the Department of Engineering and Public Works (DEPW), disclosed that around P3.8 billion worth of road opening and widening projects.....»»
Remittances up by 2.6% in March — BSP
The Bangko Sentral ng Pilipinas attributed the increase in personal remittances to the inputs of land-based workers with work contracts of one year or more and sea- and land-based workers with work contracts of less than one year......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
DBM: Infrastructure, capital expenditures breach P1 trillion
Expenditures of the national government for infrastructure and other capital outlays grew to P1.02 trillion from January to November 2023 from only P861.8 billion in the same period in 2022, according to the Department of Budget and Management......»»
NEWSBRIEFS | 1 February 2024
Panguil Bay Bridge completed by June 2024 CAGAYAN DE ORO CITY (MindaNews / 1 February)—The final span of the Panguil Bay Bridge would be connected by June this year, completing the project that started in November 2018, according to the Northern Mindanao director of the National Economic Development Authority, Mylah Faye Aurora Cariño. The P7.135-billion […].....»»
Approved foreign investments into Philippines fall 63.6 pct in Q1
MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
Filinvest cleared to sell P10 billion fixed bonds
Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»
When It’s Time to Say Goodbye to That Credit Line
Credit lines can be a double-edged sword for those who are undisciplined with money. On one hand, they offer a very convenient access to funds for emergencies or purchases. On the other hand, the ease of swiping a card or making a purchase through an online-only use credit line can mask the reality that the […].....»»