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The Bangko Sentral ng Pilipinas (BSP) is committed to pursue liberalization initiatives as well as capital market reforms amid the scheduled changing of the guards in the central bank next week.

The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law.

The government sees sustained growth in public spending in the coming months after a recovery in its disbursement performance last May, the Bureau of the Treasury (BTr) said.


Oil is technically back in bear market territory.

Inasmuch as we can’t expect our political leadership to abolish the tourism department anytime soon, we might as well make sure those who are now pretending to lead it are able to do some good.

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Global technology and services supplier Bosch expects continued growth of its business in the Philippines after closing  2016 with sales of $56 million or an increase of 13 percent year on year.

UCPB has been tapped by the Armed Forces and Police Savings and Loan Association Inc. (AFPSLAI) to help facilitate the pay out of the loans it issues to its members.

The Development Bank of the Philippines (DBP) has opened two new branches in Talisay City, Cebu and Guagua, Pampanga, expanding its total network to 120.

State-run Social Security System (SSS) is backing proposed amendments to the Social Security Law which it said would strengthen services provided by the pension fund.

The country’s largest organization of key real estate and housing industry players lauded the recent move of the Home Development Mutual Fund, more popularly known as Pag-IBIG Fund, to lower housing loan interest rate to three percent for minimum wage earners, saying it will encourage home acquisition among the millions of low-income workers.

The Philippine Chamber of Commerce and Industry (PCCI) has teamed up with two government agencies to improve market access of small farmers.

The International Chamber of Commerce in collaboration with the Center for Global Best Practices will hold a special seminar on the topic titled “Incoterms: Revised International Rules in the Interpretation of Trade Terms” on July 28, 2017 at the EDSA Shangri-La Hotel in Mandaluyong City.

The Bureau of Internal Revenue has opened a satellite office for its Marawi operations in Iligan City, almost a month after the crisis situation began.

The National Commission for Culture and the Arts (NCCA), Department of Tourism and  Smart Communications Inc. have launched a mobile app to serve as a travel guide for tourists.

The national government’s fiscal balance swung back to a deficit in May as public spending outpaced revenue collections, the Bureau of the Treasury reported yesterday.


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