ASEAN tourism ministers announced their plan for 2016-2025, citing the need to focus on the quality of offerings as the region prepares for an expected 152 million international arrivals by the end of that period.
Jan 222016
Jan 222016
Legislators retained provisions in the Customs Modernization and Tariff Act (CMTA) increasing the ceiling for tax-exempt items sent home by Filipinos overseas, as well as those granting additional benefits for Overseas Filipino Workers (OFWs).
Jan 212016
REMITTANCES may suffer big blow should ongoing tensions between Saudi Arabia and Iran spill over to the rest of the Middle East, a central bank official said, as it would limit opportunities for overseas Filipinos to find jobs elsewhere in the region.
Jan 212016
THE BUDGET department has issued the call for government agencies to start drawing their spending plans for next year.
Jan 212016
CAGAYAN DE ORO CITY — Regional delegates are staging a five-day meeting in this city to evaluate the Philippine cooperative experience for possible application in developing economies such as Sri Lanka and Bangladesh.
Jan 202016
GROWTH in gross domestic product (GDP) could come in close to 6% in 2015, Bank of the Philippine Islands (BPI) said, and is poised to hit the high end of projections in 2016 due to improved public spending and a demand boost from the national elections.
Jan 202016
THE OUTFLOW of funds from the Philippine stock market in December was based mainly on sentiment, the Finance department’s chief economist said, and recommended that the government continue to talk up positive factors like the strength of the economy and corporate profits.
Jan 202016
As markets continue their slow-motion crashes around the world, private entities and governments alike are scrambling for liquidity against a backdrop of bursting bubbles and declining asset prices. The Philippine government is no exception. In an unprecedented move, the Philippine Supreme Court’s (SC) Third Division overturned a long-standing rule in order to increase the government’s revenue base from assessments.
Jan 192016
THE BALANCE of payments (BoP) position was in surplus in December, bringing the 2015 balance well above the $2 billion surplus expected for the year, the Bangko Sentral ng Pilipinas (BSP) said.
Jan 192016
REMITTANCES will continue to drive Philippine growth, albeit at a slower pace in the next five years compared with 2015 levels, an economist at Hongkong and Shanghai Banking Corp. Ltd. (HSBC) said, noting that as the country’s “external buffer” is eroded, it becomes more vulnerable to external volatility.