Business

DTI still reviewing SRP as oil prices keep rising

The Department of Trade and Industry (DTI) is still studying whether or not to release adjusted suggested retail prices (SRP) of basic goods and commodities amid the successive fuel price hikes. In...

PH gives highest perks for new tech investments

The Philippine government, through the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is giving generous fiscal incentives for investments in new technologies.

SEC sets cap on interest rates, fees by lending firms

The Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas have set a cap on the interest rates and other fees charged by lending and financial companies, together with their...

Shift to Alert Level 1 pushed to open remaining industries

Several individuals and the business sector are appealing to the government to deescalate the National Capital Region (NCR) to Alert Level 1 to support economic recovery. Presidential Adviser for Entrepreneurship Joey Concepcion...

Monetary Board holds policy settings steady

At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.0 percent. The interest rates on the...

BSP: Passage of FCPA, PDIC amendments to reinforce trust in financial system

The Bangko Sentral ng Pilipinas (BSP) commended the Philippine Congress for the passage of the Financial Consumer Protection Act (FCPA) and the amendments to the Philippine Deposit Insurance Corporation (PDIC) charter. “The...
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