Business

PH maintains BBB+ credit rating

The Philippines maintained its BBB+ credit rating amid the Covid-19 pandemic. Japanese credit rating company Rating and Investment Incorporated (R&I) recently reported that the Philippine economy suffered “a severe contraction due to...

DTI records over 400K business registrations in 1-Q 2021

The Department of Trade and Industry (DTI) logged 432,962 registrations of new businesses in the first quarter of 2021. According to DTI Secretary Ramon Lopez, the majority of the new businesses registered...

Diokno: PH prioritizing IT infra investment for economic recovery

By Joann Villanueva/PNA MANILA – Investing in information technology (IT) infrastructure is now among the priorities of the Duterte administration to ensure an inclusive recovery from the pandemic, Bangko Sentral ng Pilipinas...

Pasay sees higher tax collections this year; eases rules on doing business

Pasay Mayor Emi Calixto-Rubiano is confident that the city will surpass last year’s tax collection of P6.8- B even as they have also initiated various reforms to encourage investors and keep...

Feb. 2021 OFW personal remittances up 5.3% from Feb. 2020

The amount of money sent home by overseas Filipino workers (OFWs) in February improved 5.3% on a year-on-year basis, according to the Bangko Sentral ng Pilipinas (BSP). In a report, the BSP...

DOF to continue economic reforms, digitization, climate change action

Finance Secretary Carlos Dominguez III said that in order to fully liberalize the Philippine economy, the government will continue to push for the amendments to the Foreign Investments Act (FIA), Public...
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