Finance

Book imports, purchases to remain tax-exempt: DOF

MANILA -- The Department of Finance (DOF) has assured the public on Tuesday that the purchase and importation of books will remain tax exempt under the second tax reform package of the...

BSP cuts 14-day TDF offering for September 26 auction

MANILA -- The Bangko Sentral ng Pilipinas (BSP) cut the offering for its 14-day Term Deposit Facility (TDF) up for auction on September 26, 2018 by half to PHP10 billion on the...

USD500M loan from WB available for ‘Ompong’ rehab

MANILA -- Post-Typhoon Ompong (Mangkhut) funding requirements can be augmented by a USD500 million loan from the World Bank (WB) that can be tapped once President Rodrigo R. Duterte declares a state...

Dominguez discounts off-cycle move

MANILA – Finance Secretary Carlos Dominguez III is optimistic the country's high inflation rate today will not affect the national budget and does not need an off-cycle measure from Bangko Sentral ng...

Financial literacy in PH gets boost

MANILA -- Teaching financial literacy to students got another lift through a multi-sectoral program to educate teachers on this topic and provide tools that will make financial education more interesting. Global payment technology...

Peso stays put despite depreciation risks, PSEi continues decline

MANILA -- The Peso ended Tuesday's session sideways against the US dollar despite the strong pull towards the 54-level but the Philippine Stock Exchange index (PSEi) declined for the fifth straight day...

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