Finance

Remittances rebound in April

MANILA -- As expected by the market, remittances in April made a positive turnaround after declining in March, when there were fewer banking days due to the Holy Week holidays. Bangko Sentral ng...

TRAIN 2 ‘pro-business, pro-investments, pro-incentives’

MANILA -- The Department of Finance on Tuesday branded the proposed second package of the Duterte administration’s Tax Reform for Acceleration and Inclusion program or TRAIN 2 as "pro-business, pro-investments, and...

DOF eyeing rural banking reforms to lessen ‘unbanked’ Filipinos

DAVAO CITY—The Department of Finance (DOF) is pushing a trio of initiatives to enable the rural banking system to meet the challenge of reducing the number of "unbanked" Filipinos, given that...

BSP approves IRR of credit card law

MANILA – The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the implementing rules and regulations (IRR) of the law regulating the Philippine credit card...

DOF sees April inflation at 4.5%

MANILA -- The Department of Finance (DOF) expects inflation for the month of April at 4.5 percent, with "sin products" contributing substantially to the upward price pressure. In its latest economic bulletin,...

Weak Peso could make BSP hawkish: Economist

MANILA -- An economist of Dutch financial giant ING Bank said the continued weakness of the Philippine peso could push the Bangko Sentral ng Pilipinas (BSP) into a hawkish posture amid...

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