Finance

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...

BSP allows banks to extend ops for tax payment collections

MANILA -- Banks that assist the Bureau of Internal Revenue (BIR) in receiving tax payments have been allowed to extend operations on two Saturdays of April as well as operations schedule...

Aguirre on ouster calls: ‘I still enjoy Duterte’s trust’

MANILA – Department of Justice (DOJ) Secretary Vitaliano Aguirre II on Tuesday said he is ready to step down once President Rodrigo R. Duterte tells him so. Aguirre made this reaction amid calls...

DOF execs eye at least P18-B gain from planned fuel marking

 MANILA - - Officials of the Department of Finance (DOF) expect to gain at least PHP18 billion from the planned implementation of fuel marking by early 2019. Finance  Assistant Secretary Mark Dennis Joven...

PH eyes exclusion of export items from VAT payments

MANILA -- Finance officials are now considering a move to follow the international norm of not requiring value added tax (VAT) payments for items bought in the country but will be...

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