Finance

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...

Insurance firm expands in Mindanao, assures stability

CAGAYAN DE ORO CITY – Amid the failure of several insurance companies to maintain higher net worth requirement, an international insurance firm has assured that it is financially stable and capable...

Economist eyes further PHP weakness after RRR cut

MANILA -- An economist of ING Bank Manila forecasts the Philippine peso to weaken following the cut in Philippines banks’ reserve requirement ratio, which the Bangko Sentral ng Pilipinas (BSP) announced Thursday. The...

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