Finance

Binay asks BSP to temporarily stop new P5 coins in circulation

To avoid further public confusion, Senator Nancy Binay on Wednesday said that the Bangko Sentral ng Pilipinas (BSP) might consider to temporarily stop the issuance of new generation coins that it...

New measure reduces tax burden of Filipinos

President Rodrigo Roa Duterte signed into law Republic Act 10963, otherwise known as the “Tax Reform for Acceleration and Inclusion (TRAIN) Act, which reduced the tax burden of common Filipino taxpayers. Individuals...

MSMEs get lion’s share on DTI’s 2018 budget

MANILA -- Bulk of the budget of the Department of Trade and Industry (DTI) next year is allocated to its projects and programs to help micro, small, and medium enterprises (MSMEs) in...

4 delinquent firms face P52-M tax raps

MANILA -- As part of President Rodrigo Duterte administration’s campaign to go after tax evaders, the Bureau of Internal Revenue (BIR) filed separate tax evasion complaints before the Department of Justice...

BSP revises down PH balance of payment for 2017

MANILA -- The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) has revised down the expected deficit in the country’s balance of payment (BOP) position for 2017 to USD1.4 billion from...

Peso stays firm vs. USD; PSEi slips after 2-day rally

MANILA - - The Philippine peso ended the week little changed against the US dollar but the main equities index ended its rally due to profit-taking. The local currency finished Friday at...

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