Finance

PH posts USD24-M BOP surplus in Sept. ’17

MANILA - - The Philippines balance of payment (BOP) position reversed to a surplus in September 2017 after staying in deficit since last May. Data released by the Bangko Sentral ng Pilipinas...

Peso falls to 11-yr low vs. USD; PSEi bounces back

MANILA - - The peso fell to its 11-year low against the US dollar on Thursday while the Philippine Stock Exchange index (PSEi) bounced back after ending its three-day rally to...

CDO tops Mindanao cities in local revenue dependency

CAGAYAN DE ORO CITY—This city has topped other Mindanao cities in terms of local revenue dependency for 2016. According to a report released by the Bureau of Local Government Finance (BLGF), Cagayan...

DOF: New online trade facilitation system to cover rice, 6 other commodities by December

The government’s online trade facilitation platform that aims to minimize the costs of doing business and cut the processing time for import and export permits will initially cover rice and six...

DOF seeks US assistance in setting up tax academy

The Department of Finance (DOF) is seeking a possible grant from the United States in establishing the Philippines’ first tax academy, which will serve as a training institution that will provide...

PH continues to attract foreign firms: Lopez

MANILA -- The Philippines continues to attract foreign companies to explore opportunities in investing in the country, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. In an interview, Lopez said a...

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