Economy

Monetary Board holds policy settings steady

PR At its meeting on monetary policy today, the Monetary Board decided to maintain the interest rate on the BSP’s overnight reverse repurchase facility at 2.0 percent. The interest rates on the...

CREATE Bill up for PRRD’s signature

The proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law aiming to reduce income tax rate to attract foreign investments is up for President Rodrigo Duterte’s signature. Both houses of Congress...

DILG: House committee OK of economic amendments a big step towards recovery

DILG PR Yesterday’s approval of the economic amendments in the 1987 Constitution by a committee of the House of Representatives is a big step towards the country’s long-term recovery from the impact...

DTI: E-commerce to help in economic recovery

The Department of Trade and Industry (DTI) disclosed that e-commerce will greatly help in the recovery of the Philippine economy. In a public briefing, DTI Undersecretary Ruth Castelo stated that since the...

BSP projects point inflation of 3.7 percent for January 2021

BSP PR The BSP projects January 2021 inflation to settle within the 3.3 - 4.1 percent range. Higher prices for fuel and meat as well as increased Meralco power rates and excise taxes...

Investing in stock market still a challenge to many

  Many individuals are still intimidated in investing in the stock market. Aside from the fear of financial loss, among the concerns on investing is the confusion brought about by quotes, data, charts,...

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