Remittances from OFWs up anew in August
MANILA – Personal remittances from overseas Filipino workers (OFWs) rose by 3.3 percent in August, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the BSP on Tuesday showed that…
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UAE firms plan to invest over P25-B in PH
Dubai-based logistic firm DP World and Abu Dhabi-based clean energy company Masdar are eyeing to invest over PHP25 billion in the Philippines. Department of Trade and Industry (DTI) Acting Secretary…
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PH ready for more SoKor investments — PBBM
President Ferdinand R. Marcos Jr. assured South Korean investors on Monday that the Philippine government is fully prepared to welcome their investments, offering continued and unwavering support to foster business…
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PH finish strong in regulatory framework pillar in WB report
MANILA – The Anti-Red Tape Authority (ARTA) has welcomed the Philippines’ 16th place finish in one of the three pillars in the Business Ready (B-Ready) report of the World Bank (WB)…
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VAT on digital services to drive PhP105-B more revenues for gov’t – PBBM
In the first five years of its implementation, the Value-Added Tax on Digital Services Law is expected to generate P105 billion in additional revenues for the government, according to President…
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PH total external trade in goods up 4.5% in July
MANILA – The country’s total external trade in goods went up by 4.5 percent in July this year, the Philippine Statistics Authority (PSA) said. Data released on Sep. 20 2024 showed…
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Recto, Pangandaman urge Singaporean firms to invest in PH
MANILA – Finance Secretary Ralph Recto has urged Singaporean investors to explore investment opportunities in the country’s infrastructure flagship projects. In his speech during the 4th Philippine-Singapore Business and Investment Summit…
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Business confidence among Filipino CEOs highest since pandemic
MANILA – Filipino business leaders are becoming more optimistic since the pandemic, according to the Philippine CEO Survey of PwC Philippines and the Management Association of the Philippines (MAP) At the…
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ADB earmarks $24B for PH lending program for 2024-2029
MANILA – The Asian Development Bank (ADB) said lending for the Philippines is expected to reach USD24 billion between 2024 and 2029, as the government ramps up projects and programs to…
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Cebu ecozone expansion draws P35-B investments
MANILA — Philippine Economic Zone Authority (PEZA) Director General Tereso Panga said Wednesday the expansion of West Cebu Estate (WCE) is currently attracting PHP35 billion in investments. Panga, in a social…
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