Economy / Banking

DOE chief Cusi invites US firms to invest in PH energy development

Robie de Guzman   •   April 16, 2021

MANILA, Philippines – Department of Energy (DOE) Secretary Alfonso Cusi has called on the American business community to look into opportunities in the Philippine energy sector, particularly in renewable energy,...

DOE asked to explain approval of Udenna’s acquisition of Chevron’s Malampaya stake

Robie de Guzman   •   April 16, 2021

  MANILA, Philippines —  Senator Sherwin Gatchalian on Friday called on the Department of Energy (DOE) to explain its decision to allow the transfer of Chevron Philippines’ stake in Malampaya to...

Customs destroys P50-million worth of smuggled cigarettes in Zamboanga

Robie de Guzman   •   April 15, 2021

  Operatives from the Bureau of Customs (BOC)-Port of Zamboanga destroyed some P50 million worth of smuggled cigarettes in a warehouse in Barangay Baliwasan. The BOC said the smuggled cigarettes...

NEDA wants intensified detection, testing amid ECQ extension in NCR+

Robie de Guzman   •   April 6, 2021

MANILA, Philippines – The National Economic Development Authority (NEDA) has pushed for a more intensified implementation of the Prevent, Detect, Isolate, Treat, and Recover (PDITR) strategy to maximize the effectiveness...

PH inflation eased to 4.5% in March — PSA

Robie de Guzman   •   April 6, 2021

MANILA, Philippines — Inflation or rate of increase in the prices of goods and services slightly slowed down in March due to slower price movement of food and non-alcoholic beverages, data...

BSP issues digital banking license for Overseas Filipino Bank

Robie de Guzman   •   April 5, 2021

MANILA, Philippines – The Overseas Filipino Bank (OFBank) has officially become the first branchless digital-only bank in the country’s history after securing a digital banking license from the Monetary Board...

QC gov’t extends deadline for real property tax payment to April 20

Robie de Guzman   •   March 31, 2021

The Quezon City government has extended the deadline of the real property tax payment and tax amnesty until April 20 following the implementation of the enhanced community quarantine (ECQ) period...

Unemployment rate in PH rose to 4.2M in February – PSA

Robie de Guzman   •   March 30, 2021

MANILA, Philippines – The number of Filipinos who lost their jobs jumped to 4.2 million in February this year, based on data released by Philippine Statistics Authority (PSA) Tuesday. In...

Taxpayers can file tax returns ‘anywhere’ amid COVID-19 surge – BIR

Robie de Guzman   •   March 30, 2021

MANILA, Philippines – The Bureau of Internal Revenue (BIR) announced that taxpayers will be allowed to file their tax returns and pay taxes outside of the Revenue District Office (RDO)...

Essential services to continue despite ECQ, BSP says

Robie de Guzman   •   March 29, 2021

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Monday assured it would continue to provide essential services despite the re-enforcement of enhanced community quarantine (ECQ) in the National...

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