April inflation slowed to 2.2%
May 5, 2020
Headline inflation settled at 2.2 percent in April which was slower than the 2.5 percent annual increase in March. This brings the year-to-date inflation for this year to 2.6 percent. In April 2019, inflation was higher at 3.0 percent. Contributing
ABS-CBN’s provisional authority up to NTC, says Palace
May 4, 2020
The provisional authority in order for ABS-CBN Corp. to continue its operations is up to the National Telecommunications Commission, Malacanang said on Monday. In a press briefing, Presidential Spokesperson Harry Roque said there is a law that grants the NTC
PSE index ends lower
May 4, 2020
The Philippine Stock Exchange ( PSE) index closed lower on Monday. The peso finished at P50.595 against the US dollar from P50.40 on April 30. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $906.8
General Government Debt down to 37.2 percent of GDP as of Sept 2019
May 3, 2020
The country’s consolidated General Government (GG) debt stood at P6.79 trillion in the third quarter of 2019, or down by 0.4 percentage point to the ratio of 37.2 percent of the gross domestic product (GDP) from the debt-to-GDP ratio of
POGOs now allowed to operate but need BIR, Pagcor clearance first – Palace
May 1, 2020
Malacañang said on Friday that Philippine Offshore Gaming Operators ( POGOs) are allowed to resume their operation with ”30 percent work capacity”provided they have clearance from concerned government agencies. Presidential Spokesperson Harry Roque said POGOs are classified as business process
Foreign tourist revenues fell 35% in January-March period
May 1, 2020
The Department of Tourism (DOT) on Friday said they recorded a 35 percent decrease in revenue from foreign arrivals for the January to March period. In a virtual presser, Tourism Undersecretary Benito Bengzon, Jr. said from January to March, an
DOF extends deadlines for payment of local taxes, fees to June 25, waives penalties, surcharges during extended quarantine
May 1, 2020
In line with the provisions of Republic Act (RA) No. 11469, or the Bayanihan to Heal as One Act, which seeks to provide relief to Filipinos impacted by the severe disruption of economic activities brought about by the coronavirus disease 2019 (COVID-19), the Department
NEDA sees positive growth in Q1; economy may lose up to P1.1 trillion this year
April 30, 2020
The Philippines may have posted a positive growth in the first quarter of this year despite the eruption of the Taal volcano and the ongoing coronavirus disease pandemic, Acting National Economic and Development Authority Director General Karl Kendrick Chua said
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