FSCC highlights continued vigilance as foreign market dev'ts unfold

MANILA, March 14 -- The Financial Stability Coordination Council (FSCC) has cited the need for continued vigilance as market developments abroad may have an impact on the Philippines. In a statement ... Read More

LandBank, OFBank, DMW partner to ramp up delivery of OFW claims

MANILA, March 11 -- The Land Bank of the Philippines (LandBank), the Overseas Filipino Bank (OFBank), and the Department of Migrant Workers (DMW) signed an agreement to expedite the delivery of indemn... Read More

FDI net inflows up 30% in December 2023

MANILA, March 11 -- Foreign direct investments (FDI) net inflow went up by 29.9 percent in December last year. Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that FDI net inf... Read More

PSA, DSWD partner to bring PhilSys services to 4Ps beneficiaries

MANILA, March 11 -- The Philippine Statistics Authority (PSA) and the Department of Social Welfare and Development (DSWD) partnered up to bring the services of the Philippine Identification System (Ph... Read More

DOF lines up strategies to boost quality of employment

MANILA, March 8 -- The Department of Finance (DOF) on Friday cited the government strategies that will boost the quantity and quality of employment. In a statement, the DOF said the Growth-Enhancing ... Read More

Loan growth up, domestic liquidity slows in January

MANILA, March 8 -- Bank lending of universal and commercial banks (U/KBs) grew at a faster rate in January this year while domestic liquidity growth slowed. Data released by the Bangko Sentral ng Pil... Read More

Unemployment rate down to 4.5% in January

MANILA, March 8 -- The number of unemployed Filipinos went down to 2.15 million in January this year from the 2.38 million recorded in the same month last year, National Statistician Dennis Mapa said.... Read More

PH records $102.7-B foreign reserves in February

MANILA, March 8 -- The country's gross international reserves (GIR) settled at USD102.7 billion as of end-February, the Bangko Sentral ng Pilipinas (BSP) said. In a statement released late Thursday, ... Read More

BIR exempts additional medicines from VAT

MANILA, March 7 -- The Bureau of Internal Revenue (BIR) said 20 additional medicines for cancer, hypertension and mental illness are now exempted from value-added tax (VAT). In a statement on Thursda... Read More

JCR's credit rating affirmation confidence vote for policies: Recto

MANILA, March 7 -- Finance Secretary Ralph Recto said the Japan Credit Rating Agency's (JCR) latest affirmation of the country's investment-grade credit rating of "A-" with a stable outlook is a stron... Read More

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