Tag: bworldonline
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Gov’t to consider new taxes if revenue collection falls short — Recto
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THE GOVERNMENT will only consider introducing new taxes if revenue collection falls short of target, the Department of Finance (DoF) said. “It’s easy to pass a tax law. It’s easy to do a tabletop revenue estimate. What’s always harder is implementing the law and collecting the tax,” Finance Secretary Ralph…
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Philippine annual inflation quickens to 4.4% in July
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MANILA – Philippine annual inflation quickened in July, reflecting faster pace of increases in food and utility costs, the statistics agency said on Tuesday. The consumer price index (CPI) rose 4.4% in July, above the previous month’s 3.7%, bringing year-to-date inflation to 3.7% and close to the top of the…
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BingoPlus donates P15 million to worthy causes
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Comprehensive sports and entertainment platform BingoPlus celebrated BingoPlus Day Cebu Carnival by granting P15 million worth of donations to worthy causes. The company’s acts of generosity were driven by its desire to give back to important communities in the country amid trying times. Out of the P15-million donation, the BingoPlus…
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BSP sees room to keep rates steady
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THE PHILIPPINE central bank would probably keep policy settings on hold given “evolving inflation conditions,” Governor Eli M. Remolona, Jr. said on Monday, even as he signaled a less restrictive stance if price pressures continue to ease.
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Economy on track to outgrow debt — DoF
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ECONOMIC GROWTH is on track to outpace the rise in the National Government’s (NG) debt, with borrowing costs expected to go down as global central banks cut interest rates, the Department of Finance (DoF) said on Monday. During the Development Budget Coordination Committee’s (DBCC) briefing before the House Committee on…
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BSP eyes use of QR code for transport payments
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THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing to identify strategic use cases for its national QR code standard such as for transportation payments. In a draft circular, the BSP said it is seeking to introduce the payment use cases involving QR Ph for sectors such as transportation “which shall…
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Yulo wins men’s vault to scoop second gold in Paris
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PARIS – Carlos Edriel Yulo of the Philippines won his second gold medal in as many days after he soared to the top of the podium in men’s vault at the Paris Olympics on Sunday. Twenty four hours after he became the first Filipino to capture an Olympic gymnastics title…
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GDP growth picked up in Q2 — poll
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PHILIPPINE ECONOMIC GROWTH likely picked up in the second quarter as higher government spending may have offset the impact of El Niño on agriculture, analysts said.
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Agricultural output likely shrank in Q2 due to El Niño
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THE PHILIPPINES’ overall agricultural output may have declined in the second quarter after crop production likely bore the brunt of droughts caused by the El Niño weather phenomenon, analysts said.