Rice tariffs hit P10.7B despite lower imports
The year-to-date tariffs collected from imported rice already breached P10 billion as of mid-July, ensuring next year’s fund for farm modernization being set aside under the Rice Tariffication Law. In…
Recovery starting in Asia-Pacific but PH lagging behind peers
The research arm of debt watcher Moody’s on Friday said that while Asia-Pacific as a whole was already leading global economic recovery, the Philippines’ COVID-19 lockdown—now the longest and most…
Security Bank raises P13.5B from red hot 2-year bonds
Lender Security Bank has raised P13.5 billion from an issuance of two-year bonds, which were warmly received by the cash-awash local financial market. The offering was upsized from the base…