Pandemic impact felt in construction, too, as projects fall in number, value
The number and value of construction projects in the first quarter of 2020 shrank by over one-fifth as the tail-end of March put a stop to construction works in Luzon…
Treasury: Sale of 5-year RTB breaches P250B in less than 1 week
The Bureau of the Treasury already sold over P250 billion in five-year retail treasury bonds (RTBs) less than a week into its offering, National Treasurer Rosalia V. de Leon said…
Heftier penalties for illicit cigarette traders eyed
MANILA, Philippines – The Department of Finance (DOF) is looking into slapping heftier penalties on unscrupulous traders of illicit cigarettes, who took advantage of higher excise taxes and a dwindling…
BSP releases P10B into economy with reserve requirement cut for smaller banks
BSP Governor Benjamin Diokno. INQUIRER file photo / EARVIN PERIAS MANILA, Philippines — The central bank on Tuesday ordered the release of more liquidity into the local economy, this time…
US sanctions Chinese companies over Muslim abuse complaints
In this Nov. 3, 2017, file photo, residents line up at a security checkpoint into the Hotan Bazaar where a screen shows Chinese President Xi Jinping in Hotan in western…
BSP: P40.6B in loans granted to MSMEs during ECQ
MANILA, Philippines — Banks have granted a total of P40.6 billion in loans to help micro, small and medium enterprises (MSMEs) largely affected by the government’s imposition of enhanced community…
Megaworld’s H1 reservation sales at P38B
Megaworld group’s 640-hectare Eastland Heights in Antipolo against the backdrop of the Metro Manila skyline Tycoon Andrew Tan-led Megaworld Corp. generated P38 billion in residential sales in the first semester…
ANI taking over fintech firm Pay8
Antonio Tiu Businessman Antonio Tiu-led AgriNurture Inc. (ANI) is taking over fintech Pay8 Inc. from the DFNN Group as part of its bid to “digitally transform” the local agriculture and…
T-bill rates continued to fall Monday
MANILA, Philippines – T-bill rates on Monday continued to fall across the board amid a low-interest-rate environment attracting robust demand for short-dated government securities. The Bureau of the Treasury raised…
Marked tax-paid fuel breached 10 billion liters in mid-July
MANILA, Philippines — The government has collected excise taxes and import duties from over 10 billion liters of oil products as of mid-July through the fuel marking program. The latest…