Thursday, November 22, 2012
The Philippine Senate gave final approval on Tuesday to higher alcohol and tobacco taxes intended to raise an extra 40 billion pesos (US$970 million), the first tax measure to be passed under President Benigno Aquino.
Philippine lender Bank of the Philippine Islands said Wednesday it was in talks to acquire local rival Philippine National Bank to create potentially the country's largest financial institution.
Monday, November 19, 2012
Remittances rose further in September, hitting a new monthly high of US$1.8 billion, the Bangko Sentral ng Pilipinas (BSP), the central bank, said.
Wednesday, November 14, 2012
Philippine exports rose at their fastest pace in almost two years in September as the troubled electronics sector recovered and shipments to Japan soared, the government said Tuesday.
Tuesday, November 13, 2012
The Philippine Palace is confident that the Senate will approve by Nov. 19 the “sin tax” bill that would generate a minimum 40 billion pesos in revenue and that Congress will pass a reconciled version before the end of the year.
Wednesday, November 7, 2012
The Iloilo international airport of the Philippines will start hosting direct international flights on Thursday, a move seen as a “big boost” to tourism for Iloilo and Western Visayas region.
Tuesday, October 30, 2012
Moody's Investors Service on Monday raised the Philippines' sovereign credit rating to one notch below investment grade, citing the country's strong economic prospects and stable financial system.
Monday, October 29, 2012
Friday, October 26, 2012
The Philippine central bank trimmed its key interest rates by a further 25 basis points Thursday, saying the domestic economy needs a further boost to override weak global demand.
Thursday, October 18, 2012
A US$5.9 billion mining project by Swiss giant Xstrata in the Philippines may not begin operations in 2016 as scheduled owing to delays in getting environmental clearance, the government said Wednesday.