BSP unfreezes P300B in deposit reserves
The Bangko Sentral ng Pilipinas (BSP) has determined that the inflation and liquidity dynamics is such that the monetary board reduced the banks' reserve requirement ratios (RRRs) by 200 basis points (bps) beginning 28 March 2025.
AirAsia Philippines sees surge in Taiwan traffic, reaffirms low-cost airline leadership
AirAsia Philippines reported a significant increase in passenger traffic and forward bookings for flights to Taiwan in the first quarter of 2025. From January to March, the airline has already flown 90 percent of the total number of passengers to Taiwan recorded in the same period in 2024, reflecting a strong demand for Taiwan tourism.
Dizon commits accelerated transport projects under BBM program
Newly-appointed Transport Secretary Vince Dizon has vowed to fast-track major transportation infrastructure projects under the government's Build Better More (BBM) program to address long-standing traffic issues causing economic strain in the Philippines.
Makati hits 61 percent of 2025 revenue target, collects P11.77B in January – Mayor Abby
Good corporate citizens and well-meaning businessmen in Makati City continued to drive tax collection in one of the premier business districts in the country.
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BOC offers voluntary payment option for seized goods
The Bureau of Customs (BOC) has informed owners or claimants of imported goods, including recently seized luxury cars, that they can opt to settle the correct duties and taxes through voluntary payment. BOC Commissioner Bien Rubio said that the Customs Modernization and Tariff Act (CMTA) allows claimants a 15-day window from the implementation of the Letter of Authority (LOA) to make such payments.
