BOP deficit reverses to seven-month surplus of $2.21 billion
The Philippines in July this year continued to report far more foreign currency-denominated expenses than earnings although the shortfall, the Bangko Sentral ng Pilipinas (BSP) said, has sharply diminished on both annual and monthly basis.
Economic briefing in Davao covers inflation, Islamic banking, investment, jobs
The Bangko Sentral ng Pilipinas (BSP) highlighted lower inflation and Islamic banking opportunities in the country during the Post-State of the Nation Address Philippine Economic Briefing (PEB) in Davao City on 9 August.
Phoenix financial soundness indicators worsen; P3.2B accounting error spurs review, probe
Financial soundness indicators reported by Phoenix Petroleum Philippines Inc. painted a cloudy future for the listed oil company owned by businessman Dennis Uy, with...
BIR issues new clarification on VAT zero rate for local purchases
The Bureau of Internal Revenue (BIR) has added yet another clarification to earlier rules on value-added tax (VAT) zero-rate transactions on local purchases made by registered export enterprises or REEs granted VAT-zero rate incentives.
AXA Philippines bolsters volunteerism, puts spotlight on women-centric cause
AXA Philippines keeps the culture of volunteerism alive by advancing women’s protection and empowerment at the recent AXA Week for Good. The week-long engagement...
