Top News
Shari’ah-compliant bonds touted as tool for inclusion
The Bangko Sentral ng Pilipinas (BSP), through the Islamic Finance Coordination Forum (IFCF), hosted the “Stakeholders’ Forum on Domestic Sukuk Issuance” to expand access to financing for Muslim-owned enterprises by promoting Sukuk, or Islamic bonds.
Airfares set to rise in August as CAB hikes fuel surcharge
Travelers should brace for higher airfares in August following the Civil Aeronautics Board’s (CAB) announcement Friday raising fuel surcharges to Level 4 for both domestic and international flights.
Philippine population growth falls to historic low in 2024
Despite alarming spikes in teenage pregnancies, the Philippines’ population growth has plunged below 1 percent in 2024—probably its lowest rate since World War II—threatening to erode what has long been its most potent economic force: its people power.
Proposed US remittance tax raises concerns over impact on dollar inflows
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
