Top News
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.
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...
BPI coal loan exposure drastically falls over three years
The Bank of the Philippines Islands (BPI), which counts itself a strong supporter of sustainable financing, has brought down its exposure to coal loans from a high 45 percent of portfolio in 2020 to only 29 percent thus far this year.
BSP keeps policy rates unchanged for third time in series
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas on Thursday kept the policy rate intact at 6.25 percent for a third time in a series.
