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BTr raises $1.26 billion via U.S. dollar-denominated retail bonds sale
The Bureau of Treasury has raised $1.26 billion from the sale of onshore U.S. dollar-denominated retail bonds, the Department of Finance said, slightly above its target.
BSP has ‘done enough’ policy tightening – Diokno
Philippine Finance Secretary Benjamin Diokno believes the central bank has "done enough" policy tightening to tame inflation, but reiterated future interest rate moves would...
Consumer food service providers seen generating P730B in sales this year
The various food service providers in the Philippines are seen generating sales 20 percent more this year than last year of around $13 billion or P730 billion.
Proposed wage hikes impose 30% added costs for employers
A top official of a national employers’ group warned that a P150 legislated daily wage increase will inflict “incalculable damage” on the economy and urged instead for more sustainable alternatives to help workers cope with the rising cost of living.
“Sugar tax anti-obesity goal rather vague”
Some in the legislature have difficulty supporting the proposal to double the excise tax on sugar to P12 from the current P6, saying its anti-obesity objective is unclear and rather misleading.
