Economy

THE Bangko Sentral ng Pilipinas (BSP) said it is seeking to raise the level of financial inclusion for young people from the current 27% of 15 to 19-year-olds holding bank…

APPROVED building permits fell 2.7% year on year in November to 12,050, the Philippine Statistics Authority (PSA) reported on Monday. In November, approved building projects were issued to construct 3.16…

RETAIL price growth of general goods in the National Capital Region (NCR) eased in 2024, the weakest reading in four years, the Philippine Statistics Authority (PSA) reported. Citing preliminary data,…

On Dec. 10, the Department of Finance approved and issued the Implementing Rules and Regulations (IRR) of Republic Act No. 12001, otherwise known as the Real Property Valuation and Assessment…

THE Bureau of Internal Revenue (BIR) will allow non-resident digital service providers (DSPs) to appoint a local third-party representative to handle administrative matters for them with regard to the value-added…

FINLAND’s ageing population has created gaps in its workforce that Filipinos can fill, particularly in technology and healthcare, members of a Finnish delegation said. “Finland, like most of the European…

THE Trade department’s micro, small and medium enterprise development financing arm, Small Business Corp. (SB Corp.), has set a target of P460 million in net operating income this year after…

REDUCING the most favored nation (MFN) tariff rate on tin-mill black plates (TMBPs) is expected to boost domestic production of tin plate and tin-free steel, possibly leading to reduced canned…

THE Department of Energy (DoE) said it is projecting more than 16 gigawatts (GW) of new capacity from offshore wind power projects. The DoE said it is currently assisting 16…

OCEANA Philippines warned of the potential depletion of fish stocks after a Supreme Court (SC) resolution allowing commercial fishing operations in municipal waters. “We are worried that this court decision…