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  • 01
    Jun

    PH improves competitiveness rank 1 notch

    The Philippines marginally improved its ranking by one notch to 41st from 42nd in the 2017 World Competitiveness Yearbook (WCY) among 63 countries as its impressive economic performance failed to offset declines in business and government efficiency categories.   With the very small improvement, the READ MORE
  • 30
    May

    BSP to liberalize rules for micro-banking offices

      The Central Bank is looking to allow the broadening of services offered by micro-banking offices (MBOs) to bring more Filipinos aboard formal financial channels, as part of its plans to spur increased digital payments in the country.   Bangko Sentral ng Pilipinas ( READ MORE
  • 23
    May

    Special tax rate for Microfinance NGOs

    The BIR has issued Revenue Regulations (RR) No. 3-2017 to implement the tax provisions of Republic Act (RA) No. 10693, otherwise known as the “Microfinance NGO Act.” In 2015, RA 10693 was signed into law to pursue poverty alleviation programs by encouraging underprivileged Filipinos to undertake entrepreneurial READ MORE
  • 19
    May

    Joblessness down to 22.9%, equivalent to 10.4 M Pinoys

    Around 10.4 million Filipinos remained jobless in the first quarter of 2017 under the Duterte administration, the latest survey of the Social Weather Stations showed. File MANILA, Philippines - Around 10.4 million Filipinos remained jobless in the first quarter of READ MORE
  • 13
    May

    Business groups called to form super alliance

    Asean Business Advisory Council (ABAC) chairman Joey Concepcion called for an alliance of the country’s business groups in order to help push streamline programs geared towards inclusivity.   Concepcion made this announcement on Tuesday at the Manila Polo Club where at least 14 business groups were READ MORE
  • 13
    May

    An inclusive financial system is new BSP Governor Espenilla’s goal

    Incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla will take the helm of the BSP while our banking sector continues to perform well and enjoy renewed global confidence.   By the end of 2016, consolidated bank loans amounted to P7.4 billion, growing 19 percent from the year before. BSP READ MORE

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