The Department of Trade and Industry (DTI) has highlighted the crucial role the Regional Comprehensive Economic Partnership (RCEP) plays to hit the Marcos administration’s export targets this year. Recently, the Export Development Council (EDC) launched the Philippine Export Development Plan (PEDP) 2023-2028, which aims to nearly double the country’s export revenues over the next five years. “RCEP utilization is…
Landbank of the Philippines (Landbank) president and chief executive officer Lynette Ortiz has welcomed Fitch Rating Inc.’s improved outlook on Land Bank which she referred to as “ä vote of confidence for the bank’s robust financial stability and resilience to withstand external and domestic economic headwinds.” Credit ratings agency Fitch Ratings, Inc., in a report released on May…
Leaders of the country’s three most influential business groups have recognized inroads made by the government in easing price pressures. Their sighs of relief came when the Bangko Sentral ng Pilipinas (BSP) reported that headline inflation decelerated further to 6.1 percent year-on-year in May from 6.6% in April. Francis Chua, chair emeritus of the Philippine Chamber…
AF Payments, Inc., the operator of the beep card, is pleased to announce the successful launch of Maya’s and Light Rail Manila Corporation’s (LRMC) QR payment system in LRT1. This new and convenient payment option—which is enabled by beep’s technology—was warmly received by the train commuters, who can now effortlessly purchase QR codes through their smart phones.
The highly anticipated travel sale event of BDO, The Great BDO Travel Sale will be returning to SMX Convention Center Aura, SM Aura Premier on June 2 to 4, 2023 with an extensive line-up of travel partners to choose from.
Department of Finance Secretary Benjamin Diokno The implementation of the Comprehensive Tax Reform Program (CTRP) has generated P202.8 billion additional revenues in 2022 for the government, 26.3 percent higher than the P160.5 billion in 2021. In a statement over the weekend, the DOF said the total collection last year was higher by 26.3 percent from PHP160.5 billion revenue…
Digitalization has resulted to significant changes in various industries, allowing businesses to operate more efficiently and interact with customers with greater responsiveness. Banks, in particular, have been able to leverage new digital technologies to transform their services and offer customers the ability to make financial transactions with just a few taps on their devices.
Retirement may be the last thing on the minds of the young and employed. However, BDO Unibank advises them to start saving for it already to secure a more comfortable post-employment life.
MANILA – Ayala-led The Bank of the Philippine Islands (BPI) has revised upward its growth projection for the Philippine economy this year to 6.3% percent from its previous 5% to 6% previously, after noting the higher-than-expected expansion in the first quarter. The country’s gross domestic product (GDP) rose by 6.4% year-on-year in the first quarter this year, higher than the 6.2% average growth projection, with risks coming from…
Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the Philippines is likely to hit its 6-7% economic growth target this year despite the possible effects of the expected El Nino weather phenomenon. Ricafort said the 6% to 7% gross domestic product (GDP) expansion is possible amid easing year-on-year inflation that could help reduce the drag of higher prices…
