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…
MAY PLAN B KA NA BA? Life insurance provides families with financial security amid challenging economic times according to BDO Unibank SVP and chief investment officer Frederico Rafael “Fritz” D. Ocampo and BDO Life President and CEO Renato Vergel de Dios during a recent online seminar, “Life Insurance: Plan B against Economic Uncertainty” hosted by…
The Philippines has made progress in promoting gender equality and women’s economic empowerment, but much work remains to be done.
BDO Unibank Inc. (BDO) signed a business alliance agreement through a memorandum of understanding (MOU) with The Hyakujushi Bank Ltd. (HBL), a leading regional bank based in Kagawa Prefecture. With 132 branches including satellite offices and commercial banking services, HBL is the 16th Japanese bank which has partnered with BDO.
Local food producers have proposed innovative ways to improve the overall system of transporting produce from the farm to the consumers to help reduce the retail prices of agricultural goods. Addressing the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) press briefing Wednesday, Air21 founding chair Alberto Lina said it is possible to substantially reduce the prices of food if gaps in…
A number of business aggrupations has urged members of Congress and the national government to shift the budget for the proposed constitutional convention (con-con) to priority projects and measures that will better address the challenges confronting the country. In a joint statement, the Filipina CEO Circle, the Financial Executive Institute of the Philippines, Justice Reform Initiative, Makati Business Club, Philippine Women’s Economic Network,…
