PDIC doubles maximum deposit insurance coverage to P1-M

Manila, Feb. 28 -- The Philippine Deposit Insurance Corp. (PDIC) will double the maximum deposit insurance coverage (MDIC) for bank deposits. In its Memorandum 2025-01 released on Friday, the PDIC sa... Read More

PH's total external trade up 9% in January

Manila, Feb. 28 -- The country's total external trade in goods went up by 9.1 percent to USD17.82 billion in January this year from USD16.32 billion last year, the Philippine Statistics Authority (PSA... Read More

PH economy to grow by more than 6% in 2025

Manila, Feb. 28 -- The Philippine economy will likely grow by more than 6 percent this year while inflation is expected to remain within the target range, an investment management firm and a UK-based ... Read More

GCG releases circular for reporting illegal, unethical acts in GOCCs

Manila, Feb. 25 -- The Governance Commission for GOCCs (GCG) said it established a more inclusive and empowering whistleblowing and integrity program for the government-owned or -controlled corporatio... Read More

Maharlika OKs $76.4-M loan for Makilala mining

Manila, Feb. 25 -- The Maharlika Investment Corporation (MIC) signed a binding term sheet to provide a USD76.4 million Bridge Loan for the early development of the Maalinao-Caigutan-Biyog (MCB) Copper... Read More

Finance chief pushes for free trade pact with US

Manila, Feb. 25 -- Finance Secretary Ralph Recto is pushing for a free trade agreement (FTA) with the United States, noting that he is open to lowering the tariff of vehicles from the US if ever the d... Read More

Gov't raises P25-B from T-bonds auction

Manila, Feb. 25 -- The Bureau of the Treasury (BTr) raised PHP25 billion from the Treasury bonds (T-bonds) auction on Tuesday. The BTr fully awarded bids for the 20-year T-bonds. With a remaining te... Read More

PH exits FATF'S 'grey list'

Manila, Feb. 22 -- After more than three years, the Philippines is finally out of the Financial Action Task Force's (FATF) grey list or list of jurisdictions under increased monitoring. In a statemen... Read More

Balance of payments position records deficit in January

Manila, Feb. 20 -- The country's balance of payments (BOP) position posted a deficit of USD4.1 billion in January this year, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the BSP late ... Read More

BIR: Tax compliance verification drive reaches 200K establishments

Manila, Feb. 20 -- Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the agency's personnel visited more than 200,000 establishments nationwide as part of the agency's Friendly Tax ... Read More

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