Economic managers say the Philippines can graduate to a stage where economic growth is even faster, is sustained for the long term, and is more inclusive.
Fitch Ratings improved its outlook on the Philippines’ credit rating from “stable” to “positive.” With this, the country’s current rating of BBB-, which is the minimum investment grade, is very likely to be upgraded soon.
Under the recently issued Customs Memorandum Order 28-2015, importers will have to immediately file an import entry and pay duties and taxes upon importation into Philippine territory even if the final destination is another port.
Tenders of eligible bonds from the most recent domestic liability management exercise amounted to P388 billion. The strong response from the market is a show of strength and stability, according to Finance Secretary.
In July 2015, the National Government’s budget balance exceeded last year’s deficit of P1.8 billion. The year-to-date balance dips into deficit at P18.5 billion.
Inflation slows to 0.6% owing to tamed food prices, lower international oil prices, and electricity rates. Lowering inflation rates gives policymakers more room to respond to economic shocks.
Statement of Finance Secretary Cesar V. Purisima on the Q2 2015 GDP Growth [Released on August 27, 2015] The economy grew by 5.6% in the second quarter (Q2) of 2015, the third fastest among major Asian countries. This, despite heightened concerns on the continuing lackluster performance of the global economy causing painful spillovers on global […]
From the Department of Finance The Department of Finance along with the Bureau of the Treasury launched a domestic liability management transaction. According to Finance Secretary Purisima, the transaction is part of an ongoing commitment to proactively manage the government’s debt portfolio. Bondholders of eligible government securities are invited to exchange their bonds for new […]
Una, hindi na magkakaroon ng random at walang basehang pisikal na inspeksiyon ng balikbayan boxes. Sa halip, lahat ng container ng balikbayan box ay padadaanin sa mandatory na x-ray at K-9 examination—nang walang dagdag na singil sa nagpadala o sa OFW.
There will be no random or arbitrary physical inspection of balikbayan boxes. Only in cases where there are derogatory findings from the x-ray or K-9 examination will there be a physical inspection of goods.
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