News

BSP seen to cut rate soon

A benign inflation environment —with prices last month having risen at their slowest pace in almost three years, thanks to a large degree to the Rice Tariffication Law—may prompt the central bank to implement another round of monetary easing as soon as this month. Speaking to reporters Friday morning, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the 25-basis-point reduc...

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SSS targets increased digital transactions

STATE-RUN Social Security System (SSS) is targeting a threefold increase in online transactions by next year to streamline services and save on operating expenses. SSS President and CEO Aurora C. Ignacio said the pension fund wants digital transactions to reach 32.3 million by 2020 from the current 10.54 million done via its six electronic channels. “We’re looking to turn the tab...

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Creative entrepreneurs told to tap local market

CEBU creative entrepreneurs are encouraged to take advantage of the strong buying power of the domestic market as the industry aims to boost its economic potential. The Cebu Design Week (CDW), happening on Sept. 13 to 15, 2019, is gathering creative players to enable them to connect with local consumers and potentially collaborate with suppliers, said Laurie Boquiren, CDW marketing chairperson....

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Google agrees 945-million-euro tax settlement with France

PARIS - US internet giant Google has agreed a settlement totaling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities. In a statement, Google confirmed the settlement and hailed the fac...

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Government releases 91% of 2019 national budget

MANILA, Philippines — The national government has released 91.4 percent of the P3.662- trillion national budget as of end-August to support the programs and projects of line agencies, the Department of Budget and Management (DBM) said yesterday. According to the latest data from the DBM, allotment releases from January to August have already reached P3.345 trillion, equivalent to 91.4 per...

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Successful agribusiness through PPP

Lately, there have been many issues surrounding the agriculture sector that continue to challenge our local farmers and other agri-stakeholders. Tagged as the most challenged sector, agriculture is continuously affected by many factors including market price, logistic requirements, uncontrollable variables such as drought or typhoons, infestation, and other calamities that affect the productivi...

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