Business
Remittances likely to rise in the coming months
Gains in the vaccination program of countries where overseas Filipino workers (OFWs) are, along with economic recovery around the world, are expected to further boost remittance growth in the Philippines, according to a report by Philippine News Agency. The Bangko Sentral ng Pilipinas (BSP) on...
DOF to review abolition of PS-DBM, PITC
Finance Secretary Carlos Dominguez III on Wednesday said his office will look into proposals to abolish two government agencies involved in the procurement of medical supplies amid the COVID-19 pandemic, according to a report by GMA News. In a Senate hearing, Dominguez said proposals to abolis...
BIR investigates 250 social media influencers
The Bureau of Internal Revenue (BIR) is now investigating an initial list of 250 social media influencers to look into their tax compliance, according to a report by GMA News. Citing a BIR report to Finance Secretary Carlos Dominguez III, the Department of Finance (DOF) said Wednesday the BIR...
Economist dismisses fears over real estate bubble
An economist has discounted a real estate bubble despite the increase in building permits issuance while the residential real estate price index (RREPI) declined, according to a report by Philippine News Agency. Citing Philippine Statistics Authority (PSA) data, ING Bank Manila senior economis...
Automobile sales slow down in August
Stricter community quarantine restrictions imposed in August has pulled down auto sales, according to a report by Philippine News Agency. The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported Friday that vehicle sales in August 2...
DTI wants P23.7-billion budget for 2022
The Department of Trade and Industry (DTI) is seeking lawmakers’ approval for its PHP23.7-billion proposed budget under the National Expenditure Program (NEP) for 2022, according to a report by Philippine News Agency. During the House Committee on Appropriations budget hearing Friday, Se...
ePLDT, Microsoft empower customers
ePLDT, the ICT arm of PLDT Enterprise, and Microsoft marked another year in their longstanding collaboration of delivering innovative services to customers, addressing market needs, and fortifying the capacity-building of industries. In a recent virtual ...
HyperVerge expands to the Philippines
Silicon Valley, California-based artificial intelligence firm HyperVerge is expanding its global operations to the Philippines, according to a report by GMA News. In a statement on Tuesday, HyperVerge said it views the country as the new growth center in the Southeast Asian region. Citing the...
DITO passes performance audit
DITO Telecommunity Corp. was able to meet its deliverables for the second year of its commitment period since it secured a license from the National Telecommunications Commission (NTC), according to a report by GMA News. In a disclosure to the Philippine Stock Exchange, DITO CME Holdings Corp....
Bohol's hospital expands in partnership with Metro Pacific
Ramiro Community Hospital (RCH), the leading private hospital in Bohol, with a rich 46-year history, is expanding with the help of corporate partner Metro Pacific Hospital Holdings, Inc. (MPHHI) to meet the growing needs of the island. RCH is a 118-bed Level 2 hospital in Tagbilaran City, Bohol, fo...
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