Elevated interest rates may contribute to slower gross domestic product (GDP) expansion in the second half of 2024.
This was based on the highlights of the Monetary Board’s policy meeting on June 27, 2024 when it decided to keep the overnight borrowing rate at 6.5 percent. The Monetary Board is the policy-making body of the Bangko Sentral ng Pilipinas (BSP).
“Domestic growth prospects remain intact for 2024 and 2025, based on...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said Friday he will release an order extending the submission, filing, and/or payment of taxes...
Four Japanese manufacturing companies operating within the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas announced plans to hire over 1,400 new employees.
Brother...
Philippine stocks closed the week on a positive note, tracking other Asian markets.
The Philippine Stock Exchange index rose 55.74 points, or 0.84 percent, to...
Concepcion Industrial Corp. (CIC), the country’s leading provider of consumer lifestyle and enterprise solutions, said Friday net income attributable to parent equity holder more...
