Who benefits from sugar import liberalization?

THE controversy on the liberalization of sugar imports continues with the government’s economic managers, stakeholders, producers, manufacturers and farmers giving their opinion on the issue. But at the end of the day, who will really benefit the most from it? Budget Secretary Benjamin Diokno, in his weekly breakfast forum, announced that a 30 percent to […]

BIR chief vows further widening of tax base

BUREAU of Internal Revenue (BIR) Commissioner Caesar Dulay vowed to set in motion a more stringent audit program to widen the tax base, which grew 5 percent in 2018. In his speech during the national tax campaign kickoff at the Philippine International Convention Center (PICC) in Pasay City Friday, Dulay said 96 percent achievement of […]

More improvements in financial inclusion seen

THE Bangko Sentral ng Pilipinas (BSP) is optimistic that significant improvements in financial inclusion will be achieved in light of recent regulations that are expected to boost account ownership and acceptance of digital payments. These are the innovations made under the National Retail Payment System (NRPS): -the basic deposit account framework (Circular No. 992, 1 […]

BSP streamlines licensing requirements

THE Monetary Board approved the revised guidelines streamlining the licensing requirements for Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions (BSFIs) applying for special authorities. This is in line with the thrust of the Bangko Sentral to apply the risk-based approach to the licensing process and promote ease of doing business. The guidelines classify licenses […]

PH venture capital, private equity players form association

LEADING venture capital (VC) and private equity (PE) players in the Philippines have come together to create an investment industry association that will act as a unified voice representing professional and institutional investors in the Philippines. Called the Venture Capital and Private Equity Association of the Philippines (VCAP), this non-stock, non-profit corporation was the brainchild […]

‘Halal is more than just recognition’

HALAL goes beyond the geographical Mindanao and other Muslim areas and is slowly becoming mainstream across all regions in the Philippines. This was the statement of Department of Science and Technology (DOST)-6 Regional Director Rowen R. Gelonga in his opening remarks during the presentation of research results in Halal Training Needs Assessment last January 23, […]