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Monthly Archives: November 2020

Fitch sees RCEP benefiting signatory countries

The newly-signed Regional Comprehensive Economic Partnership (RCEP) will benefit the Philippines and 14 other countries who are part of the free trade agreement (FTA), a...

Agriculture sustains P2.107-B damage from ‘Ulysses’

The Department of Agriculture (DA) on Sunday said damage to the agriculture sector caused by Typhoon “Ulysses” has climbed to P2.107 billion. On Saturday, the DA placed the...

Landmark free trade pact signed by ASEAN member-states

The respective trade ministers from the member-states of the Association of Southeast Asian Nations (ASEAN) signed on Sunday the landmark Regional Comprehensive Economic Partnership (RCEP) free trade agreement (FTA). “RCEP is set to...

Government tax collection effort drops by in January-September

The government’s tax collection effort based on percentage of the country’s gross domestic product (GDP) dropped by 0.4 percent to 14.5 percent in January to September from...

BSP papers fetch lower rates in latest auction

The interest rate of the 28-day debt paper of the The Bangko Sentral ng Pilipinas’ (BSP) declined on Friday amid the strong demand or...

$654M in PH exports did not utilize US GSP duty-free benefits in 2019

More Filipino exporters need to avail of the Philippines' duty-free benefits under the United States Generalized System of Preferences (US GSP), according to the...

PH posts $2.1-B BoP surplus in September; 9-month tally reaches $6.9B

Despite the coronavirus disease 2019 (Covid-19) pandemic restricting economic activity, the Philippines posted an overall balance of payments (BoP) surplus of $2.1 billlion in...

Asian markets end mixed; PH stock index breaches 7,000-point mark

Asian shares were mixed in muted trading on Friday after Wall Street eked out modest gains amid a tug of war between worries on...

PH logistics industry needs digitalization push


Technological advancements such as digitalization and digital transformation are long overdue in the Philippine logistics sector, according to a new whitepaper from consulting firm...

BSP trims key interest rates to support economic recovery

The Bangko Sentral ng Pilipinas (BSP) on Thursday trimmed its key interest rates to its lowest level to aid the recovery of the Philippine...
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