Cebu City Hall to employ cashless transactions for real property and business tax payments

Wenilyn B. Sabalo 08/11/2022

CEBU CITY, Philippines — The Cebu City government is set to implement cashless transactions for real property and business tax payments. In a statement on Thursday, August 11, 2022, Cebu City Vice Mayor Raymond Alvin Garcia said…

Solon tells BSP gov to clarify validity of P1k polymer bills as uproar grows

Gabriel Pabico Lalu - Reporter / @GabrielLaluINQ 07/11/2022

MANILA, Philippines — The governor of the Bangko Sentral ng Pilipinas (BSP) was asked to clarify the rules and validity of the new polymer P1,000 bills after warnings were issued that it was not advisable to fold…

Do you have a polymer P1,000 bill? Don’t fold it and other dos and don’ts

Cristina Eloisa Baclig - Content Researcher Writer / @inquirerdotnet 07/11/2022

MANILA, Philippines—Is it time to kick the habit of folding banknotes? Recently, a netizen shared dismay online after a popular mall in the country allegedly refused to accept a folded 1,000-peso polymer banknote that she used for…

High inflation: Your P1 is now worth only 87 centavos

Kurt Dela Peña - Content Researcher Writer / @inquirerdotnet 07/07/2022

MANILA, Philippines—While President Ferdinand Marcos Jr. expressed disbelief at the June 2022 inflation rate announced by state statisticians, saying that “we’re not that high,” the Philippine Statistics Authority (PSA) declared that it “stands by its data.” The…

What’s the BSP doing?

Cielito F. Habito - @inquirerdotnet 06/28/2022

The Bangko Sentral ng Pilipinas (BSP) has been criticized—wrongly, I think—for being “dovish,” “behind the curve,” or not acting fast enough in response to speeding inflation and exchange rate movements. It seems to me that economists (as…

‘Inaction is action’ may be BSP’s monetary policy for 2021, says economist

Daxim L. Lucas - Reporter / @daxinq 02/08/2021

MANILA, Philippines — The central bank will likely keep its key interest rate unchanged when its Monetary Board convenes on Thursday with the regulator finding itself lodged between the opposing demands of fighting rising inflation and restarting the…

Filipino consumers, businessmen more confident about 2021 prospects — BSP survey

Daxim L. Lucas - Reporter / @daxinq 12/11/2020

MANILA, Philippines — Confidence returned to Filipino consumers when polled about their expectations for the first quarter of 2021, after expressing negative sentiment about for the current quarter in the latest survey conducted by the central bank.…

BSP data: Strong dollar remittances in Sept keep PH economy from sinking

Daxim L. Lucas - Reporter / @daxinq 11/16/2020

MANILA, Philippines — The Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…

Dollars flood into PH economy on gov’t’s foreign loans, drop in import spending

Daxim L. Lucas - Reporter / @daxinq 10/27/2020

MANILA – Philippines – The dollar flow surplus of the Philippine economy — which has been building up every month since the start of the pandemic — surged significantly in September, as the inflow of foreign exchange…

Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…

Inflation eases to 2.4 percent in August

Cathrine Gonzales 09/04/2020

MANILA, Philippines — The country’s headline inflation eased to 2.4 percent in August from 2.7 percent in July, the Philippine Statistics Authority (PSA) said Friday, September 4, 2020. The latest figure brings the year-to-date inflation for 2020…

Dollar remittances of expat Filipinos fell for 2nd straight month in April

Daxim L. Lucas - Reporter / @daxinq 07/16/2020

MANILA, Philippines – Dollars sent home by expatriate Filipinos declined once more in April, marking the second consecutive period that the impact of the coronavirus pandemic was manifested in monthly remittances — a key pillar of the…

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