Rice import tariff collections posts 58% hike year-on-year amid improved BOC valuation system

THE Bureau of Customs (BOC) has reported collections amounting to P2.04 billion in tariffs from rice imports in January, representing a 58-percent increase over the P1.29 billion collected during the same period last year amid a further improvement in the bureau’s import valuation system. Customs Commissioner Rey Leonardo Guerrero said preliminary data show that the […]

DBP’s P12.5-B capital infusion to expand bank’s COVID-response programs

THE Department of Finance (DOF) said the recent P12.5 billion capital infusion to the Development Bank of the Philippines (DBP) will provide additional funds for the state lending institution’s COVID-19 response programs, which include extending low-interest, easy-to-pay loans to the transport, healthcare, education sectors along with micro, small and medium enterprises (MSMEs) and other affected […]

LANDBANK facilitates account opening for unbanked national ID registrants

THE Land Bank of the Philippines (LANDBANK) has allotted more than P153 million for the hiring of over 1,000 service contract workers (SCWs) who are now being deployed to various locations across the country to assist in the opening of transaction accounts for unbanked national ID registrants. LANDBANK president-CEO Cecilia Borromeo said facilitating the opening […]

DOF secures US$17-B external financing in 2020 for budgetary support, key projects

THE Department of Finance (DOF) has contracted a total of US$17.06 billion in affordable financing from external sources in 2020 for key infrastructure projects and other priority programs, and for helping bridge the wider fiscal deficit incurred last year because of the huge state spending on COVID-19 response measures. Spearheaded by its International Finance Group […]

Bubusisiin ng NTC ang internet speed plans

INATASAN ng National Telecommunications Commission (NTC) ang telecommunications companies (telcos) na isumite ang kanilang mga plano para sa pagpapabilis ng internet sa bansa. Ang hakbang ay isinagawa ng NTC dahil sa direktiba ni Presidente Rodrigo Roa Duterte, na pagbutihin ng telcos ang kanilang serbisyo at isumite sa NTC ang kanilang plano sa ngayong 2021. Inabisuhan […]

Anak ni RSA, bagong director ng SMC

NAHALAL kamakailan si Johan Paul Ang bilang bagong miyembro ng board of directors ng San Miguel Corporation (SMC), ang panganay na anak ni Ramon S. Ang, na SMC president at chief operating officer (COO). Si John Paul, na kasalukuyang presidente at chief executive officer ng Eagle Cement Corporation mula noong 2008, ay nagtrabaho sa isang […]