Bangko Sentral seen pausing on rate cuts

The Bangko Sentral ng Pilipinas (BSP) is widely expected to temporarily pause from monetary easing and keep the policy rate at 2.25 percent when its policy-making body meets on Thursday (Aug. 20) even as the COVID-19-induced recession force lower interest rates before yearend to facilitate economic recovery. “As it stands, the BSP has eased by […]

Auto firms seek gov’t help as sales slump 48.7%

The automotive industry is now asking the Department of Trade and Industry (DTI) for support as the pandemic might lead to worse problems than just the much fewer car sales at the end of the year. Vehicle sales dropped 35.4 percent to 20,542 in July alone from 31,810...

60-day debt moratorium backed | Inquirer Business

MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in many parts of the country. Francis Lim, president of the influential...

DTI wants tax perks included in Bayanihan 2

The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a copy of the agency’s letter to the House of Representatives read. It remains to be seen,...