Banks can’t raise ATM fees sans BSP OK

August 14, 2019
“As such, banks cannot increase the ATM fee on their own. In fact, any bank that intends to adjust ATM fees must file its request with the BSP, indicating their proposed fees, as well as the costs currently incurred by the bank with respect to its ATM activities,” it said.

Sustainable growth strategies urged

August 12, 2019
The country’s business leaders have urged companies, including the small and medium enterprises, to infuse sustainability initiatives in their growth strategies to significantly help mitigate risks and ensure the long-term viability of their businesses.

Australian GT introduces two round Sandown GT Cup

As part of Australian GT’s policy of review and innovation in GT racing, the race format for the final round of the 2019 CAMS Australian Endurance Championship has been modified, along with the introduction of the ‘Sandown GT Cup’ based around the two events to be held at Melbourne’s Sandown Raceway [20-22 September and 8-10 November].

‘Very big’ upgrade in telco services soon

July 25, 2019
“Our program for 2020 is that before the end of next year, our people will feel a very big improvement in our telecommunications services nationwide,” Rio said during ‘The Presser’ of the Presidential Communication Operations Office attended by key clusters of the Executive branch at the Philippine Information Agency building in Quezon City.

Philippines ‘ideal’ refuge from US-China trade war

July 25, 2019
"We here, we are getting some. Some companies who are operating here already, they are expanding. If I'm not mistaken there is Cargill which is a medical equipment company, some other companies that instead of investing more in China, they've decided to expand their operations here, I think Procter and Gamble is also one," he said.

Biz leaders laud thrust vs red tape, graft

July 24, 2019
Leaders of three of the country's most influential business groups, the Federation of Philippine Industries, the Philippine Chamber of Commerce and Industry, and Philippine Exporters Confederation, agreed that the president’s policy direction to further ease doing business in the country by cutting red tape is a confidence builder.

Landbank can still perform dual role

July 24, 2019
State-owned Land Bank of the Philippines has the financial capacity to extend funding to farmers, as President Duterte has directed, without sacrificing its plan to have majority stake in Philippine Dealing System Holdings Corp.

Key economic targets revised

July 23, 2019
Economic managers had tweaked some of government's economic targets such as the inflation assumption this year, which was slashed to 2.7-3.5 percent from three to four percent earlier on sustained deceleration of rate of price increases.

Best tax perks package to boost investment

July 15, 2019
Congress is expected to pass the second package of the Duterte administration’s tax reform agenda, the Tax Reform for Attracting Better and High Quality Opportunities (Hous Bill 313), this time focused on turning the country into a globally competitive investment hub, with the best investment package legislation. .