BANGKO SENTRAL NG PILIPINASTHE BANGKO SENTRAL ng Pilipinas (BSP) is looking to issue guidelines for banks’ and electronic money issuers’ (EMIs) digital marketplace activities, allowing them to offer their own products as well as those from third-party providers via a single platform to better meet

BW FILE PHOTOPHILIPPINE STOCKS may advance this week as market sentiment is expected to get a lift from the country’s removal from dirty money watchdog Financial Action Task Force’s (FATF) “gray list” and after the central bank said it would cut banks’ reserve requirement ratios

BW FILE PHOTOTHE PESO may weaken against the dollar this week after the Bangko Sentral ng Pilipinas (BSP) said it will bring down banks’ reserve requirement ratios (RRR) by March.The local unit closed unchanged at P57.94 per dollar on Friday, Bankers Association of the Philippines

THE Board of Investments (BoI) said it has endorsed 167 projects valued at P4.614 trillion to the One-Stop Action Center for Strategic Investments for green-lane treatment as of Feb. 18.Authorized by Executive Order No. 18 in February 2023, green lanes allow expedited processing of permits

RAWPIXELTHE Philippine Economic Zone Authority (PEZA) said the Philippines may avoid the worst of the Trump tariffs because of its small trade surplus with the US as well as its key role in US regional strategy.“Being an important country in the geopolitical strategy of the

PHILIPPINE STAR/MICHAEL VARCASTHE Department of Justice (DoJ) has issued a legal opinion that compensation rules set by development partners for persons displaced by foreign-funded projects apply only if the loan agreement was signed prior to the effectivity of the Right-of-Way Act (Republic Act No. 10752).The

PHILIPPINE STAR/MIGUEL DE GUZMANTHE Sugar Regulatory Administration (SRA) said it will revise the rules for importing sugar alternatives which will reduce red tape, later facilitated further by the use of an online portal.The streamlining follows consultations with users, which surfaced concerns over bureaucratic inefficiencies. Users

BW FILE PHOTO MORE THAN P4 billion has been collected from issuers of so-called “ghost receipts,” with further assessments and prosecutions ongoing, the Bureau of Internal Revenue (BIR) said.“We have collected more than P4 billion for 2024,” BIR Commissioner Romeo D. Lumagui, Jr. told reporters on

THE Philippine Exporters Confederation, Inc. (Philexport) is urging its members to venture into mass-market beauty products in the Middle East.Citing a report by global market intelligence firm Mintel obtained by the Department of Trade and Industry’s Export Marketing Bureau, Philexport said that consumer spending on

REUTERSBy Aubrey Rose A. Inosante, ReporterTHE Philippine chip industry is a peripheral player in the trade wars the US appears to be heading into, and must not take sides while taking care to diversify its markets, analysts said.“At this point, the Philippines is considered a

First of two partsIN BRIEF: • The past years highlighted several critical issues for financial institutions and regulators, ranging from geopolitical and macroeconomic issues to growing challenges in balancing support for technology innovation with protecting consumer and markets from the attendant risks.• While international coordination