IKOT.PH
The proposed rice tariffication law is projected to temper inflation in the coming months as it will bring down the prices of the staple grain, Senator Sonny Angara said. Angara made the statement following the report of the Bangko Sentral ng Pilipinas (BSP) that year-on-year headline inflation moderated to an average of 5.9 percent in […]
Senator Sonny Angara has called for the swift passage of his bill seeking to boost the country’s gross international reserves (GIR) by granting tax exemptions to small-scale miners who would sell their gold to the Bangko Sentral ng Pilipinas (BSP). “I strongly urge the honorable members of the Philippine Senate to approve the passage of […]
The Senate has ratified the bicameral conference committee report on a bill increasing the Bangko Sentral ng Pilipinas’ (BSP) capitalization from P50 billion to P200 billion and strengthening its regulatory powers. “The bicameral conference committee adopted en toto the Senate version except for one amendment. They removed the tax provision that will go to the […]
A bill seeking to establish a sound legal and regulatory framework for the development of Islamic banks in the country has been recently filed by Senator Win Gatchalian. In filing Senate Bill No. 2105 (SB 2105) or “An Act Providing for the Regulation and Organization of Islamic Banks,” Gatchalian highlighted the role of Islamic banking […]
With Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. set to step down on July 3, the head of one of the country’s top universities is hoping President Rodrigo Duterte will announce the name of his successor by May this year to pave the way for a transition that will assure investors […]