SONA 2016 UPDATES

House to press passage of comprehensive tax bill

MANILA, Philippines -- Notwithstanding public criticism, the House of Representatives will push the passage of a comprehensive tax bill that will increase the excise taxes on petroleum products and…

Personal remittances for Jan.-Oct. 2016 reach US$24.4B

MANILA - Personal remittances from overseas Filipinos (OFs) for the first 10 months of the year reached US$24.4 billion, equivalent to a 3.9 percent growth year-on-year, Bangko Sentral ng Pilipinas…

TRUE HEROES SEEK NO HONORS | Cuba to legislate Fidel Castro's dying wish: No monuments in his name

SANTIAGO DE CUBA - Cuba will respect Fidel Castro's dying wish that no statues be erected in his honor and no streets be named after him, President Raul Castro said Saturday.

RECUERDO | A panty, a napkin, and badgering a looter on the day after Typhoon Yolanda

TACLOBAN CITY, Philippines - At the neighborhood grocery store in Tacloban City the other day, I headed to the sanitary napkin section to buy a pack of my trusted brand.

As I picked up the…

Personal remittances climb to US$19.5B in first 8 months of 2016

MANILA - Personal remittances of Overseas Filipinos in August 2016 increased by 16 percent year-on-year to reach $2.6 billion, Bangko Sentral ng Pilipinas Officer-in-Charge Nestor A. Espenilla…

Dominguez: 5.1% GDP expansion in H2 enough to sustain 2016 growth targets

MANILA - The country needs only to sustain a 5.1-percent expansion in gross domestic product (GDP) for the second semester to achieve the government's growth target of 6 to 7 percent for 2016.