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Saturday, May 4, 2024

Banking & Finance

DOF drafts agreement to prevent double-taxation on Filipinos in Cambodia

The Department of Finance (DOF) said completed a draft double taxation agreement (DTA) with Cambodia to protect Filipinos’ taxing rights and increase trade and investment across economic borders. “The conclusion of this DTA marks a significant milestone in strengthening the Philippines and Cambodia’s economic ties,” Finance Secretary Ralph Recto said in a statement. “Through this effort, we have not only complied with our commitment to completing the ASEAN DTA network, but...

GCash agrees to offer cash loans to eligible online sellers on Lazada

GCash, through its lending arm Fuse Lending, Inc., teamed up with e-commerce...

DOF set to execute $1.5-b pipeline projects with JICA for 2024-2025

The Department of Finance (DOF) said Thursday it is set to execute...

PNB reports 10% net income growth to P5.3b in first quarter

By Jenniffer B. Austria Philippine National Bank (PNB), the banking arm of tycoon...

LATEST Banking & Finance

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Foreign currency loans decline 1% to $15.67b

Outstanding loans granted by foreign currency deposit units of banks declined by 0.3 percent or $44 million to $15.67 billion as of end-September from...

Peso fell 9.3% in 2022 to close at 55.75 a dollar

The peso depreciated 9.3 percent against the US dollar in 2022, pulled down by global uncertainties that impacted financial markets, including the surge in...

DOF supports lower personal tax rates in 2023

Finance Secretary Benjamin Diokno said Wednesday the lower personal income tax starting January 2023 will enable taxpayers to give their share to national development. Majority...

Bank economist sees peso falling against US dollar after the holidays

The peso will likely weaken in the first quarter of 2023 from the 55-per-dollar level in December that saw seasonally high remittance inflows as...

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