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Category: Business

IRB TO ISSUE E-INVOICING GUIDELINES TO COMPANIES IN JULY

The Inland Revenue Board (IRB) will issue guidelines in July in relation to e-invoicing to companies with a revenue of more than RM100 million to enable them to learn more about this new initiative.Its chief executive officer, Datuk Dr Mohd Nizom Sairi…

Philippines’ total external trade declined 18.6 pct in April

The Philippines’ total external trade in goods dropped year-on-year by 18.6 percent in April to 14.34 billion U.S. dollars, with China remaining its top trading partner, the Philippine Statistics Authority (PSA) said on Friday.Of the total external tra…

BSP rates post mixed results

The rates of the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) registered mixed directions on Wednesday but demand remained strong, data from the central bank showed. The average rate of the seven-day facility slipped to 6.5823 percen…

World Bank lifts PH economic growth projection to 6%

The World Bank on Wednesday revised upward its Philippine economic growth projection to 6 percent this year from 5.6 percent as strong domestic demand is expected to drive growth. “Despite weak global conditions, we expect strong domestic demand to gr…

World Bank Forecasts Philippine GDP To Grow Six Percent In 2023

The World Bank said today, it expects the Philippines’ gross domestic product (GDP) to grow six percent this year, and solid domestic demand will drive economic growth.The World Bank’s Philippines Economic Update (PEU) said, strong domestic demand in …