Benjamin Diokno named as next Finance Secretary

Benjamin Diokno named as next Finance Secretary Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has accepted the invitation of President-elect Ferdinand Marcos Jr. to serve as Finance Secretary of the incoming administration. “As Finance Secretary, I will strive to continue prudently and carefully balancing the need to support economic growth, on one hand, … Read more

Felipe Medalla named incoming BSP Governor

Felipe Medalla named incoming BSP Governor The officers and staff of the Bangko Sentral ng Pilipinas (BSP) welcome the invitation of President-elect Ferdinand Marcos, Jr. for Monetary Board Member Felipe M. Medalla to serve as the new Governor of the BSP and Chairman of the Monetary Board (MB). The incoming Governor will take the helm … Read more

Landbank Free Cash Withdrawal

Landbank Free Cash Withdrawal Starting 23 May 2022, you can finally enjoy free cash withdrawal and balance inquiry at 7-Eleven ATMs near you using the following cards: LANDBANK Cash Card LANDBANK regular ATM Card LANDBANK Visa Debit Card Transact at more than 1,500 ATMs in select 7-Eleven stores! You may want to read: Landbank iAccess … Read more

What is the Fiscal Incentives Review Board?

What is the Fiscal Incentives Review Board? The Fiscal Incentives Review Board (FIRB) is the government body authorized to grant tax incentives (i.e., tax discounts and exemptions) to registered business enterprises (RBEs). Its goal is to ensure that the tax incentives granted are performance-based, time-bound, targeted, and transparent. What is the Fiscal Incentives Review Board’s … Read more

3 Main Barriers to Investment in the Philippines

Investment promotion agencies (IPAs) have identified the three main barriers to foreign investments in the Philippines. Foreign Equity Restrictions; High Costs of Doing Business; COVID-19 Pandemic. To address such restrictions on foreign equity, the government has passed into law three economic liberalization bills amending the Public Service Act (PSA), Retail Trade Liberalization Act (RTLA), and … Read more