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The Philippine Amusement and Gaming Corporation (Pagcor) has allocated P22.4 million for its traditional Pamaskong Handog this year to benefit some 13,000 people in a 13-day gift-giving activity from December 6 to 21.

By Luis Leoncio Despite the rise in public spending due to the costly infrastructure buildup of the Duterte administration, the share of debt to the country’s economy slid further as of September this year.

The United Kingdom (UK) plans to hold another business mission in the Philippines in the first quarter of next year, said British Chamber of Commerce of the Philippines (BCCP) chairman Chris Nelson.

The full effects of Brexit on Britain’s trading relations may not be resolved for a further 20 years, a leading economics commentator has claimed.

By Luis Leoncio Congress must approve the tax-reform pro­gram as a package— the popular compo­nent, which is the income-tax reduction, and the reve­nue-enhancement measures, which are considered the “bit­ter pill”—in order to achieve the desired balance, Finance Secretary Carlos Dominguez III said in a statement.

The decision of the Depart­ment of Agriculture (DA) to cancel all government import permits on farm products, except for rice, and to issue new permits only through the office of the Agriculture secretary will do a lot to curb the smuggling of agricultur­al commodities that has cost the government close to P80 billion in lost revenues in the last five …

By Riza Lozada The peso recovered somewhat on Friday closing at 49.84/$1 from Thursday’s close of 49.98 after touching P50 per dollar on the same day, the weakest since Nov. 20, 2008, when it traded at 49.99/$1.

Filipinos generally expressed optimism in two survey results released during the weekend, but confidence among busi­nessmen went down substantially in the third quarter.

Rizal Commercial Banking Corp. (RCBC) has disputed the rec­ommendation of the Anti-Mon­ey Laundering Council (AMLC) to the Department of Justice (DOJ) to file criminal proceed­ings against six RCBC officials accused of failing to stop the laundering of $81 million stolen by cyber-criminals from Bangla­desh’s central bank last Febru­ary.

With the Freedom of Information (FOI) executive order taking ef­fect Friday, the public will now have free access to all informa­tion held by the government except for sensitive informa­tion and matters affecting na­tional security.