Duterte Signs A Measure Requiring Government Employees To Be Paid Night Differential
The hourly basic rate is calculated by dividing the basic monthly rate by 22 working days and then dividing the quotient by eight hours.
BSP Encourages Consumers To Use Security Features For Their Online Accounts
With the alarming rise of hacking and other forms of cybercrime against individuals’ online banking and financial institutions, the BSP urges the public to safeguard their accounts.
Elon Musk’s SpaceX Soon To Launch Starlink In The Philippines
Preparations for their registration are ongoing their application is now being processed; their gateway sites are being visited.
More Filipinos Carry Less Cash In 2021
60% of Filipinos have less cash in their pockets, and 84 percent have considered becoming cashless by 2021.
President Duterte Signed A Law That Allows Full Foreign Ownership Of Business In Key Ownership
A move to further liberalize the Philippine economy.
The Department Of Finance Remains Opposed To The Suspension Of Fuel Excise Tax
Despite recent price increases caused by the ongoing crisis between Russia and Ukraine, the DOF maintained its stance on suspending excise.
Personal Remittances In 2021 Hit An All Time High Despite The Pandemic – BSP
Personal remittances in 2021 reached an all-time high of $34.9 billion, accounting for 8.9% of the country's GDP.
A Study Finds That Nearly 40% Of Filipino Workers Are Overeducated
40% of the employed individuals in the country hold academic credentials beyond what their occupations require
Philippines Will Need A Decade To Become An Upper Middle Income Country (UMIC)
Former National Economic and Development Authority (Neda) said that that the country's per capita GDP in current US dollars must double in order for it to become an Upper Middle Income Country (UMIC).
Philippines To Lose ₱200M Due To NCR’s Shift Back To Alert Level 3
Lopez explained that the country will lose the same amount it earned when Metro Manila was moved to the second-lowest warning level, Alert Level 2.