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Finance Secretary Carlos G. Dominguez III (Bloomberg photo)

DOF vows to exempt tourists from VAT

By Chino S. Leyco The Department of Finance (DOF) said yesterday that it is supporting the proposal allowing foreign nationals visiting the Philippines to enjoy…

MB file photo.

Thrift banks’ assets up 4.82% in H1

By Lee C. Chipongian The thrift banking sector reported an increase in its managed assets amounting to P44.898 billion as of end-June, up 4.82 percent…

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Remittances up 2.5% to $19.1B end-August

By Lee C. Chipongian Remittances sent through the banking system increased by 2.5 percent year-on-year to $19.057 billion as of end-August, the Bangko Sentral ng…