Britain’s economy grew in February as businesses coped better with lockdown restrictions, official figures show. Gross domestic product (GDP) rose by 0.4 per cent after a 2.2 per cent decline in January, revised upwards from a 2.9 per cent fall, the Office for National Statistics said. The figure was broadly in line with forecasts. The latest figures suggest that ...

REUTERS MOODY'S INVESTORS Service said emerging markets face risks in the timing of their unwinding of quantitative easing (QE) measures as economies recover. "Extending quantitative easing when an economic recovery is already underway would make it more difficult to roll back, especially if not supported by strong institutional frameworks. On the other hand, prematurely withdrawing quantitative easing could tighten financial ...

THE Securities and Exchange Commission (SEC) has proposed to exempt from registration securities offered by financial and multilateral institutions, which it deems to be sufficiently regulated by other entities. The current registration requirements are detailed in Sections 8 and 12 of the Securities Regulation Code (SRC). Securities offered by government financial institutions will also be exempt from Section 12, which ...

PHILIPPINE STAR/ MICHAEL VARCAS LEGISLATORS are gearing up for a fight after the government announced plans to expand the allowable quota of pork imports, saying that allowing more pork into the country at lower tariff rates will cost the government billions of pesos in revenue. The opposition was coalescing following a proposal to drastically increase the minimum access volume (MAV), ...

PHILSTAR THE Insurance Commission (IC) said all non-life insurance companies must adopt and implement new rates and a new rating structure for all their catastrophe risk policies starting April 2022. Insurance Commissioner Dennis B. Funa issued Circular Letter 2021-27 dated April 12 asking the non-life industry to implement the sustainable catastrophe insurance premium rates and formally establish the Philippine Catastrophe ...

REUTERS THE Finnish ambassador has conveyed interest in possible collaboration with the Philippines in climate change mitigation and digitalization projects, the Department of Finance said in a statement Wednesday. Finnish Ambassador to Manila Juha Pyykko made the remarks in a recent video meeting with Finance Secretary Carlos G. Dominguez III, according to the statement. He also listed smart city development, ...

THE intellectual property office will work with the National Telecommunications Commission (NTC) to effect faster blocking of websites carrying pirated material. The Intellectual Property Office of the Philippines (IPOPHL), in a statement Wednesday, said it will partner with NTC to develop streamlined protocols for rapid site blocking. IPOPHL has been asking Congress for power to issue take-down orders for the ...

Through the years, countries have developed a network of tax treaty agreements which provide tax residents of treaty countries income tax exemption or preferential tax treatment on foreign-sourced income. As a minimum requirement to avail of tax treaty benefits, an income earner must prove that it is a tax resident of the treaty country. This is done by presenting a ...

FOREIGN AFFAIRS SECRETARY TEODORO L. LOCSIN, JR. -- PHILSTAR By Vann Marlo M. Villegas and Kyle Aristophere T. Atienza, Reporters THE PHILIPPINES on Wednesday fired off another diplomatic protest against China after authorities spotted a swarm of Chinese vessels, including six war ships within its waters in the South China Sea. Two Houbei class missile warships were spotted at Mischief ...

PHILIPPINE STAR/ MICHAEL VARCAS THE DEPARTMENT of Health (DoH) reported 8,122 coronavirus infections on Wednesday, bringing the total to 892,880. The death toll rose by 162 to 15,447, while recoveries increased by 501 to 704,386, it said in a bulletin. There were 173,047 active cases, 96.3% of which were mild, 2.4% did not show symptoms, 0.4% were critical, 0.5% were ...