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The Bangko Sentral ng Pilipinas (BSP) and the leading industry group of private and government banks on Tuesday sought to calm markets and the public amid contagion fears from a brewing banking crisis in the United States. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said there was limited fallout to the country following the …
Local banks “safe” from Silicon Valley Bank crisis Read More »
Over the years, CREBA mounted strong opposition to the imposition of onerous land taxes, which would have made housing completely unaffordable by the low- and middle-income groups. These taxes included the Creditable Withholding Tax (CWT), the Land Conversion Tax, and the VAT. Congress subsequently shelved the proposed land conversion tax; the CWT was rationalized to …
Towards Sensible Fiscal & Monetary Interventions Read More »
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