Customs Bureau to ask for lowering of collection target
THE Bureau of Customs said it will ask anew for lowering of its collection target of P277 billion for the year, as it is still too high considering the drop in the cargo volume nationwide.
The Bank of Canada on Tuesday said it is lowering its target for the overnight rate by 50 basis points to 3%, with the bank projecting a ``deeper and more protracted slowdown in the US economy.''