State-run Land Bank of the Philippines will eliminate transaction fees for online government payments through the end of the year, a move aimed at easing consumer costs amid persistent global economic pressures and accelerating shift toward digital finance. In a statement on Monday, June 1,...
The updated Philippine–Japan tax treaty is expected to establish clearer and more predictable rules on the taxation of cross-border income, a development seen to benefit more than 245,000 overseas Filipinos (OFs) working and residing in Japan. “By providing clear and predictable rules on the...
Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than ₱600 million into the national coffers in April, marking the highest single-month collection in the 11 months since May 2025. According to the latest data from the Bureau of the Treasury (BTr), the...
The Philippines will repay its new $600-million World Bank loan for education reform until 2055, while also securing a separate $24.5-million grant to support sustainable agriculture transformation, newly signed agreements between the government and the Washington-based multilateral lender showed....
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
The Philippines and Japan are expected to sign a new double taxation convention (DTC) on the sidelines of President Ferdinand R. Marcos Jr.’s ongoing state visit to Tokyo. Manila Bulletin learned on Wednesday, May 27, that the Philippine-Japan DTC will possibly be signed before the end of the...
The Bureau of Customs (BOC) has issued new rules streamlining the temporary admission of foreign cable-laying and repair vessels, as the government moves to facilitate submarine cable and offshore energy projects deemed critical to the country’s digital and energy infrastructure. Under the...
The Philippine government and the Beijing-based Asian Infrastructure Investment Bank (AIIB) are exploring partnerships in digitalization and energy aimed at improving the ease of doing business and accelerating infrastructure development to support economic growth. In a statement on Friday, May 22,...
The Philippines will repay until 2044 its biggest-ever loan from the World Bank, which will bankroll a sweeping agricultural transformation program aimed at boosting food production, modernizing farming systems, and strengthening climate resilience. Documents showed that Finance Secretary Frederick...
Victims of two typhoons that struck the country last year would soon receive cash assistance after the Philippines and the Asian Development Bank (ADB) signed the agreement for a $3-million grant that will fund emergency aid for families affected by Typhoons “Tino” and “Uwan.” Documents...
The government is set to soon launch an incentive program aimed at encouraging companies to manufacture electric vehicles (EVs) in the country, with at least four automotive firms already expected to participate. Finance Secretary Frederick Go, President Macos’ point man for investment and...
The government expects the addition of seven partner nations to the Luzon Economic Corridor (LEC) to cement the region’s status as a primary investment magnet, a move officials say is vital for insulating the economy against persistent global volatility. Finance Secretary Frederick Go said the...
