The International Monetary Fund (IMF) urged the Philippines to exercise fiscal discipline and prioritize targeted spending as the country’s debt ratio is projected to breach a critical threshold this year amid volatile global energy markets. The Washington-based lender expects the general...
CEBU CITY: AppleOne Group, one of the Philippines’ leading property developers, has launched Mahi Center, its first integrated business and lifestyle destination. “For Mactan residents, professionals, and travelers passing through one of the Philippines’ busiest airports, today’s launch...
Finance Secretary Frederick D. Go has called for stronger ties between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) to expand financing access for small businesses across the region. “Given the EU’s expertise in digital and sustainable finance, Go called for...
President Ferdinand Marcos Jr.’s economic team said Filipino consumers are unlikely to see meaningful relief from the suspension of excise taxes on gasoline and diesel, as any reduction in pump prices would be minimal and likely offset by prevailing market forces. This was the Cabinet-level...
Senator Christopher “Bong” Go is batting for the temporary suspension in the payment of government contributions to various agencies even as Filipinos struggle to cope with elevated pump fuel prices. Among the agencies covered in Go 's proposal are the Philippine Health Insurance...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
Amid a national energy emergency, government response to the oil crisis is expected to accelerate spending in the first half of the year, reversing a slump in infrastructure expenditures last year in the aftermath of the flood-control corruption scandal. According to the Department of Budget and...
CEBU CITY – A major educational institution here will not implement a tuition increase for the upcoming school year. The University of Cebu (UC) on Tuesday, April 7, announced that there will be no tuition increase for the school year 2026-2027 amid the global cost pressures caused by the ongoing...
The Marcos Jr. administration’s chief economic manager assured on Tuesday, April 7, that the Philippine government has enough resources to tackle the oil crisis head-on, given an improving fiscal position with rising revenues coupled with prudent spending on public goods and services. “Our...
Director Yeon Sang-ho, best known for the global zombie hit "Train to Busan” (2016), is back with another zombie film, gathering big-name stars in Korean cinema. In a report by The Korea Times , the upcoming film is set inside a sealed building where survivors trapped by a mysterious infection...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is pushing for the proposed Casiguran international seaport to be declared a national priority, as the investment promotion agency (IPA) ramps up efforts to secure investor backing for the big-ticket infrastructure project. APECO...
Senator Christopher “Bong” Go on Thursday, April 2, called on the government to implement a more responsive fuel relief mechanism in light of the oil price surges. Go, made the appeal even after the President’s signing of the law temporarily suspending excise tax, raising concerns over...
