The Bureau of Internal Revenue (BIR) has elevated two tax evasion cases, totaling ₱796.95 million, to the Court of Tax Appeals (CTA) after the Department of Justice (DOJ) ruled in government’s favor. In a statement on Monday, July 7, BIR Commissioner Romeo D. Lumagui, Jr. noted that criminal...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
The Securities and Exchange Commission (SEC) vows to comply with President Ferdinand Marcos Jr. 's directive to streamline its processes, aligning with the Marcos administration’s vision of an inclusive and efficient capital market that can help pave the way for a financially secure future...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said he remains undaunted by China’s sanctions targeting former senator Francis Tolentino due to his firm stance in the West Philippine Sea (WPS). Teodoro, another vocal critic of China, said Beijing’s decision to bar...
The Armed Forces of the Philippines (AFP) showcased a historical marker for the “Bongbong Rocket”, a decommissioned rocket launcher named after President Marcos Jr., which was developed in the 1970s but eventually abandoned after the fall of Marcos Sr. AFP Chief, General Romeo Brawner Jr. led...
LOS ANGELES (AP) — Famed Mexican boxer Julio César Chávez Jr. has been arrested for overstaying his visa and lying on a green card application and will be deported to Mexico, where he faces organized crime charges, U.S. federal officials said Thursday, July 3. The arrest came only days after...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. expressed doubts on China’s intent to lead the signing of a treaty that establishes a nuclear weapon-free Southeast Asia. Teodoro said that China should show its sincerity first by denuclearizing its country and be subjected to...
The Bangko Sentral ng Pilipinas is considering two more cuts to key borrowing costs, driven by easing inflation and an economic slowdown attributed to consumer and business uncertainty. Two cuts are “possible,” BSP Governor Eli M. Remolona Jr. told reporters on the sidelines of the 32nd BSP...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
The multi-role fighters (MRFs) that would be procured by the Department of National Defense (DND) for the Philippine Air Force (PAF) should be equipped with the Airborne Warning and Control System (AWACS) capability, Defense Secretary Gilberto Teodoro Jr. said. The PAF, which celebrated its 78th...
The Philippines is now operationalizing Japan’s proposed “one-theater” concept which envisions the South China Sea, East China Sea, and the Korean Peninsula as a single and integrated theater of operations in wartime. Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said...
The Philippines found an ally from the other side of the globe after Lithuanian Defense Minister Dovilė Šakalienė criticized China’s aggressive actions against Filipino fishermen in the West Philippine Sea (WPS), saying that small countries should work together to stand up against aggressors,...
