Vista Land & Lifescapes Inc., owned by the richest Filipino Manuel B. Villar Jr., posted a five percent improvement in net income to ₱3.4 billion in the first quarter of 2025 from ₱3.23 billion in the same period last year due to higher sales and leasing income combined with lower expenses. In...
If trade shocks are left unchecked, they could potentially inflict greater damage on Philippine growth, compromising the country’s significant progress in recent years, according to a top official of the Bangko Sentral ng Pilipinas (BSP). “In particular, trade shocks affect the capital stock of...
The courtesy resignation of Department of National Defense (DND) Secretary Gilberto Teodoro Jr. will not affect the operations of the Armed Forces of the Philippines (AFP), a ranking military official disclosed. The AFP is a professional organization that will continue to fulfill its mandate to...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
Tourism leaders and stakeholders across the country have expressed strong support for Department of Tourism (DOT) Secretary Christina Garcia-Frasco following her submission of a courtesy resignation in response to President Ferdinand Marcos Jr.’s directive for a midterm Cabinet reshuffle....
Two Oriental Mindoro congressmen have pushed measures to stop the entry of companies that may be contracted to conduct large-scale mining in Mindoro. Rep. Arnan C. Panaligan of the first district said he will refile House Bill 3891 that he introduced in 2022 declaring the entire Mindoro Island as...
The Washington-based International Monetary Fund (IMF) has reaffirmed its positive outlook on the Philippines, projecting steady economy growth in the coming years and signaling that the Bangko Sentral ng Pilipinas (BSP) has room to ease interest rates further amid falling inflation. In a statement...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the central bank has plenty of room to cut key interest rates on the back of softer inflation, signaling a potential 50-basis-point (bp) cut by year-end. “So far, the hard data says we have plenty of room to cut, especially...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
An exclusive marketing arm of Sta. Lucia Land Inc. (SLLI), 1 Premiere Land Marketing (1PLMC) has officially unveiled its newest sales and field office located within Sta Monica Lake Residences in Manaoag, Pangasinan. In line with its inauguration, a ribbon cutting ceremony was held last March 29,...
If President Ferdinand “Bongbong” Marcos Jr. is sincere in his efforts to reconcile with the Dutertes, he should first bring former president Rodrigo Duterte back home from the Hague in the Netherlands where he is currently detained at the International Criminal Court (ICC). Sen....
The Bureau of Internal Revenue (BIR) has introduced simplified procedures for value-added tax (VAT) refund claims, as part of its implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) MORE Act. Detailed in Revenue Memorandum Circular (RMC) No. 37-2025, the changes aim...
