2024 Entrepreneur of the Year—Philippines Jacinto Ng Jr. continues to champion affordable and inclusive housing through the leadership of the Joy Nostalg Group. As the company’s Group Executive Officer, Ng has pledged the construction of more than 35,000 homes over the next two years—a...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the government’s main tax agency’s ₱18 billion proposal for 2026 covers plans to build a tax-focused contact center and office space expansion to accommodate more taxpayers and reduce queues. “We want to improve our...
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. confirmed that the agency’s current collection target of ₱3.2 trillion may be revised due to the country’s slower-than-expected gross domestic product (GDP) growth. “If you follow the GDP growth, there should be a recalibration...
Richest Filipino Manuel B. Villar, founder and Chairman of Vista Land & Lifescapes Inc. and several more publicly-listed companies, released a photo showing him in good health as a response to fake news that he had suffered a heart attack and had passed away in Singapore. The photo, taken inside...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
The Bureau of Internal Revenue (BIR) has extended work hours at its Revenue District Offices (RDOs) to accommodate the surge of taxpayers availing of the estate tax amnesty before the June 16 deadline. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said that RDOs have extended their...
Amid ongoing territorial disputes and broader regional security challenges, Department of National Defense (DND) Secretary Gilberto Teodoro Jr. called on Filipinos to recognize the ongoing responsibility of safeguarding the nation’s sovereignty and to contribute actively to peace and progress....
Once a haven of the notorious Abu Sayyaf Group (ASG), the province of Basilan in Mindanao was officially declared free from the influence and presence of the extremist group on Monday, June 9. Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) Secretary Carlito Galvez...
Bloomberry Resorts Corp., billionaire Enrique K. Razon Jr.’s leisure and gaming business, has soft-launched its new online gaming platform MegaFUNalo, featuring free Viva movies as an added bonus to players. The firm took out full-page ads in major newspapers to announce the soft launch and its...
A business delegation composed of at least 20 Australian mining companies will come to the Philippines in the second half of 2025 to explore opportunities amid renewed interest among foreign investors in the extractive sector. "There will always be plenty of business missions [from Australia]. We...
The Department of National Defense (DND) will coordinate with the Philippine Coast Guard (PCG) for the planned establishment of a new coast guard station on Balabac Island in Palawan. DND Secretary Gilberto Teodoro Jr. said the area on Balabac Island where they initially planned to put up a...
