The Court of Tax Appeals (CTA) has denied the petition of Nippon Express Philippines Corporation for a tax refund of P18.7 million from the Bureau of Internal Revenue (BIR). Nippon Express filed an application for tax credits or refunds before the BIR on July 13, 2020 in the amount of...
The anticipated further reduction in interest rates will support this year's robust Philippine economic expansion, according to the think tank Capital Economics. "We expect growth to remain relatively strong in 2025, helped by policy loosening from the central bank," Capital Economics senior...
La Union 1st district Rep. Paolo Ortega (left), former president Rodrigo Duterte (Ellson Quismorio/ MANILA) House Deputy Majority Leader La Union 1st district Rep. Paolo Ortega has debunked former president Rodrigo Duterte's claim that his...
Economists believe the Bangko Sentral ng Pilipinas (BSP) will cut borrowing rates by 25 basis points (bps) as early as its first monetary policy meeting Thursday, Feb. 13, to reinvigorate economic activities and reverse last year’s slower-than-expected growth. Of the 14 private-sector...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU). In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
ILOILO CITY – The inflation rate in Western Visayas went up in January, the Philippine Statistics Authority-6 said. Nida Amolar, PSA-6 officer-in-charge and chief statistical specialist, said the inflation rate was up 0.2 percent to 3.6 percent in January from 3.4 percent in December....
While President Ferdinand R. Marcos Jr.'s allies are likely to retain control of Congress after the midterm polls, a worsening conflict with Vice President Sara Z. Duterte-Carpio and her impeachment, alongside the economic struggles of ordinary Filipinos, may challenge the administration's hold on...
With about 50 million Filipinos with jobs in 2024, the country recorded its highest employment rate in 20 years, according to the Philippine Statistics Authority (PSA). Of the working population, 96.2 percent landed a job in 2024, a share higher than 2023’s 95.6 percent. This is the highest jobs...
The unemployment rate for December last year went down to 3.1 percent, the Department of Labor and Employment (DOLE) said on Thursday, Feb. 6. DOLE Secretary Bienvenido E. Laguesma said the latest Labor Force Survey (LFS) showed a decrease from 3.2 percent in November 2024, reflecting sustained...
Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
