Department of Agriculture (DA) Secretary Francisco Tiu Laurel said the slower inflation in February is a clear affirmation that the agency’s strategy to stabilize the supply and prices of agricultural products is working as intended. The Philippine Statistics Authority (PSA) reported that the...
House Speaker Martin Romualdez (Speaker’s office) Numbers don't lie. This was House Speaker Martin Romualdez's upbeat reaction to the continued drop in inflation rate, which slowed from 2.9 percent in January to 2.1 percent in February this year....
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of Suburbia Automotive Ventures, Inc. against the P46.05 million tax assessments issued by the Bureau of Internal Revenue (BIR). The BIR issued a preliminary assessment notice (PAN) dated Sept. 6, 2010 assessing...
Consumer price hikes dropped sharply to 2.1 percent in February, marking the lowest rate in five months, according to the Philippine Statistics Authority (PSA). Data from the PSA on Wednesday, March 5, revealed headline inflation slowed significantly from the 2.9 percent rate in January. It...
When asked on the key issue candidates must champion in the midterm elections, business magnate Manuel V. Pangilinan, or MVP, didn’t mince words; and he called it as it is: voters must see through the hollow promises, and leaders must do more than talk; they must create quality jobs. Government...
The crime rate in Metro Manila in February this year went down by 37 percent compared to the same period last year, the National Capital Region Police Office (NCRPO) said on Sunday, March 2. From 545 criminal incidents categorized under Eight Focus Crimes in February 2024, the cases of murder,...
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...
