Filipinos planning to book their next local or foreign getaway can expect lower airfares starting next month, as the government reduced the fuel surcharge to its lowest level yet since the conflict in the Middle East erupted. In an advisory dated June 26, the Civil Aeronautics Board (CAB) said it...
The Mindanao Development Authority (MinDA) is hoping to leverage the ongoing peace initiatives in Mindanao to position the region as an investment hub for the energy and agriculture sectors. MinDA Secretary Leo Tereso Magno said Mindanao has long struggled to attract investments in high-value...
The government is going all out on the development of sustainable aviation fuel (SAF) through agreements with a local alliance promoting the decarbonization of the aviation sector, as it looks to position the country as a hub for renewable fuel. The Board of Investments (BOI) said in a statement...
The cost of flying will continue to ease until the end of June after the Civil Aeronautics Board (CAB) lowered the fuel surcharge included in airfares by a notch to Level 12, coinciding with the easing of jet fuel costs. The CAB announced on Thursday, June 11, that the new surcharge level would be...
Government preparations for the possible implementation of the proposed global top-up tax are ongoing, as large multinational enterprises (MNEs) have expressed a preference to settle the 15 percent global minimum tax in the Philippines rather than comply with “unfamiliar rules” abroad. Bureau...
The Board of Investments (BOI) has granted green lane status to ₱6.32 trillion worth of investments by the end of May, with the majority of the endorsed projects now undergoing pre-development following the expedited processing of permits. Data from the BOI showed that a total of 237 projects...
The Bangko Sentral ng Pilipinas (BSP) would likely continue hiking interest rates this year despite the lower-than-expected inflation rate in May, even as the pace of monetary policy tightening may be more gradual as economic growth remains subdued, according to Singapore-based United Overseas Bank...
The Board of Investments (BOI) expects foreign investment pledges approved by the country’s investment promotion agencies (IPAs) to maintain their upward trajectory through the end of the year, despite a sharp decline in total approved investments in the first quarter. Department of Trade and...
British banking giant Barclays now expects the Bangko Sentral ng Pilipinas (BSP) to deliver just one more interest rate hike this month before eventually returning to monetary policy easing, after inflation in May slowed more than anticipated. In a report obtained by Manila Bulletin,...
The Board of Investments (BOI) has certified ₱340.07 billion worth of investments under the green lane program for the first four months of the year, fueled by the growing appeal of the country as a renewable energy (RE) hub. In a statement, the BOI said these investments are from 14 proposed...
The government’s new list of economic activities eligible for incentives is expected to encourage the entry of investments aimed at propelling the country’s economic growth, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said the government is looking...
A bill seeking to make professional examinations free for qualified indigents is now being pushed in the Senate. Sen. Erwin Tulfo, in filing Senate Bill No. 2035 or the proposed “Free Professional Examinations Act” said it is imperative to provide free examinations to bar and board takers who...
