Benchmark yields for short-term loans were significantly higher this week amid the policy rate increase forcing the Bureau of the Treasury to partially borrow. At Tuesday's auction of Treasury bills on Oct. 31, the national government raised a total of P12.75 billion, below the P15 billion program....
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
The Department of Finance (DOF) has reported that the application for tax incentives for 45 projects, with a combined investment capital of P721.3 billion, has been approved by the Fiscal Incentives Review Board (FIRB). In a statement on Wednesday, Oct. 25, the DOF said these projects are...
Foreign investments approved by Department of Trade and Industry’s (DTI) investment promotion agencies since the start of the administration of President Marcos has reached P1.4 trillion, Trade and Industry Secretary Alfredo Pascual said. Trade and Industry Secretary Alfredo Pascual (Photo from...
In response to the call from developers, the Philippine Board of Investments (BOI) has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City last October 5, 2023 hosted...
President Marcos led the approval of several high-impact projects amounting to P269.7 billion to boost tourism and gaps in the country's healthcare system. President Ferdinand 'Bongbong' Marcos Jr. and NEDA Secreatry Arsenio Balisacan discuss high-impact projects during the NEDA Board metting on...
Sen. Grace Poe on Tuesday, Oct. 10 urged the Department of Transportation (DOTr) to suspend the PUV Modernization Program (PUVMP) in light of the alleged corruption in the Land Transportation Franchising and Regulatory Board (LTFRB). Poe who heads the Senate Public Services Committee said...
Finance Secretary Benjamin E. Diokno said there is a global consensus that central banks, including the Philippines, have implemented sufficient interest rate hikes to address the escalating consumer prices. During the Chat with SBED briefing on Friday, Oct. 6, Diokno concurred with the assertion...
Senator Jinggoy Estrada is looking to have more severe penalties, such as life imprisonment and substantial fines, against individuals who will be found guilty of game-fixing in professional or amateur sporting events in the country. "It is imperative that we uphold the true spirit of fair play and...
By MARK REY MONTEJO Boxing icon Manny Pacquiao and basketball legends Robert Jaworski and Ramon Fernandez are among the Filipino sporting greats set to be feted in the 2023 Philippine Professional Sports Summit at the PICC in Pasay City on Saturday, Sept. 30. Games and Amusement...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, Sept. 21, that the Department of Environment and Natural Resources (DENR) and the Department of Information and Communications Technology (DICT) will sit as members of the NEDA Board’s Committee on...
President Marcos will soon issue an executive order (EO) that will expedite the processing of licenses and permits for the implementation of flagship infrastructure projects of the administration. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/KJ Rosales) National Economic...
