The government is planning to simultaneously implement its two flagship incentive programs aimed at encouraging the local production of electric vehicles (EVs) and gas-powered cars, potentially within the year. Finance Secretary Frederick Go told reporters last week that the government intends to...
Investments registered with the Board of Investments (BOI) increased by 21 percent to more than ₱460 billion in the first half of 2026, as projects in the renewable energy (RE) sector continue to dominate the country’s investment landscape. In a statement last week, the BOI said it approved...
Manila Bulletin on Thursday, July 9, welcomed four new board members, bringing together leaders in agriculture, science and technology, information and communications technology (ICT), and economics to help propel the 126-year-old newspaper forward in a rapidly evolving media landscape. Former...
President Marcos reappointed veteran bankers Walter C. Wassmer and Jose L. Querubin to the Bangko Sentral ng Pilipinas’ policymaking Monetary Board, securing their roles through July 2032. The reappointments extend the tenure of both officials to full six-year terms. Wassmer and Querubin were...
With the effects of the fuel crisis rippling across sectors, public transport is among the most severely impacted. Jeepney drivers are bearing the brunt of this volatility as rising costs threaten both their livelihoods and national mobility. The impact is felt far beyond the roads; this means...
The Department of Transportation (DOTr) and Land Transportation Franchising and Regulatory Board (LTFRB) have partnered with GCash to enable fuel subsidy disbursements benefiting drivers of public transportation nationwide. Under this program, eligible beneficiaries receive fuel assistance directly...
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...
