The Fiscal Incentives Review Board (FIRB) has approved nearly ₱21 billion in tax subsidies requested by 10 government institutions, exempting these agencies from paying taxes and duties. As of May 21, the FIRB, chaired by Finance Secretary Ralph G. Recto, has approved ₱20.9 billion in tax...
With falling inflation and elevated positive real interest rates, the Bangko Sentral ng Pilipinas (BSP) is all set to further slash the key borrowing rate on June 19, according to Singapore-based United Overseas Bank (UOB). The five-and-a-half-year low headline inflation of 1.3 percent recorded in...
The Board of Investments (BOI), the lead investment promotion agency of the Philippines, is expecting to process ₱1.12 trillion worth of investment pledges over the next two quarters, signaling the country’s growing appeal as an investment hub. The BOI said it is currently checklisting 65...
The Bangko Sentral ng Pilipinas (BSP) is seen cutting interest rates for two consecutive policy meetings as inflation falls to below-target levels, according to Deutsche Bank Research. In a May 31 report emailed on Monday, June 2, Deutsche Bank Research forecast headline inflation in May at 1.5...
The Professional Regulation Commission (PRC) has released the results of the March 2025 Licensure Examination for Teachers (LET), announcing that 55,029 examinees have successfully passed and are now newly licensed educators across the country. The PRC, in coordination with the Board for...
Travelers looking for a quick getaway during the rainy season can expect cheaper plane tickets next month after the Civil Aeronautics Board (CAB) slashed the fuel surcharge to its lowest level this year. In an advisory, CAB announced that the fuel surcharge will fall to Level 3 in June from the...
The Professional Regulation Commission (PRC) announced that 6,935 out of 10,770 examinees successfully passed the May 2025 Philippine Nurses Licensure Examination (PNLE), administered by the Board of Nursing across 18 testing centers nationwide. The PRC noted that the results were released just...
The Philippine National Police (PNP) said police personnel were designated to take over as the special electoral board (SEB) in Datu Odin Sinsuat, Maguindanao due to election-related violence moments before the start of the midterm elections there on Monday, May 12. Police Lt. Col. Jopy Ventura,...
President Marcos has ordered the release of P2,000 across the board increase on the compensation of teachers and other poll workers serving in the May 12 national elections. Employees of the Quezon City Treasurer’s Office unload dozens of boxes of Official Ballots for the 2025 National and Local...
The Department of Transportation (DOTr) has reopened the consolidation process for drivers and operators of public utility vehicles (PUVs) who have yet to join the government’s highly contentious Public Transport Modernization Program (PTMP). Under Department Order (DO) No. 2025-009,...
The Philippines is committed to becoming a regional powerhouse for smart and sustainable industries through ease of doing business that would facilitate a higher influx of investments, according to the Board of Investments (BOI). BOI Governor Marjorie Ramos-Samaniego issued this pledge as the...
The Board of Investments (BOI) has endorsed more than ₱5-trillion worth of projects under green lane status by the end of April, with the renewable energy (RE) sector having the bulk of investments. From January to April this year, the BOI endorsed a total of 26 projects valued at ₱631.22...
