Local government units (LGUs) have the discretion to adopt or not adopt the registered business enterprise local tax (RBELT), even as the interagency Fiscal Incentives Review Board (FIRB) has required them to review and align local rules with national policies. In FIRB’s latest advisory dated...
Japanese credit rating agency Rating and Investment Information, Inc. (R&I) expects Philippine economic growth to lag behind its 2025 pace as the country continues to bear the brunt of corruption-led infrastructure spending delays in 2026. This projection comes even as R&I affirmed the...
The Marcos administration has shifted the bulk of its government asset sales to the fourth quarter of the year, leaning on last-minute property deals to hit its revised ₱38.1 billion revenue goal, according to the Department of Finance (DOF). Finance Undersecretary Michael Peter A. Alejandro, who...
The Philippines remains far from stagflation despite high inflation and sluggish economic growth, members of the Marcos Jr. administration’s economic team said, pushing back against Monetary Board Member (MBM) Benjamin E. Diokno’s characterization of the current situation as “stagflation...
The Philippines is set to strengthen marine ecosystem protection and expand sustainable livelihood opportunities through €200 million (approximately ₱14 billion) in financing from French development bank Agence Française de Développement (AFD). Secured by the Department of Finance (DOF), the...
President Marcos’ economic managers will outline their roadmap for navigating global market volatility and domestic pressure at the annual Economic Journalists Association of the Philippines (EJAP) forum on Friday, Aug. 14. Finance Secretary Frederick Go, Bangko Sentral ng Pilipinas (BSP)...
Global technology and infrastructure firm iSON Group is looking to expand its $300 million investment commitment in the country with the addition of new projects in digital healthcare and business process outsourcing (BPO), according to the Department of Finance (DOF). Finance Secretary and...
The French government is extending 200 million euros, or approximately ₱14 billion, in financing to help low-income Filipino families gain better access to nutritious food under a new food security and nutrition program. In an Aug. 11 statement, the Department of Finance (DOF) and France’s...
The Marcos Jr. administration has significantly tweaked its fiscal strategy by delaying major asset disposals from 2026 to 2027, Department of Budget and Management (DBM) documents revealed. According to the latest medium-term revenue projections spanning 2025 through 2029, the bulk of...
More than 20,000 housing loan borrowers of the National Home Mortgage Finance Corp. (NHMFC) will benefit from a one-month moratorium on the payment of their monthly amortizations effective August 5, 2026 to September 4, 2026, following the continuous heavy rainfall brought by Tropical Storm Maymay...
Former Philippine Finance Secretary Cesar V. Purisima has been conferred the Order of the Rising Sun, Gold and Silver Star, by Emperor Naruhito of Japan, recognizing his contributions to deepening economic relations between the two nations. Japanese Ambassador Endo Kazuya led the conferment...
The Philippines has secured a $600 million grant (around ₱37 billion) from the United States (US) to expand access to quality healthcare and strengthen the country’s resilience against public health threats. The Department of Finance (DOF) facilitated the non-repayable grant under the Strategic...
