The Marcos administration, through the Department of Budget and Management (DBM), has already set its national budget priorities for 2026 based on the government’s medium-term development plan. Given the country’s “limited fiscal space,” new budget proposals will be evaluated based on their...
The Philippines climbed one spot in this year’s edition of the World Competitiveness Ranking by the Switzerland-based International Institute for Management Development (IMD), on the back of strong economic performance, while still being among the worst performers in the Asia-Pacific region. The...
The Management Association of the Philippines (MAP), comprising the country’s leading business executives, is “deeply concerned” over the Senate’s decision to return the impeachment case of Vice President Sara Duterte to the House of Representatives, warning of its potential economic...
Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
The country’s information technology and business process management (IT-BPM) sector is on track to reach $40 billion in revenues this year as investor confidence in the industry remains robust despite the looming threat of the United States’ (US) tariff policy. IT and Business Process...
The Department of Budget and Management (DBM) has released a total of ₱1.3 billion to support the ongoing implementation of the Electronic Gates (E-gates) Project in major international gateways across the country. “The DBM already released the budget allocation for the E-gates Project for...
The Management Association of the Philippines (MAP) is urging the government to focus on reducing high costs across commodities and services to alleviate the burden on minimum-wage-earning Filipino workers and their families. MAP, comprising the country’s leading business executives, stated that...
Fuel prices are set to increase ahead of the celebration of Philippine Independence Day on June 12. Effective Tuesday, June 10, gasoline prices will inch up by ₱0.60 per liter, while diesel will go up by ₱0.95 per liter. Kerosene is also set to climb by ₱0.30 per liter. Shell Pilipinas,...
Equinix Inc., a digital infrastructure company headquartered in the United States (US), has completed its acquisition of three data centers in Manila, becoming the newest player in the country’s growing data center industry. In a statement, Equinix announced that it has acquired the data centers...
The country’s leading business executives are optimistic about the government’s ongoing strategy to enhance the ease of doing business in the Philippines, following the new reform outlook of the Anti-Red Tape Authority (ARTA). In a statement, the Management Association of the Philippines (MAP)...
The Management Association of the Philippines (MAP) is urging the government to maintain the phased implementation of the long-awaited rehabilitation of EDSA while the project is currently suspended. MAP, which features the country’s leading business executives, supports the plan to construct the...
ILOILO CITY – The Bureau of Jail Management and Penology has initiated additional administrative charges against a jail officer who not only tested positive for drug use but also suspected to have ties to the illegal drugs trade here and province of Iloilo. Jail Senior Insp. Juniven Rey Umadhay...
