The national government’s outstanding debt is projected to breach the ₱21-trillion mark for the first time, hitting a record ₱21.48 trillion by the end of 2027 as the Marcos administration ramps up borrowing to fund infrastructure projects and development programs. According to medium-term...
Senate President Sherwin Gatchalian on Tuesday, August 11 formally received the proposed P7.2-trillion national budget for 2027. The copy of the National Expenditure Program (NEP) was formally received by Gatchalian during a ceremonial turnover at the Senate, together with Finance Committee...
The Energy Regulatory Commission (ERC) is moving to strip value-added tax (VAT) from system loss charges to ease electricity costs for Filipino consumers. In a draft resolution released on Tuesday, Aug. 11, the power sector regulator proposed reclassifying system loss charges as government-mandated...
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...
The proposed P7.2-trillion national budget for next year represents a prudent and forward-looking investment aimed at sustaining the country 's economic growth, President Marcos said. In his budget message, Marcos said the proposed 2027 National Expenditure Program (NEP), which was submitted...
Camarines Sur Reps. Migz Villafuerte (2nd district) and Luigi Villafuerte (5th district) are upbeat over the imminent establishment of the proposed National Cybersecurity Agency (NCSA) under the Department of Information and Communications Technology (DICT). This, after the recent approval by the...
The government will formally submit to Congress on Tuesday, Aug. 11, the proposed P7.2-trillion National Expenditure Program (NEP) for 2027, setting in motion the next stage of the national budget process, Malacañang said Monday. Presidential Communications Office (PCO) Undersecretary Claire...
Alex Eala has been drawing significant attention, not only in her impressive performances in the WTA Tour, but also in the color of her tennis outfits. At the Mubadala DC Open where she won her breakthrough WTA Tour singles title, Eala wore green throughout. This week at the National Bank Open in...
As the Philippine Retailers Association (PRA) marked its 50th anniversary, SM Retail continued to play a key role in shaping the future of the industry as the exclusive Diamond Sponsor of PRA 's 32nd National Retail Conference and Expo (NRCE) last August 6 to 7, 2026 at the SMX Convention...
Alex Eala fell to a more ferocious opponent in former champion Belinda Bencic, 4-6, 0-6, in the fourth round of the National Bank Open in Toronto, Canada on Monday, Aug. 10. The 25th-seeded Filipina couldn’t muster enough energy to outlast her seasoned Swiss rival, who won the tournament back in...
Nearly half of Philippine businesses remain dissatisfied with registration and closure procedures despite a law aimed at cutting red tape, as fragmented government systems, weak data sharing, and uneven digitalization continue to slow transactions, according to the Department of Economy, Planning,...
The net income of Social Security System (SSS), the state-run pension fund for private-sector workers, fell by 28 percent to ₱48 billion in the first half of 2026 as expenses, especially benefit payouts to pensioners, continued to rise faster than its income. SSS’ latest condensed statement of...
