While the Philippine tax effort—tax collections as a share of gross domestic product (GDP)—stood below the Asia-Pacific (APAC) average, the country outpaced most of its Southeast Asian peers. According to the Paris-based Organisation for Economic Co-operation and Development’s (OECD) Revenue...
The Philippines is expected to maintain its position as the world’s second-largest exporter of pineapples over the next decade on the back of rising demand from China, according to two international organizations. In a joint report published on Monday afternoon, June 29, the Organization for...
The World Trade Organization (WTO) has encouraged the Philippines to expedite the implementation of trade facilitation reforms to reduce excessive costs associated with trade, making its products more competitive on the global stage. As part of its sixth Philippine trade policy review, the...
The Philippines is expected to expand its meat imports to a record high of more than 1.7 million metric tons in carcass weight equivalent (MT-CWE) this year to supplement domestic production, according to the United Nations’ Food and Agriculture Organization (FAO). In its latest Food Outlook...
The Organization for Economic Cooperation and Development (OECD) has flagged corruption as a major risk to Philippine infrastructure delivery, warning that the multibillion-peso flood-control corruption scandal show that current accountability safeguards remain insufficient to prevent the misuse of...
Starting in 2028, the Philippines will automatically exchange information on crypto-asset transactions annually with foreign tax authorities, according to the Paris-based Organization for Economic Cooperation and Development (OECD). According to OECD’s “Tax Transparency in Asia 2026: Asia...
Citing the rising risk of inflation expectations becoming de-anchored, the Paris-headquartered intergovernmental Organization for Economic Cooperation and Development (OECD) holds one of the most hawkish positions on policy tightening, penciling in a maximum of 125 basis points (bps) in interest...
BUNIA, Congo (AP) — Five patients have recovered from a rare type of Ebola, the head of the World Health Organization said Sunday during a visit to eastern Congo 's Bunia, a city at the heart of an outbreak. "Four people will be discharged today and there was one that was discharged the day...
BUNIA, Congo (AP) — The head of the World Health Organization on Saturday visited eastern Congo 's Bunia, a city at the heart of an outbreak of a rare type of Ebola, where the virus is spreading faster than the response despite better-organized health facilities and new aid arrivals. WHO...
Four global institutions have warned that the prolonged war in the Middle East is posing increasing risks to global energy security, food supplies, and economic growth as oil inventories continue to decline at a record pace. In a joint statement last Friday, May 29, the International Energy...
By 2026, the cost of getting sick in the Philippines had become a major financial risk for the average family. Data from the Boston Consulting Group (BCG) shows exactly how vulnerable most households are: six out of 10 Filipino families cannot pay for an unexpected ₱10,000 medical bill without...
BUNIA, Congo (AP) — Anxious healthcare workers in eastern Congo said Wednesday they are underprotected and undertrained in a rapidly spreading Ebola outbreak of a rare type of the virus in one of the world’s most remote and vulnerable places. Long the scene of attacks by an array of armed...
