The ongoing conflict has created economic shockwaves, leaving the oil supply hanging in the balance and price pressures threatening our collective affordability. Yes Virginia, there’s no stopping inflation from rearing its ugly head. It could stay with us indefinitely depending on the resolution...
A Senate panel on Wednesday, March 11, approved "in principle" the proposals that would grant President Marcos powers to either suspend or reduce excise tax on fuel amid rising fuel costs. "In principle, the members who attended are supportive of the main principle of the bill, which is to give...
Who knew that helping a friend find her way to a finance job application on Mabini Street could launch a long-term career in fiscal management? For Maria Teresa Habitan, that chance act was the first of many “happy accidents” that would shape her rise to veteran status. Habitan first stepped...
Nomura Holdings Inc. warned that the Philippines’ credit rating outlook faces a potential downgrade to “negative” if lingering corruption scandal involving flood control funds remains unresolved, threatening to derail the country’s progress toward an “A” grade rating. In a monthly...
President Marcos Jr.’s chief economic manager is upbeat over government revenue collection in 2026, as the Bureau of Customs (BOC) moved to bolster its policy and intelligence-driven decision-making with the creation of a new strategic unit under the chief’s first order of the year. Department...
The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
The government is moving to curtail the power of tax investigators to conduct audits, part of an aggressive push to curb bureaucratic overreach and improve the business climate for the private sector. Finance Secretary Frederick Go told reporters the Department of Finance (DOF) is “seriously”...
Finance Secretary Frederick D. Go pushes for the extension of the estate tax amnesty to the end of 2028, which could generate additional revenue while easing the burden for Filipinos settling their debts on inherited properties. This measure is among the priority tax measures the Department of...
Malacañang said it respects the Supreme Court 's decision to return the P60-billion excess funds to the Philippine Health Insurance Corporation’s (PhilHealth). "We respect the decision of the Supreme Court. The Office of the Solicitor General will review the ruling and decide on the...
A move is underway in the Senate to lower the value-added tax (VAT) imposed on purchased goods and services. Under Senate Bill No. 1552 filed by Senator Erwin Tulfo, Section 106 of the National Internal Revenue Code would be amended to bring down the current 12 percent VAT to 10 percent. The...
The Department of Finance (DOF) announced the immediate and temporary suspension of all field tax audits and related operations, citing widespread taxpayer concerns over “potential abuse” and irregularities in the issuance of audit documents. In a statement on Monday, Nov. 24, Finance Secretary...
Makati City Mayor Nancy Binay has signed the city 's budget for next year worth P21 billion, reinforcing the city’s commitment to delivering efficient, people-centered, and future-ready programs for all residents. Several local government officials were also present during the event...
