The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
(MANILA BULLETIN) On Labor Day, Alyansa para sa Bagong Pilipinas senatorial candidate Benhur Abalos batted for higher income tax exemption levels, as he reckoned that workers deserve greater financial relief amid continuing inflation...
Japan is ready to help the Philippines achieve an upper-middle-income status, Japanese Prime Minister Ishiba Shigeru said on Tuesday, April 29, through a range of cooperations that will cover telecommunications, energy, and infrastructure, among others. President Ferdinand 'Bongbong' Marcos Jr. and...
The Philippines and the Like-Minded Group for Middle-Income Countries (LMG-MICs), has adopted on Tuesday, April 29, the Makati Declaration on Middle-Income Countries, which will serve as a roadmap for member-states to address present challenges to their continuous growth, lack of access to funding...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo on Monday, April 28, underscored the need for middle-income countries (MICs) like the Philippines to adhere to the international rules-based order to fulfill its potential of becoming “pacemakers” of the global economy and...
(MANILA BULLETIN) The Philippines' potential to achieve upper middle-income country status by 2026 is a clear validation of President Marcos' economic roadmap--but it should mean more than that, says House Speaker Martin Romualdez. The...
The Philippines and other countries with middle-income status are poised to take on a “bigger role” in shaping discussions on the path toward 21st-century development and “new generation partnerships,” Department of Foreign Affairs (DFA) Secretary Enrique Manalo said on Thursday, April 24....
President Ferdinand "Bongbong" Marcos Jr. (left), Navotas City lone district Rep. Toby Tiangco (Facebook) Navotas City lone district Rep. Toby Tiangco is upbeat with the prospect of the Philippines achieving middle incoming status as...
BIR Commissioner Romeo D. Lumagui Jr. Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. is confident that the government’s main tax agency will meet its ₱3.23 trillion collection goal this year after it exceeded its first quarter targets. “Based on the progress of...
After the decline in 2023, the Bangko Sentral ng Pilipinas’ (BSP) net income surged by ₱91.1 billion last year, reaching ₱117.6 billion, driven by higher revenues and lower expenses. Last year’s income was 344 percent or more than four times larger than the central bank’s ₱26.5-billion...
The Court of Tax Appeals (CTA) has ordered a businessman to pay the Bureau of Internal Revenue (BIR) P6.6 million in deficiency income and value-added taxes of his company for calendar year 2016. Redentor Agpuldo Tagala, proprietor of 7th Concept Trading and 7C Construction, filed a petition for...
Ayala-led ACEN Corp. reported an increase in its net income for last year on the back of growing renewable energy (RE) output. In a disclosure to the Philippine Stock Exchange on Wednesday, March 12, ACEN reported a 27 percent rise in net income to ₱9.36 billion from January to December 2024,...
