Controlling inflation is the top issue Filipino adults want President Ferdinand Marcos Jr. to discuss in his 2025 State of the Nation Address (SONA), based on a nationwide Pulse Asia survey released on Friday, July 11. Nearly one-third of respondents (32.9 percent) identified inflation as the main...
Japanese financial giant MUFG Bank Ltd. sees a mild impact arising from the potentially higher United States (US) tariff set to be imposed on Philippine goods imported into America. “This announcement is to some extent a downside surprise for our FX [foreign exchange] and macro forecasts, given...
The national government reaffirmed its commitment to uphold the 2016 Permanent Court of Arbitration (PCA) ruling in the face of continued aggression in the West Philippine Sea (WPS), nine years since the country secured the historic victory against China. The Department of National Defense (DND)...
BAGUIO CITY – Mountain Province Gov. Bonifacio Lacwasan Jr. has ordered the immediate enforcement of a new ordinance banning the manufacture, sale, and distribution of machine-made replicas of indigenous woven fabrics and garments within the province. “We have to protect our woven fabric, which...
The Philippines and New Zealand are seeking to establish joint military training under the framework of their defense cooperation agreement which could ultimately lead to the expansion of the “Squad”. The Department of National Defense (DND) revealed that Defense Secretary Gilberto Teodoro Jr....
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
ILOILO CITY – The British government, through the Foreign Commonwealth and Development Office of the British Embassy in Manila, has partnered with the Iloilo provincial government to boost the resiliency of the rice industry and ease the negative impact of climate change. Lloyd Cameron, economic...
The Bureau of Internal Revenue (BIR) has elevated two tax evasion cases, totaling ₱796.95 million, to the Court of Tax Appeals (CTA) after the Department of Justice (DOJ) ruled in government’s favor. In a statement on Monday, July 7, BIR Commissioner Romeo D. Lumagui, Jr. noted that criminal...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
The Securities and Exchange Commission (SEC) vows to comply with President Ferdinand Marcos Jr. 's directive to streamline its processes, aligning with the Marcos administration’s vision of an inclusive and efficient capital market that can help pave the way for a financially secure future...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. said he remains undaunted by China’s sanctions targeting former senator Francis Tolentino due to his firm stance in the West Philippine Sea (WPS). Teodoro, another vocal critic of China, said Beijing’s decision to bar...
The Armed Forces of the Philippines (AFP) showcased a historical marker for the “Bongbong Rocket”, a decommissioned rocket launcher named after President Marcos Jr., which was developed in the 1970s but eventually abandoned after the fall of Marcos Sr. AFP Chief, General Romeo Brawner Jr. led...
