United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
The Department of Justice (DOJ) has filed criminal charges against popular footwear brand World Balance and its corporate officers for an alleged ₱178.8 million in basic tax deficiencies, a result of the company 's use of fictitious receipts from ghost companies. In a statement on Monday,...
With the next State of the Nation Address (SONA) fast approaching, the country’s leading group of employers is urging President Ferdinand Marcos Jr. to use the platform to declare his opposition to legislated wage hikes, maintaining that wage-setting should be left to regional wage boards. The...
Finance Secretary Ralph G. Recto said the Philippines could consider accommodating zero tariffs on certain American goods entering the local market as President Ferdinand Marcos Jr.’s economic managers prefer more free trade agreements (FTAs)—including with the United States (US) after the...
Despite hitting its first-half collection target of ₱1.5 trillion and even modestly exceeding it, the Bureau of Internal Revenue (BIR) hinted at the possibility of downscaling its full-year ₱3.2 trillion target, as the country’s main tax collection agency may fall short of it. “I think...
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. has been awarded an Executive Certificate in Public Leadership from the Harvard Kennedy School (HKS on his dedication to continuous professional development and exemplary public service. Lumagui earned this certificate by...
Department of National Defense (DND) Secretary Gilberto Teodoro Jr. denied allegations that he violated the Philippine Constitution for supposedly holding dual citizenship while serving in the government, alluding that the “smear campaign” could be connected to his strong disapproval of...
Public trust in the top four Philippine officials improved in June 2025, based on the latest results of a Stratbase-commissioned survey that was officially released by Social Weather Stations (SWS) on Tuesday, July 15. President Marcos’ net trust rating improved to +18, with 48 percent of...
The Department of Energy (DOE) announced that former DOE Undersecretary Sharon Garin has been officially inducted as the new Energy chief, following the oath-taking ceremony with President Ferdinand Marcos Jr. In a statement on Monday, July 14, Garin said that she would build on the work of former...
Ramon S. Ang-led San Miguel Corp. (SMC) is set to build a new passenger terminal at Godofredo P. Ramos Airport in Caticlan, the main gateway to Boracay Island, which is expected to increase the airport’s capacity to seven million passengers starting 2027. President Ferdinand “Bongbong” Marcos...
