The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
The Department of Environment and Natural Resources (DENR) has assured the public that no tree removal activity is being authorized without a strict legal basis, environmental safeguards, and long-term rehabilitation measures, amid concerns surrounding the Berong Nickel Project in Palawan and...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
The Philippines encouraged member economies of the Asia-Pacific Economic Cooperation (APEC) to reject arbitrary non-tariff measures (NTMs) and push for key reforms in the global trading environment to ensure resilient supply chains, the Department of Trade and Industry (DTI) said. Trade Secretary...
The United States (US) government’s Millennium Challenge Corp. (MCC) has earmarked a $60-million grant for the Philippines focused on the energy sector. Documents discussed during the US aid agency’s economic advisory council meeting last month, which were made public last week, showed that the...
The Philippines will hold the next round of negotiations for a free trade agreement (FTA) with the European Union (EU) next month, taking one step closer towards the conclusion of a historic deal that would grant wider market access to the country’s exports. Trade Undersecretary Allan Gepty told...
China-based steel manufacturing giant Panhua Group Co. Ltd. will begin operations at its $1-billion facility in Sarangani province next month as part of its multi-billion investment commitment to the Philippines, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
Electricity subsidies remain necessary to help vulnerable households and remote communities access power, but the Philippine government needs to improve targeting mechanisms to reduce leakages and ensure long-term sustainability, according to experts at a recent webinar organized by state-run...
Are you afraid of the dark? Well, that depends on whether we are talking about horror movies or the national power supply! Just when Filipino consumers thought they could finally survive the summer’s rotational blackouts, the international energy market strolled in like a sequel villain,...
Local government units (LGUs) showed a slight uptick in loan requests in April 2026 compared to the same month last year, even as the total financing amount saw a sharp decline to ₱2.7 billion due in part to budget surpluses typical of a non-election period. According to the latest data from the...
The Department of Trade and Industry (DTI) remains optimistic that the boom in artificial intelligence (AI), agricultural trends, and an aggressive push for new free-trade agreements (FTAs) will shield the country’s export sector from deepening disruptions in the Middle East. Trade and Industry...
