A framework on crypto-assets will be implemented by the end of Marcos administration to combat cross-border tax evasion and illicit financial flows, according to the Department of Finance (DOF). “We need faster and stronger systems for collaboration if we are to beat tax evasion and illicit...
State-run Bases Conversion and Development Authority (BCDA) has remitted ₱2.04 billion in cash dividends to the Bureau of the Treasury (BTr), equivalent to 80 percent of its net income last year, the Department of Finance (DOF) reported. Apart from this being “the highest amount” the BCDA has...
The Department of Transportation (DOTr) is looking for an additional ₱3 billion in its budget next year to build an additional station in Bacoor, Cavite as part of the Cavite Extension project of the Light Rail Transit Line 1 (LRT-1). Transportation Secretary Vince Dizon said his agency has...
The Department of Trade and Industry (DTI) is set to roll out a ₱1-billion loan program for prospective women entrepreneurs, as part of the agency’s broader effort to diversify income opportunities for micro, small, and medium enterprises (MSMEs). During the media launch of the Section G: Job...
The opening of School Year (SY) 2025–2026 on Monday, June 16, unfolded mostly without major hitches across the country, according to Department of Education (DepEd) Secretary Sonny Angara, who credited improved coordination and prompt responses to local issues. However, teachers’ groups—while...
Prior to moving to the Department of Environment and Natural Resources (DENR), former Energy Secretary Raphael P.M. Lotilla said that the country’s energy situation has somehow improved under his wing, even as other problems have yet to find their solutions. During his final press briefing as...
The Philippines is expected to import less wheat in the upcoming market year as demand for animal feed weakens, reversing an initial forecast of increased uptake, according to the United States Department of Agriculture (USDA). In its “Grain: World Markets and Trade report, the USDA’s Foreign...
The Department of Energy (DOE) said that it is withholding the issuance of a Certificate of Conformity (COC) to the Manila Electric Company (Meralco) until it receives aligned findings from both the Philippine Competition Commission (PCC) and the Energy Regulatory Commission (ERC). Energy Assistant...
BACOLOD CITY – The Department of Education (DepEd) in Negros Occidental has projected 325,500 students in 576 public schools in the province this school year, an increase of 1,500 enrollees, surpassing last year’s record of 324,000. Ian Arnold Arnaez, spokesperson for the Negros Occidental...
The Economic Journalists Association of the Philippines (EJAP), the country’s premier organization of business journalists, announced it will hold its annual Infrastructure Forum on Monday, June 16, at the Fairmont Hotel in Makati City. The forum, themed “Government Infrastructure Program:...
Department of Finance (DOF) Secretary Ralph G. Recto has ordered the swift implementation of the value-added tax (VAT) exemption on the expanded list of medicines for cancer, diabetes, and hypertension. Recto, President Marcos’ chief economic manager, has addressed this mandate to the Bureau of...
The Department of Energy (DOE) said that the resumption of the biodiesel blend increase will be under evaluation by the National Biofuels Board (NBB), following the suspension of the blend over tight supply and higher costs of coconut oil. In a briefing on Friday, June 13, Energy Undersecretary...
