State-run Social Housing Finance Corp. (SHFC) has granted a one-month moratorium on amortization payments for member-beneficiaries in communities affected by the magnitude 7.8 earthquake that recently struck Mindanao. In a statement on Wednesday, June 10, SHFC said the payment reprieve covers the...
The Philippines’ automotive market has received another vote of confidence from Japan, with the Japan Bank for International Cooperation (JBIC) backing a $573-million financing package to support the vehicle sales business of Mitsubishi Motors Finance Philippines Inc. (MMFP). In a statement...
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
I am always flattered when I meet people well-established in their respective professions (those in their 40s to 60s) who tell me that they learned their basic economics from the textbooks I wrote in the 1970s and 1980s for both high school and college students, especially in private schools. The...
President Marcos’ chief economic manager said that streamlined taxes imposed by local government units (LGUs) on businesses enjoying tax perks encourage easier compliance and attract more investments to the Philippines. This comes on the heels of issuing the first joint memorandum circular (JMC)...
Large-scale metallic mining companies in the country have been granted up to two months after the close of each quarter to settle their royalty payments under the new fiscal framework, according to the Bureau of Internal Revenue (BIR). The Marcos administration is implementing the extension to...
International Finance Corp. (IFC) is collaborating with Thailand-based renewable energy (RE) developer Sermsang Power Corp. Public Co. Ltd. as the latter pursues its planned entry into the Philippines through a proposed RE generation project on Negros Island. In a disclosure over the weekend, the...
State-run Land Bank of the Philippines will eliminate transaction fees for online government payments through the end of the year, a move aimed at easing consumer costs amid persistent global economic pressures and accelerating shift toward digital finance. In a statement on Monday, June 1,...
The updated Philippine–Japan tax treaty is expected to establish clearer and more predictable rules on the taxation of cross-border income, a development seen to benefit more than 245,000 overseas Filipinos (OFs) working and residing in Japan. “By providing clear and predictable rules on the...
Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than ₱600 million into the national coffers in April, marking the highest single-month collection in the 11 months since May 2025. According to the latest data from the Bureau of the Treasury (BTr), the...
Asialink Finance Corp. (AFC) has secured a ₱500 million sustainability-linked social facility from Taiwan-based Cathay United Bank (CUB), expanding financing to micro, small, and medium enterprises (MSMEs) in rural areas, unbanked individuals, and women-owned enterprises across the country. This...
