Mall vacancy is projected to return to pre-pandemic levels this year as foreign retail brands strive to capture the interest of a populace that still prefers shopping inside physical malls, according to a report by property advisory firm Colliers.In its first quarter Metro Manila retail report,...
Despite surging to ₱478.8 billion in the first quarter of 2025, the national government expects the full-year budget gap to stay within the ₱1.5 trillion target, citing expected non-tax revenues and a more balanced expenditure rollout in the coming months.Data from the Bureau of the Treasury...
The Marcos administration posted a ₱171.4-billion budget deficit in February 2025, as the government had spent more than it earned, according to the Bureau of the Treasury (BTr).February’s deficit reversed the over ₱68-billion seasonal surplus seen in the previous month. It was also higher...
Timor-Leste’s application to become a member of the Association of Southeast Asian Nations (ASEAN) is in jeopardy, Justice Secretary Jesus Crispin C. Remulla said on Tuesday, March 25.Remulla's statement was issued after Timor-Leste's Court of Appeals denied the Philippine government's plea to...
People walk next to the Havis Amanda statue on the Market Square in the center of Helsinki, Finland, Saturday, March 15, 2025. (AP Photo/Sergei Grits) Finland was named the happiest country in the world for the eighth year in a row, according to the World Happiness Report 2025 published...
The national government posted a ₱68.4 billion surplus in January 2025 as revenues outpaced spending, according to the Bureau of the Treasury (BTr).However, the January 2025 surplus was smaller than the ₱88 billion recorded in the same month in 2024. Last year, only January, April, and...
The Office of the Ombudsman (OMB) has suspended further action on the criminal complaints filed against House Speaker Martin Romualdez and three other congressmen for their alleged involvement in the reportedly illegal entries made in the 2025 national budget.In a resolution dated March 7,...
The government’s total revenue collections for 2024 reached ₱4.419 trillion, surpassing the ₱4.270 trillion target and marking the highest revenue effort in 27 years at nearly 17 percent of the gross domestic product (GDP). The budget deficit narrowed slightly by ₱5.7...
Office: Metro Manila’s office market thrives in 2024, driven by government and IT-BPO demand — KMC SavillsMetro Manila’s office market experienced a remarkable resurgence in 2024, with overall net absorption reaching an impressive 282,600 square meters, a 290 percent increase from the previous...
The Commission on Audit (COA) has flagged the Armed Forces of the Philippines (AFP) over the more than P615 million "overpayments" of pension benefits to 7,210 deceased pensioners from 2014 to 2023.In its audit report, the COA thumbed down what it called as "long-outstanding and uncollected...
The Commission on Audit (COA) has recommended the filing of charges by the National Irrigation Administration (NIA) against contractors for delays in the implementation of irrigation contracts and projects worth P2.04 billion.The recommendation was made as COA disclosed that the delays have...
The Commission on Audit (COA) has flagged the Department of Public Works and Highways (DPWH) over its 13 dormant bank accounts with over P6 million in deposits as it warned that failure to properly handle the accounts might lead to misappropriation or misuse of funds.In its audit report, the COA...
