Palay farmgate price falls 28.9% in May
THE farmgate price of palay (unmilled rice) fell 28.9% year on year in May to an average of P17.75 per kilogram, the Philippine Statistics...
GOCC subsidies decline 48% in April
SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) declined 47.53% to P14.54 billion in April, the Bureau of the Treasury (BTr) reported.
The BTr reported that...
Reduction in stock tax starts July
THE Philippine Stock Exchange, Inc. (PSE) is set to implement the lower stock transaction tax (STT) starting July 1 following the recent signing of...
Double taxation talks with Hong Kong likely completed by October
NEGOTIATIONS between the Philippines and Hong Kong on a double taxation agreement (DTA) are expected to close in October, the Bureau of Internal Revenue (BIR) said.
PHL jumps to 20th place in Global Gender Gap Index
THE PHILIPPINES jumped five spots in the 2025 Global Gender Gap Index of the World Economic Forum (WEF) to 20th out of 148 countries...
Asia’s easing prices pave path for rate cuts and US divergence
INFLATION is easing across Asia as lower food and fuel prices and stronger local currencies against the dollar push down costs. That’s giving the...
Shares may extend climb on latest US-China deal
PHILIPPINE SHARES may rally when the market reopens on Friday as sentiment could get a boost after the United States and China finalized a...
ECCP seeks full implementation of anti-scam law
THE European Chamber of Commerce of the Philippines (ECCP) said the Philippines should fully implement the Anti-Financial Account Scamming Act (AFASA) to build on...
Labor condemns failure of minimum wage bill despite willingness to compromise on P100 hike
LABOR GROUPS said on Thursday they were willing to compromise on a P100 legislated wage hike just before Congress adjourned.
EV incentive plan to be submitted to FIRB
THE Department of Trade and Industry (DTI) said it will be transmitting the newly approved incentive program for electric vehicles (EVs) to the Fiscal...
Floating solar capacity raised in 4th GEA round
THE Department of Energy (DoE) said it increased the capacity on offer for floating solar in the fourth round of the green energy auction...
Japan visit to feature talks for chip, shipping investments
THE Department of Trade and Industry (DTI) said it will pitch semiconductor and shipping companies to invest in the Philippines during a presidential visit...