Peso edges up before Fed, BSP decisions
THE PESO inched up against the dollar on Wednesday as investors await the policy decisions of the US Federal Reserve and the Bangko Sentral...
Breaking down LoA controversies: Lessons for businesses
By Nestine P Buisan
As 2025 draws to a close, taxpayers are looking forward to a stabler and more predictable tax audit environment following the Bureau of Internal...
NAIA operator sets July date for terminal reassignments
NEW NAIA Infra Corp. (NNIC), the operator of the Ninoy Aquino International Airport (NAIA), said terminal reassignments at the main gateway will be implemented...
Biz chambers call for power to be VAT-exempt
THE exemption of electricity from value-added tax (VAT) will help ease the burden on consumers and improve Philippine competitiveness, business groups said.
“Electricity is a...
Maharlika holds P71B in investable capital
MAHARLIKA Investment Corp. (MIC) said it holds about P71 billion in deployable capital for future investments, including potential stakes in companies preparing to go...
Deficit in agricultural trade narrows 15.1% in Oct. after rice import freeze
THE deficit in the agricultural goods trade narrowed 15.1% in October to $932.97 million, according to preliminary data from the Philippine Statistics Authority (PSA).
The...
PHL shares retreat, weighed by economic concerns
PHILIPPINE SHARES retreated on Wednesday as sentiment turned cautious in anticipation of the policy decisions of the US Federal Reserve and the Bangko Sentral...
World Bank sees gradual Philippine recovery in 2026, 2027
THE WORLD BANK (WB) sees a gradual recovery for the Philippines in 2026 and 2027, after growth slowed this year due to weaker investment...
Peso falls to new low of P59.22 vs $1
THE PESO sank to a new all-time low on Tuesday to join most regional currencies’ decline against the US dollar on cautiousness before the...
PEZA-approved investment pledges plunge in November
INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) slumped by 58.59% to P32.211 billion in November from P77.79 billion in the same month a year ago.
Meralco lowers rates by 36 centavos/kWh in December
RESIDENTIAL CUSTOMERS of Manila Electric Co. (Meralco) may see slightly lower bills this month as the power distributor cuts electricity rates due to lower...
Initial EDSA rehabilitation work planned for Jan.
THE Department of Public Works and Highways (DPWH) said it hopes to begin initial work to rehabilitate Epifanio de los Santos Avenue (EDSA) by...