BIR says personal income tax cuts to help boost consumer spending
THE Bureau of Internal Revenue (BIR) said it expects any revenue losses from the personal income tax cuts this year to be offset by...
Work on Bataan-Cavite bridge set to start this year
THE DEPARTMENT of Public Works and Highways (DPWH) will pursue more than 70,000 projects worth about P890 billion this year, including a bridge project...
New vehicle sales up 27% in February
NEW VEHICLE SALES rose by 27.2% year on year in February, bolstering the industry’s hopes it can exceed pre-pandemic sales levels this year.
A joint...
More Fed hikes may put pressure on peso
FURTHER TIGHTENING by the US Federal Reserve may put pressure on the Philippine peso and cause potential fund outflows in the coming months, analysts said, adding that more rate hikes from the Bangko Sentral ng Pilipinas (BSP) could help cushion the blow.
Marcos: Systems vs cyberattacks on energy infrastructure needed
THE GOVERNMENT needs to develop systems to deter possible cyberattacks on the Philippines’ energy infrastructure, President Ferdinand R. Marcos, Jr. said on Monday.
“We...
Foreign chambers push for air transport reform legislation
MEMBERS of the Joint Foreign Chambers (JFC) urged Congress to approve a much needed air transport reform bill, after technical glitches hit the country’s...
BIR eyes ways to tax online sellers
THE BUREAU of Internal Revenue (BIR) is looking to collect taxes from online sellers on e-commerce platforms more efficiently.
BIR Commissioner Romeo D. Lumagui...
Benchmark rate may reach 6.75% this year — Nomura
ELEVATED CORE INFLATION may likely prompt the Philippine central bank to hike its policy rate to as high as 6.75% this year.
Finance dep’t studying feasibility of carbon tax
THE FINANCE department is still looking into the feasibility of implementing a carbon tax in the country.
Nat’l Government gross borrowings drop in 2022
GROSS BORROWINGS by the National Government declined 16% to P2.16 trillion in 2022, the Bureau of the Treasury (BTr) said.
Data from the BTr...
Japan credit watcher affirms PHL credit rating
The Japan Credit Rating Agency (JCR) has maintained the Philippines’ credit rating at ‘A-‘ with a “stable” outlook due to the country’s strong growth...
FDI inflows drop 23% to $9.2 billion
Net inflows of foreign direct investments (FDI) dropped 23.2% to $9.2 billion in 2022 from $12 billion seen in 2021.
“Notwithstanding the country’s sustained growth...