CPBRD says slashing VAT rate to 10% is ‘advisable’ despite revenue loss concerns
LOWERING the value-added tax (VAT) rate to 10% from 12% is fiscally viable despite projected revenue losses, a congressional think tank said, adding that the reduction is even “advisable” despite opposition from the Finance department.
Trump’s remittance tax pushes Filipino workers toward digital transfers
NERISSA ENRIQUEZ, 55, used to squeeze in a stop at a remittance shop near her Florida hospital after long nursing shifts, wiring small amounts several times a month to relatives in the Philippines.
Peso recovers as tariff woes drag dollar
THE PESO rebounded on Wednesday as global investors sold US assets, including the dollar, due to renewed trade concerns amid President Donald J. Trump’s...
Stocks continue to decline on US tariff concerns
PHILIPPINE STOCKS dropped for a fourth straight session on Wednesday as negative sentiment on Wall Street amid tariff jitters spilled over to the local...
Philippines to restore access to Grok after developer commits to safety fixes
MANILA - The Philippines will restore access to Elon Musk's AI chatbot Grok following commitments from its developer to remove image-manipulation tools that previously...
Philippines sells $2.75 billion dollar bonds amid volatility
The Philippines sold $2.75 billion of dollar bonds Tuesday, braving rocky markets after fresh tensions between the US and Europe along with a selloff...
SEC studies lifting moratorium on new online lending platforms
The Securities and Exchange Commission (SEC) said it is studying a possible lifting of the moratorium on the registration of new online lending platforms.
"The...
Philippines’ BoP position swings to deficit in 2025
THE PHILIPPINES’ balance of payments (BoP) deficit in 2025 settled below the central bank’s full-year forecast despite posting a wider deficit in December.
Philippines looks to raise $1.5B via triple-tranche dollar bonds
THE GOVERNMENT is seeking to raise at least $1.5 billion from its triple-tranche offering of dollar-denominated notes, marking the Marcos administration’s fourth offshore bond issuance and its first in a year.
Philippine agriculture output likely increased in 2025
THE PHILIPPINES’ agricultural production is estimated to have grown modestly in 2025 as gains in poultry and crop output likely offset the decline in livestock and fisheries, analysts said.
Maybank sees Philippine economy growing below target until 2027
PHILIPPINE ECONOMIC growth may continue to undershoot the government’s targets until next year as the lingering effects of the flood control corruption scandal will...
Peso extends slide on trade war fears
THE PESO slipped against the dollar on Tuesday to move closer to its all-time low due to fresh tariff threats from the United States.
The...