House rejects ABS-CBN plea to extend franchise
Philippine lawmakers on Friday rejected the franchise application of ABS-CBN Corp. — a broadcast network critical of President Rodrigo R. Duterte — in what...
Zero tariffs on US goods to result in up to P6B in foregone revenues
THE PHILIPPINE GOVERNMENT is anticipating up to P6 billion in foregone revenues following its decision to grant zero tariffs on selected US products imported into the country.
DTI tightens rules on cement product labels
IMPORTED CEMENT products will no longer be allowed to carry “Product of the Philippines” labels after the Department of Trade and Industry (DTI) revises its guidelines.
‘Tatay Digong’ thrives on pathos to keep rock-star status
JUN ABORDO’s eyes beam as he talks about how his “Tatay Digong” managed to end the Philippines’ century-old subservience to the United States, its former colonial master.
Duterte government sets framework for long-term cooperation with China on infrastructure development
THE GOVERNMENT of President Rodrigo R. Duterte hopes to set the stage for long-term bilateral cooperation on infrastructure development with China, with a 10-year framework on this matter among the 29 deals signed during President Xi Jinping’s Nov. 20-21 state visit to the Philippines.
Insurance, policies vital to bolstering cybersecurity in the Philippines — experts
INSURANCE, workforce education, enactment of more cybersecurity laws, and addressing obstacles to implementing the government’s existing policies are crucial for strengthening the Philippines’ defenses against cyberattacks, experts said.
Philippine central bank on track for two more rate cuts in 2025
MANILA — The Philippine central bank is committed to maintaining its easing bias and is on course to cut policy rates twice this year,...
Corruption to weigh on Philippine growth until 2027
PHILIPPINE ECONOMIC GROWTH may continue to undershoot the government’s targets until 2027 amid the ongoing flood control corruption scandal, Capital Economics said.
In a report...
PEZA greenlights nearly P49 billion worth of investments in September
The Philippine Economic Zone Authority (PEZA) has already achieved over 60% of its target approvals this year after greenlighting P48.87 billion worth of investment...
Economists’ inflation views ease
BANK ECONOMISTS tempered their inflation forecasts for the year in the face of lower oil and utility prices, according to results of a recent...
PHL has policy space to address challenges — Diokno
THE Philippines has enough monetary and fiscal policy space to deal with the economic challenges it faces, central bank Governor Benjamin E. Diokno said in his first speech of the year.
Gov’t told to expand digital tax foothold
THE government should look at digital payment systems that can cover cross-border transactions to widen its digital tax base, according to the National Tax Research Center (NTRC).