Executive Secretary Ralph Recto has urged government agencies to accelerate spending in the remaining months of 2026, particularly on programs to prepare for El Niño, his office said Saturday.
The Natural Resources Development Corporation (NRDC), the corporate arm of the Department of Environment and Natural Resources (DENR), is launching an initiative to rehabilitate degraded forestlands and turn them into…
After its first rate review in 15 years, Meralco has won regulatory approval to raise its distribution charges even after already posting a record P51.13 billion in profits in 2025
The Energy Regulatory Commission (ERC) on Saturday announced that it had approved Manila Electric Company"s (Meralco) regulatory rate reset for the first time in more than a decade.
The Department of Labor and Employment (DOLE) announced on Saturday that a daily minimum wage increase of up to P45 has been approved for workers in the CALABARZON region.
NEW YORK — The US stock market finished its record-setting week with gains on Friday, even as other financial markets remained indecisive. The S&P 500 climbed 0.6% for its first gain since setting its all-time high…
The Department of Budget and Management on Saturday shed light on the concept of national budgeting, saying that the National Expenditure Program is not akin to available cash in a vault.
Developer Golden TW Realty and Development Corp. announced Saturday a strategic partnership with restaurant group RVD, securing established Asian dining brands Chung Dam and Umi Matsu for Kaban Hotel and Casino, the…
Prolonged financial paralysis is never a harmless administrative technicality
The Bureau of Internal Revenue (BIR) has issued a new regulation requiring the amount of creditable withholding tax, when applicable, to be shown as a separate item on invoices.
WITH the Philippines becoming an upper middle-income country this year, the Department of Social Welfare and Development (DSWD) is stepping up efforts to improve the lives of Filipinos, especially those living in…
BUDGET authorities are set to release changes to government spending policy as it seeks to restore public trust following last year’s massive flood control project scandal. “Policy revisions will be out very soon…
“Way of the Weave,” the central theme of the ASEAN Trade Expo 2026, will bring the cultures, craftsmanship and enterprises of ASEAN countries and Southeast Asia partners at the Okada Manila from Nov. 10 to 12, as one of…
THE Bureau of Internal Revenue (BIR) has warned taxpayers against a fraudulent website impersonating its online registration portal, stressing that accessing the site could expose personal and tax information to…
MONETARY authorities are factoring in the possibility of a severe El Niño in policy decisions given its impact on inflation. “These days, the scenario that we care about the most is El Niño,” Bangko Sentral ng Pilipinas…
Sometimes, the most revealing thing about a bank account is not the money sitting in it. It is the money that passed through it.
THE government is seeking to lower borrowing costs by aligning the pricing of its peso-denominated bonds with global practices beginning next year. Regulators will be adopting international pricing standards, which will…
THE government raised P167.25 billion in fresh funding from the issuance of 2.5-year retail treasury bonds (RTBs) due 2029, higher than the P150-billion initial target. The Bureau of the Treasury said P84.86 billion was…
I once heard someone describe a certain kind of executive this way: “He has very strong opinions.
PRESIDENT Ferdinand Marcos Jr. is keen on promoting the Philippines as an investment destination and his trips abroad form part of his efforts. Speaking at the 24th Forbes Global CEO Conference on Thursday in Singapore…
IMAGINE a plane crash with 36 persons killed. What if this happened every single day for years? It would be a national emergency. It would be on the front page of every newspaper and the top news story every morning…
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) now owns nearly half of Manila Electric Co. (Meralco) after completing a P12.4-billion deal with Ramon Ang’s San Miguel Group.
THE Philippine Economic Zone Authority (PEZA) expects investment approvals to hit a record high this year, surpassing the P311 billion in 2012, Director General Tereso Panga said. The agency approved P297.14 billion in…
LOCAL hog industry groups are urging the government to immediately restore higher tariffs on imported pork, saying falling farmgate prices and rising production costs are leaving farmers with mounting losses. At a media…
More than 2,000 micro taxpayers have sought from the Bureau of Internal Revenue (BIR) under its one-time tax abatement program, with availments accelerating in recent weeks.
BEHIND every growing enterprise is a story of courage, determination, sacrifice and countless decisions made. For many women entrepreneurs, building a business is more than an economic pursuit. It is an opportunity to…
GAPS in infrastructure, utilities and financing are holding back fixed broadband access in the Philippines, Asian Development Bank (ADB) country director Andrew Jeffries said. Only 28 percent of Philippine households…
Hormuz-dependent Philippines is helping advance the Asia Zero Emission Community (AZEC)’s push to strengthen oil stockpiling systems across the region.
THE Energy Regulatory Commission (ERC) met with the Philippine Rural Electric Cooperatives Association Inc. (Philreca) last Thursday to discuss new rules governing the “other charges” component of consumer power bills…
THE Department of Agriculture said on Friday that the Philippines was pushing to make agriculture and fisheries profitable enough, and warned that an aging farm workforce would not be solved simply by handing out land…
The Credit Information Corp. (CIC) made its first dividend remittance to the national government since its establishment in 2008, amounting to P169.64 million after posting record-high revenue last year, the Department…
MEGAWIDE Construction Corp. will redirect P1.23 billion in unutilized proceeds from its 2022 bond issuance to housing projects under the government’s Pambansang Pabahay Para sa Pilipino (4PH) program. In a disclosure…
FILINVEST Development Corp. (FDC) has declared cash dividends on its Series A and Series B preferred shares covering four consecutive quarters beginning the last three months of 2026 to July-September 2027. In a…
The government remains bullish on meeting its renewable energy (RE) targets, banking on more competitive auctions to drive the rollout of clean power projects.
EAST West Banking Corp. (EastWest) has opened a new banking store at the Cebu IT Park, combining round-the-clock self-service facilities with in-person banking and wealth-management services. The new store, located at…
OPENAI has told investors its annualized revenue for September was almost $50 billion, a drop from what it signaled earlier, a person familiar with the matter told Reuters on Thursday. The company previously indicated…
The local stock market bounced back amid bargain-hunting activities following Thursday’s sharp sell-off.
STARBUCKS on Thursday declined to comment on a report that it had explored a takeover of Chipotle Mexican Grill, saying it was “laser focused” on its turnaround under CEO Brian Niccol. The Financial Times reported…
SOFTBANK Group CEO Masayoshi Son is seeking to raise up to $100 billion from Gulf investors to fund a new wave of artificial intelligence (AI) investments, the Financial Times reported on Friday, citing people familiar…
Confidence in the Philippine banking system remains intact, the Bangko Sentral ng Pilipinas (BSP) said, citing banks’ strong fundamentals and safeguards meant to protect the integrity of the financial system.
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