Economy

THE Department of Transportation (DoTr) said it is evaluating candidate sites for an integrated transport terminal in northern Metro Manila. “We’re still looking for a suitable site which can connect…

INVESTMENT promotion agencies (IPAs) are seeking to attract more types of companies engaged in electronics manufacturing services and semiconductor manufacturing services (EMS-SMS). In a statement on Monday, the Philippine Economic…

THE Government Service Insurance System (GSIS) has launched a loan consolidation program offering relief for indebted government workers. “Through the MPL (Multi-Purpose Loan) max, we are throwing a lifeline to…

THE PHILIPPINES needs to support its private sector by eliminating barriers to allow it to leave the middle-income economy category, the World Bank (WB) said. At the Anti-Red Tape (ARTA)-World…

TIGON POWER CORP.’s P12.36-billion ground-mounted solar power plant is set to receive green lane treatment after it was certified by the One-Stop Action Center for Strategic Investments (OSACSI), the Board…

THE Department of Finance (DoF) rejected claims that it inflated its estimate of reserves held by the Philippine Health Insurance Corp. (PhilHealth) by P28.08 billion to justify the government’s raid…

THE National Food Authority (NFA) reported that it procured 208,691.6 metric tons (MT) of palay, or unmilled rice in the fourth quarter, equivalent to 4.17 million bags weighing 50 kilograms…

THE Bureau of Internal Revenue (BIR) has upheld the tax exemption on the P7,000 uniform or clothing allowance of government employees. “Pursuant to Sections 4 and 244 in relation to…

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits.…

INFRASTRUCTURE spending in November rose 54.6% year on year after flagship projects were expedited, the Department of Budget and Management (DBM) said. In a disbursement report, the DBM said spending on…