Economy

THE tobacco industry said it supports a pause in excise tax rate hikes and called for more efficient utilization of local governments’ national tax allotments (NTA). “If they think this…

By Justine Irish D. Tabile, Reporter US STARTUP Hive Modular, a maker of sustainable pre-fabricated homes, said its capacity expansion plans are intended to scale up its Philippine operation to…

THREE more projects worth P15.35 billion have been endorsed by the One-Stop Action Center for Strategic Investments (OSACSI) for green lane treatment this month, bringing the total value of such…

THE Department of Transportation (DoTr) is set to commission a feasibility study for the Surigao Airport development project for P56.53 million. In the DoTr’s procurement plan, P56.53 million has been allocated…

By Justine Irish D. Tabile, Reporter WORLD TRADE ORGANIZATION (WTO) Director General Ngozi Okonjo-Iweala has called on all sides to “chill” and not retaliate should the US follow through on…

By Justine Irish D. Tabile, Reporter THE Philippines will have to do more to promote itself as an investment destination to attract investment from the European Union (EU), as companies…

MONETARY BOARD (MB) approvals for public-sector foreign borrowing declined in 2024 amid a dearth of program and project loans, the Bangko Sentral ng Pilipinas (BSP) said. The central bank said…

THE Department of Trade and Industry (DTI) said it is exploring a partnership with the World Economic Forum (WEF) to advance job creation and workforce resilience in the Philippines. In…

PHILIPPINE MERCHANDISE export growth is expected to accelerate to 7.9% in 2025 even in the face of looming trade barriers. According to the United Nations Economic and Social Commission for…

IN BRIEF: • From streamlining communications with taxpayers to leveraging AI for high-impact decision-making, AI can revolutionize the Philippines tax landscape. • Automation in tax processes, aided by bots, has…