Economy

THE Bases Conversion and Development Authority (BCDA) said it tapped Korea Water Resources Corp. (K-Water) to design the water management systems within BCDA properties. “As a pioneer in innovative water…

THE PHILIPPINES, a domestic demand-driven economy, has the potential to avoid the worst of the new US tariff regime relative to its neighbors, Moody’s Ratings said. “No economy in Asia…

THE World Bank has approved a $67.34-million loan to fund the digitalization of the Philippine civil service, citing the need to increase transparency and better forecasting of salary expenses. The…

THE Bureau of Internal Revenue (BIR) remains confident that it will meet its collection goal for major tax categories in 2025. However, the new law lowering corporate income tax rates…

E-COMMERCE platform Lazada Philippines said it is expecting to sustain double-digit sales growth this year as it pursues a strategy of tailored deals for a growing customer base. “We continue…

THE Philippine Ports Authority (PPA) will recommend the cancellation of the Jose Panganiban, Camarines Norte port improvement project auction, citing a possible change of location and project design. In a…

First of two parts IN BRIEF: • Technology dependence in the financial sector is increasing the number of potential failure points due to connections with unregulated third parties. • Financial…

APPROVED building permits continued to decline by record double digits in January, the Philippine Statistics Authority (PSA) reported. The PSA, citing preliminary data, said building projects covered by the permits…

FINANCE Secretary Ralph G. Recto said the budget surplus recorded in January is unlikely to continue in the following months. Asked if the surplus will be sustained in the runup…

THE Board of Investments (BoI) said the green lane-certified P7.5-billion Daanbantayan Solar Power Plant in northern Cebu has commenced with construction. With its 150-megawatt capacity that is expected to supply…