THE Board of Investments (BoI) said it is targeting Japanese developers for industrial and tourism-related land development activities in the Philippines. “We told them, and as validated by (consultancy) Colliers,…
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Editor’s Pick
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THE Department of Budget and Management (DBM) said it set a ceiling of P3.864 trillion for ongoing spending in 2026, as the deadline looms for agencies to prepare funding proposals…
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EconomyEditor's Pick
Bataan shipmaker Herma sees new tanker servicing growing petroleum logistics demand
HERMA SHIPYARD, INC. (HSI) said it launched a petroleum tanker with capacity of 18 mega barrels (MB) from its Bataan facility, saying it is well-positioned to service growing demand for…
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THE Bases Conversion and Development Authority (BCDA) has signed a new memorandum of agreement (MoA) featuring higher annual lease payment for the Ninoy Aquino International Airport (NAIA) Terminal 3 (T3)…
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THE PHILIPPINES was among the “lead reformers” in the Asia-Pacific region on trade facilitation, the Organisation for Economic Cooperation and Development (OECD) said in a report. Trade facilitation refers to…
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THE Bureau of Internal Revenue (BIR) won a P5.7-billion tax evasion case against a Chinese-run illicit cigarette business. In a statement on Tuesday, BIR Commissioner Romeo D. Lumagui, Jr. said…
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ASIAN ECONOMIES must strengthen their cooperation and partnerships in the face of geopolitical tensions and global fragmentation, the Asian Development Bank (ADB) said. “Rising geoeconomic fragmentation due to continuing global…
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THE Export Development Council (EDC) said it is hoping to release downgraded targets for the Philippine Export Development Plan (PEDP) next month. “We convened the EDC executive committee weeks ago,…
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EconomyEditor's Pick
Former Camp John Hay concession holder backs rights of condominium owners, golf shareholders
CJH DEVELOPMENT Corp. (CJHDevCo) urged the Bases Conversion and Development Authority (BCDA) to respect the rights of condominium unit owners and golf shareholders. “There are about 400 (condo owners), and…
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FINANCE Secretary Ralph G. Recto said the law offering value-added tax (VAT) refunds for tourists will have a multiplier effect on the economy equivalent to nearly double actual visitor spending.…