MONTHLY SPENDING in small mom-and-pop stores, known as sari-sari stores, fell to P689 in 2024, from the 2023 average of P781, according to tech startup Packworks, which offers apps to…
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By Kenneth Christiane L. Basilio, Reporter LEGISLATORS need to pass a budget reform bill that will compel the government to spend responsibly in the face of a deteriorating national debt…
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THE Department of Trade and Industry (DTI) said it is concerned about the potential for increased trade costs brought about by disruptions to long-established multilateral trading systems. The Philippines backs…
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On May 8, the BIR issued Revenue Memorandum Circular (RMC) No. 47-2025 clarifying some issues regarding the value-added tax (VAT) on digital services imposed by Republic Act No. 12023. Earlier,…
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THE GOVERNMENT needs to be ready to protect and support Philippine industries should the Trump tariffs trigger a wave of dumping by foreign exporters locked out of the US market,…
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THE Department of Agriculture (DA) said it instructed the National Food Authority (NFA) to identify parts of the country where traders are purchasing palay (unmilled rice) from farmers at unusually…
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PORK PRICES rose at retail in early May, according to the Philippine Statistics Authority (PSA), as sellers proved unable to sell the commodity within government price guidelines. The average retail…
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SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) rose 54.69% in March, according to the Bureau of the Treasury (BTr). The BTr reported that budgetary support to GOCCs increased to…
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THE external debt service bill fell 34.9% in the first two months following a sharp decline in principal payments, the central bank said, citing preliminary data. Debt service on external…
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THE Department of Trade and Industry’s Center for International Trade Expositions and Missions (CITEM) said it is seeking additional funding next year to expand its export promotion activities. “We are…