Economy
International credit ratings agency Moody's is forecasting that the Philippine economy will bounce back to 5.5% growth in 2026 and 5.6% in 2027 — a welcome recovery after last year's disappointing 4.4% performance, which was the weakest in five years outside the pandemic. But
Economy
Electric vehicles are coming to the Visayas — for real this time. Delta Electronics Philippines, a global leader in power management and smart energy solutions, has partnered with the Danao City government to build EV charging infrastructure across Cebu province. The project was formally launched on February 3 at The Boardwalk
Economy
The Bureau of Internal Revenue kicked off 2026 with ₱358 billion in tax collections for January — a slight 0.82% bump from the ₱355.1 billion collected in the same month last year. It sounds like a lot of money, and it is, but it only accounts for about 10%
Economy
The Philippines currently taxes nicotine salt e-liquids at ₱60.20 per milliliter — but freebase nicotine? Just ₱6.95. That massive gap has turned into a goldmine for illicit traders and tax evaders, and now 38 House members want to close it for good with House Bill 5207. The bill aims
Economy
OFWs, balikbayans, and travelers — your last-minute pasalubong game just leveled up. Duty Free Philippines Corporation (DFPC) has opened a brand-new store at NAIA Terminal 3, located between Bays 6 and 7 of the arrival area, giving passengers instant access to luxury goods the moment they land. The store, which opened
Economy
The Maharlika Investment Corporation just put a relatively young gun in charge of where the Philippines' sovereign wealth fund money goes. Kheed Nielsen Ng has been named Chief Investment and Operating Officer of MIC, making him the principal technical authority on how the country's first-ever sovereign wealth
Economy
Former Albay representative and noted economist Joey Salceda is throwing his weight behind the Marcos administration’s push to abolish the travel tax — and the math, he says, makes total sense. Yes, the government would lose about ₱11 billion in revenue if the tax is scrapped. But Salceda argues the
Economy
Brace your wallets, mga motorista — fuel prices are going up for the SIXTH consecutive week. Shell, Cleanfuel, Seaoil, and Petrogazz have all announced price hikes effective Tuesday, February 24. Gasoline will increase by ₱0.60 per liter, while diesel and kerosene will both jump by ₱1.20 per liter. The
Economy
More Filipinos are paying digitally, but the shift isn’t happening as fast as the government hoped. BSP Governor Eli Remolona Jr. admitted over the weekend that the country’s digital payments push will likely take ‘a couple more years than we thought’ to hit its targets. Under the Philippine
Economy
Just one day after announcing a 10 percent across-the-board tariff on all US imports, President Donald Trump doubled down on Saturday by raising it to the maximum 15 percent allowed under Section 122 — a law no president has ever used before. The move came after the US Supreme Court struck
Economy
The National Food Authority just pulled off a massive rice stock clearance sale — selling nearly 90 percent of its aged rice inventory in a single auction on Friday and raising ₱963.5 million, exceeding the ₱912.4 million target. NFA Administrator Larry Lacson said they sold 32.5 million kilos
Economy
The Social Security System just dropped some seriously good news for Filipino workers and retirees — a record-breaking net income of ₱143 billion, with the pension fund’s reserve hitting the ₱1-trillion mark for the very first time in SSS history. SSS President and CEO Robert Joseph Montes announced that the