Bureau of the Treasury nudged short-term borrowing costs lower on Monday, rejecting select bids for longer tenors while favoring shorter-dated securities in a calibrated effort to temper yields.
The Bank of the Philippine Islands (BPI) is expanding its partnerships in the automotive, housing, and motorcycle sectors to provide more affordable and accessible financing options for Filipino families.
The government would need about P42 billion over the next three months to expand social protection coverage for vulnerable households, Planning Secretary Arsenio Balisacan said Monday, as policymakers weigh broader support measures amid ongoing economic pressures.
The Bureau of Internal Revenue (BIR) has released an updated list of value-added tax (VAT)-exempt medicines, expanding coverage to 2,263 drugs under Republic Act No. 10963 or the TRAIN Law and Republic Act No. 11534 or the CREATE Act, in a move aimed at easing healthcare costs for Filipino patients.
BSB Junrose Corp. is expanding the availability of Brembo motorcycle brake components in the Philippines, tapping rising demand for premium safety and performance upgrades in the fast-growing motorcycle segment.
President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.
Economic Planning Secretary Arsenio Balisacan said the Philippine economy is unlikely to slip into contraction this year despite mounting pressures from a fuel crisis, although growth is expected to fall short of earlier government targets.
The Department of Public Works and Highways (DPWH) is planning to extend the South Luzon Expressway Toll Road 4 (TR4) up to Matnog, Sorsogon by next year.