The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.
Finance Secretary Frederick Go said the government’s 2027 budget will prioritize fiscal discipline and higher-impact spending as the administration works to sustain economic growth while reducing the deficit and managing debt levels.
The Management Association of the Philippines has flagged tax administration issues with the Bureau of Internal Revenue, prompting the agency to explore further reforms aimed at making compliance simpler, more predictable, and more responsive to businesses.
Aboitiz Economic Estates is preparing to invest about P7 billion in LIMA Estate in Batangas as sustained demand for office space drives the expansion of its commercial business district.
The Department of Agriculture (DA) has welcomed the creation of United Ube PH Association Inc., a unified national group aiming to strengthen and expand the Philippine ube industry. Formed following a July meeting convened by Agriculture Secretary Francis Tiu Laurel Jr., the organization secured official registration with the Securities and Exchange Commission this month as a non-stock, non-profit entity. It unites farmers, cooperatives, processors, traders, exporters, researchers, and government representatives across Luzon, Visayas, and Mindanao.
Security Bank Chief Financial Officer JD Yap has been named one of four co-chairs of the newly launched East Asia and Pacific Regional Chapter of the SME Finance Forum, giving the Philippines a seat at the table in regional efforts to expand financing for micro, small, and medium enterprises.
ACEN Corp. is bringing in a new partner for an Indian wind project as the Ayala-led renewable energy company continues expanding its footprint in one of Asia’s fastest-growing clean energy markets.
Jose Rene Gregory D. Almendras has withdrawn his nomination as an independent director of First Philippine Holdings Corp., citing personal circumstances that would prevent him from giving the role the attention and commitment it deserves.
SM Prime Holdings Inc. expects the SM Seaside Cebu Arena to replicate the growth impact of the Mall of Asia Arena, using the new venue to drive foot traffic, spending, and activity across its Cebu property portfolio.