DOF says property tax reform gives LGUs flexibility on rates
The Department of Finance (DOF) sought to dispel concerns over the newly enacted Real Property Valuation and Assessment Reform Act (RPVARA), saying the measure does not automatically raise property taxes and instead gives local governments wide latitude to cushion any impact on taxpayers.
Pujalte named DOH chief as Herbosa resigns
President Ferdinand R. Marcos Jr. has appointed Philippine Orthopedic Center chief Dr. Jose Brittanio Pujalte Jr. as health secretary following the resignation of Dr. Teodoro "Ted" Herbosa, who stepped down for health reasons, Malacañang announced Monday. Palace Press Officer Claire Castro said Herbosa recently underwent a medical procedure and is expected to spend three to four months in rehabilitation. Herbosa had served as Department of Health chief since June 2023. Pujalte, an orthopedic surgeon and veteran public health administrator, has led the Philippine Orthopedic Center since 2014 and has more than three decades of government service. (Marjohara Tucay)
Ayala Foundation wins top disaster resilience honor, finalist spots at 2026 LCF CSR Guild Awards
Three Ayala Foundation programs earned recognition at the 2026 CSR Guild Awards from the League of Corporate Foundations, with one initiative taking home the Outstanding CSR Project in Disaster Resilience award and two others named category finalists amid a record number of nominations this year.
Treasury bill yields mixed as core inflation clouds outlook
Treasury bill yields ended mixed at Monday's auction as easing headline inflation pulled down rates on shorter-dated securities, while persistent inflation risks and geopolitical uncertainty kept upward pressure on one-year debt.
BSP advances fin-ed drive in Bohol with BDO Foundation
The Bangko Sentral ng Pilipinas (BSP), the Tagbilaran City government, and the BDO Foundation have formalized an expanded partnership to strengthen financial capability and resilience among Bohol residents, through a memorandum of agreement signed on July 7, 2026 at Tagbilaran City Hall.
