Bank lending expansion slows in July; BSP eyes liquidity, policy alignment
Bank lending by universal and commercial banks (U/KBs) continued to grow in July, albeit at a slightly slower pace, with year-on-year expansion at 11.8 percent, down from 12.1 percent in June, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Gov’t eyes private sector for NSCR operations
The government is opening the operations and maintenance (O&M) of the 147-kilometer North-South Commuter Railway (NSCR) System to international and local partners, marking a key shift in transport infrastructure policy toward greater private sector involvement.
DA rolls out P20 rice program in Bien Unido, Bohol
President Ferdinand Marcos Jr. led the official launch in this town today of his flagship food program, “Benteng Bigas, Meron Na!”, an initiative that makes the P20-per-kilo rice available to thousands of qualified beneficiaries. This flagship initiative of President Marcos carried out by the Department of Agriculture is a key step toward delivering affordable food to every Filipino household.
Leviste: Lowering VAT to 10% should be top tax bill for 20th Congress
Batangas 1st District Representative Leandro Legarda Leviste has filed House Bill No. 4302 to lower the Value-Added Tax (VAT) to 10% and moved today that this be at the top of the agenda of the Ways and Means Committee for the 20th Congress. Leviste made the motion during a Ways and Means Committee hearing with the Department of Finance (DOF) on priority tax measures.
Garbin exposes Tiangco’s P529-M budget insertions cornered by notorious contractors in ghost, substandard flood-control projects
Ako Bicol party-list Rep. Alfredo Garbin on Friday turned the tables on Navotas Rep. Toby Tiangco, exposing that the lawmaker himself has more than half a billion pesos in budget insertions for 2025 that went to projects cornered by two firms now under investigation for ghost flood-control undertakings.
