Economy
Slower bank lending, softer liquidity point to cautious economy
The engine powering the nation's money supply in June slowed its pace as both corporate and individual borrowers took a step back. Growth in loans from universal and commercial banks eased to 9.8 percent year-on-year, down from a faster 12.1 percent sprint in May.
Philippine exports hit record as electronics drive surge
Philippine merchandise exports surged to a record USD8.8 billion in June, the highest monthly level since official records began in 1991, fueled by booming electronics shipments and strengthening global demand for advanced manufacturing products.
MAP backs Pax Silica with safeguards for national interest
The Management Association of the Philippines (MAP) has thrown its support behind the proposed Pax Silica Initiative, calling it one of the country's biggest economic opportunities in decades while urging the government to negotiate from a position of strength and ensure robust safeguards protect national interests.
BIR readies for Marcos tax reforms as bills advance
The Bureau of Internal Revenue (BIR) is gearing up for the Marcos administration's proposed tax reforms, preparing its systems and processes ahead of congressional approval to ensure quicker implementation once the measures become law.
Marcos order unlocks 1.2 million sqm PEZA offices
The administrative order of President Ferdinand R. Marcos Jr. to reopen Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered IT parks and centers is expected to unlock about 1.2 million square meters of future office space, easing a growing shortage of PEZA-accredited facilities in the capital's key business districts.
