Economy
Banks seen as economic pillar amid uncertainty – BSP
The Bangko Sentral ng Pilipinas (BSP) highlighted innovation, inclusion, and integrity as key priorities for the financial sector during its annual reception for the banking community on Friday, saying the banking industry remains one of the bright spots in the economy.
BIR rolls out audit reform drive
The Bureau of Internal Revenue (BIR) on January 23 launched a sweeping reform agenda that puts audit reform and accountability at the center of tax administration, as the agency prepares to resume tax audits under stricter rules, clearer safeguards, and stronger oversight.
Philippines climbs, reforms power business confidence
The Philippines landed at 53rd out of 101 economies in the World Bank Group’s 2025 Business-Ready (B-READY) Report, placing the country squarely at the midpoint of an expanded global ranking and signaling steady reform momentum.
Food prices diverge as 2026 opens unevenly
Retail food prices in the Philippines opened 2026 on a mixed note, with staples such as rice, chicken, and fish edging higher, while red onion prices eased from December spikes—highlighting uneven supply dynamics as the market adjusts after the holidays.
Europe deepens Philippine trade amid uncertainty
Europe is pushing to deepen trade and investment ties with the Philippines as global economic uncertainty reshapes international commerce, according to European and Nordic diplomats.
