Economy
NNIC remits P78B to government, invests P6.8B in NAIA overhaul
New NAIA Infra Corp. (NNIC) has remitted P78 billion to the national government and poured P6.8 billion into rehabilitation and modernization works at the Ninoy Aquino International Airport (NAIA) since taking over operations of the country’s main gateway on September 14, 2024, marking substantial early progress under the public-private partnership (PPP) framework.
BSP makes preemptive quarter-point rate hike on inflation risks
The Bangko Sentral ng Pilipinas on Thursday delivered a preemptive 25-basis-point rate hike and left the door open to further tightening as stubborn inflationary pressures threaten to keep prices above the central bank’s target range.
PMFTC says BIR crackdown curbs illicit cigarette trade
Philip Morris Fortune Tobacco Corp. (PMFTC) said intensified enforcement by the Bureau of Internal Revenue (BIR) and other government agencies has helped reduce illicit cigarette trade, potentially limiting tax leakages from untaxed tobacco products.
PSA, GCash bring National ID, finance closer communities
The Philippine Statistics Authority (PSA) and GCash are bringing National ID registration and digital financial services closer to communities, seeking to remove a key barrier keeping millions of Filipinos outside the formal financial system.
MAP seeks full 2027 budget transparency, accountability
The Management Association of the Philippines (MAP) has called for full transparency and accountability in the proposed 2027 national budget, warning that questionable spending practices could further erode public trust and investor confidence.
