Economy

The Bureau of Internal Revenue unleashed P23.67 billion in tax refunds between January and September 2026—a staggering 90 percent surge from last year's P12.42 billion. This massive cash injection throws a critical lifeline to Philippine enterprises battling crushing energy costs and soaring operating expenses.

The Clark Development Corp. (CDC) is driving local supply chain integration within the Clark Freeport Zone, urging manufacturers and exporters to source materials from fellow locators to cut import reliance under the Luzon Economic Corridor (LEC).

The National Government fiscal deficit for August widened by to P161.3 billion from P84.8 billion a year ago, driven by a 16 percent spike in expenditures and lower non-tax revenues.

Jobstreet by SEEK is aggressively expanding artificial intelligence tools to tackle chronic hiring bottlenecks, slash skyrocketing recruitment costs, and beat talent mismatches in a hyper-competitive job market.

Corruption and inflation may have cost the Philippine economy an estimated P2.75 trillion over the 12 months to the second quarter of 2026, Senate President Sherwin Gatchalian said Thursday, as lawmakers launched an inquiry into the country’s slowing growth and weakening investment.