Economy
ASEAN urged to tighten tobacco export controls
The Association of Southeast Asian Nations (ASEAN) should tighten export controls and harmonize requirements for tobacco products to curb illicit trade that is costing governments billions in lost revenues, JTI Philippines (JTIP) said.
Aboitiz exec backs Pax Silica industrialization push
Aboitiz Economic Estates president and CEO Rafael Fernandez de Mesa sees the government’s Pax Silica initiative as a potential catalyst for Philippine industrialization, particularly as the country seeks to attract higher-value industries and move up the global supply chain.
BSP sees elevated inflation shaping 2027 budget
The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.
Secretary Go says 2027 budget to prioritize fiscal discipline
Finance Secretary Frederick Go said the government’s 2027 budget will prioritize fiscal discipline and higher-impact spending as the administration works to sustain economic growth while reducing the deficit and managing debt levels.
MAP raises tax concerns as BIR pursues reforms
The Management Association of the Philippines has flagged tax administration issues with the Bureau of Internal Revenue, prompting the agency to explore further reforms aimed at making compliance simpler, more predictable, and more responsive to businesses.
