Economy
President Marcos pushes ProGRESS bill to fund key programs
President Ferdinand R. Marcos Jr. is seeking the passage of the proposed ProGRESS bill within the year, with the measure expected to generate billions of pesos for priority government programs while avoiding broad-based tax increases on most Filipinos.
BOC posts record July collections amid stronger enforcement
The Bureau of Customs (BOC) collected a record P95.848 billion in July, its highest monthly revenue haul on record, as stronger customs enforcement and improved trade facilitation continued to bolster government revenues.
ECOP urges regions to resist copying NCR wage hike
The Employers Confederation of the Philippines (ECOP) has cautioned regional wage boards against automatically following Metro Manila's latest minimum wage increase, arguing that wage adjustments should reflect local economic realities rather than establish a nationwide template.
Philippines can reach high-income status by 2053, World Bank
The Philippines could join the ranks of high-income economies by 2053, but only if it shifts from an investment-led growth model to one driven...
Philippine factories rebound as demand strengthens
Philippine manufacturers started the second half of 2026 on stronger footing, with factory output and new orders posting their fastest growth in five months as businesses tapped existing inventories to keep up with improving demand.
