Economy
Business groups back DOF tax audit reforms
Support for reforms initiated by the Department of Finance at the Bureau of Internal Revenue is gaining momentum, with leading business groups hailing the measures as a confidence boost for investors and a reset for tax administration.
PH net external liabilities rise in Q2 2025 as firms, government borrow more — BSA data
The country’s net external liabilities rose by 7.1 percent to ₱3.7 trillion in the second quarter of 2025 from ₱3.5 trillion in the first quarter, based on preliminary Balance Sheet Approach (BSA) data.
FCDU loans slip in Q3 2025, still a key source of foreign currency
Foreign currency deposit unit (FCDU) loans fell 5 percent to US$15.13 billion in the third quarter of 2025, down US$802 million from the previous quarter, data showed. Year on year, loans declined by 3.9 percent, even as foreign currency deposits continued to grow.
Investing in creativity pays billions back
Congress must treat funding for the creative industries as an investment—not an expense—because it will return billions of pesos in future dividends, Negros Occidental Rep. Javier Miguel “Javi” Benitez said, pressing lawmakers to rethink budget priorities for one of the country’s strongest economic performers.
Home price growth cools in Q3, signaling softer housing demand
Residential property prices in the Philippines rose at a much slower pace in the third quarter, pointing to easing demand and more cautious activity in the housing market, according to data from the Bangko Sentral ng Pilipinas (BSP).
