Economy
Cash remittances hit $3.24 billion in July, sustaining consumption and growth
Cash sent home by overseas Filipino workers rose to 3.24 billion U.S. dollars in July 2026, marking a 1.9 percent growth compared to the 3.18 billion U.S. dollars recorded in the same month last year. The increase reflects a steady, upward trend that continued through the first seven months of the year, signaling enduring financial support from overseas workers despite global economic uncertainties.
DOF pushes wider sugar tax, rates up to P40
The Department of Finance (DOF) is pushing a broader and potentially more costly sugar tax, proposing excise rates of up to P20 on beverages using caloric sweeteners and P40 on those containing high-fructose corn syrup.
Government widens probe into substandard building materials
The government is widening its investigation into the use of substandard construction materials amid concerns that the practice may be more extensive than initially believed and could compromise the structural integrity of buildings.
PEZA eyes record investment haul on P200B pipeline
The Philippine Economic Zone Authority (PEZA) is poised to exceed its investment registration target this year, with a roughly P200-billion pipeline of major projects potentially pushing approvals past its previous record.
President Marcos secures $75M India pledges targeting rural health, digital rails
President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.
