Economy
Philippine exports seen beating forecasts despite tariffs
Philippine exports are poised to sustain double-digit growth this year and outperform government forecasts despite higher US tariffs and other external challenges, supported by strong first-half shipments and a broader mix of products and markets.
But First, Coffee grows through inclusive hiring
What began as a one-person coffee business during the pandemic has grown into a nationwide enterprise employing thousands of workers, proving that a small startup can build a bigger business by widening access to opportunity.
Philippine budget deficit widens sharply in July
The Philippine government’s budget deficit widened sharply in July as spending surged to support major programs and infrastructure projects, outpacing a modest increase in revenues.
Manufacturers seek faster customs as peso weakens
Philippine manufacturers are pressing the government to cut non-tariff barriers and administrative delays as a weaker peso pushes up the cost of imported raw materials, machinery, and fuel.
BIR e-invoicing to ease compliance, strengthen revenue collection
The Bureau of Internal Revenue (BIR) is pushing electronic invoicing as a digital overhaul that could make tax compliance easier for businesses while giving the government better tools to track transactions and collect revenues.
