Top News
BIR removes VAT on electricity system loss charges
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.
DHSUD, Pag-IBIG roll out nationwide open houses for Expanded 4PH
The Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund on Monday rolled out simultaneous open houses at 14 housing projects nationwide to widen access to homes and financing under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
Mynt IPO likely to price below P10, analysts say
Mynt Inc., the company behind leading fintech platform GCash, may see its upcoming initial public offering (IPO) priced below the stated P10 indicative level, according to market analysts.
BOP narrows as stronger inflows boost economic activity
The nation's overall balance of payments, or what is left after its foreign exchange expenses are deducted from its earnings, recorded a smaller deficit in the first half of 2026, driven by a surge of cross-border financial activity that helped absorb a widening trade gap. Bangko Sentral ng Pilipinas (BSP) covering January to June reveals the external balance logged a $3.9 billion deficit—representing 1.6 percent of gross domestic product—marking a noticeable improvement from the $5.6 billion shortfall, or 2.4 percent of GDP, recorded during the same period last year.
Foreign debt rises to $155 billion as officials reassure economic stability
The Philippines reported total external debt climbing to $154.93 billion as of end-June 2026, marking a notable jump from the $147.35 billion recorded just three months earlier. The increase brings the country's foreign obligations to 31.6 percent of its gross domestic product, up from 30.0 percent in the previous quarter, as borrowing outpaced overall economic growth during the period.
