President Ferdinand Marcos Jr. has approved a one-month extension for the filing of 2025 Annual Income Tax Returns (AITRs), moving the deadline from April 15 to May 15, 2026, in a bid to ease compliance and give taxpayers more preparation time.
President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.
The government would need about P42 billion over the next three months to expand social protection coverage for vulnerable households, Planning Secretary Arsenio Balisacan said Monday, as policymakers weigh broader support measures amid ongoing economic pressures.
The Philippine government has directed Meta Platforms, Inc. to strengthen its safeguards against the spread of false and panic-inducing content tied to the ongoing oil crisis, warning of potential legal action if the company fails to act swiftly.
The Asian Development Bank (ADB) has trimmed its growth forecast for the Philippines, underscoring mounting global uncertainty driven largely by the ongoing conflict in the Middle East.