Top News
PH keeps strong credit score as S&P affirms “BBB+” rating
The Philippines scored a major vote of confidence as S&P Global Ratings affirmed the country’s investment-grade credit rating, saying the economy remains one of Asia’s strongest despite a temporary slowdown.
NG posts P11.2-B budget surplus in October
The national government (NG) on Wednesday reported posting a P11.2-billion budget surplus in October, marking a 76 percent increase from the same month last year. This improvement helped narrow the fiscal deficit to P1.11 trillion for the first ten months of the year, keeping the government on track with its full-year consolidation goals.
DA urges crowdsourced oversight on farm roads nationwide
Agriculture Secretary Francisco P. Tiu Laurel Jr. is urging farmers, local governments, and ordinary citizens to help monitor the construction of farm-to-market roads (FMRs), warning that inefficiencies and corruption in rural infrastructure continue to undermine food production and farmer incomes.
Business titans bet on Philippines’ enduring resilience in face of political turmoil
Amid yet another round of political upheaval—this time sparked by widespread corruption in infrastructure projects—leading Filipino business leaders remain confident that once the noise subsides, the Philippines will again find its path to growth, its resilience tempered by decades of far darker shocks.
Temporary halt on BIR audits signals policy overhaul
The Bureau of Internal Revenue (BIR), under the direct supervision of newly minted Finance Secretary Frederick D. Go, on Monday announced the immediate and temporary suspension of all field audits and related operations, including the issuance of Letters of Authority (LOAs) and Mission Orders (MOs), following widespread taxpayer concerns over audit practices.
