Top News
Proposed US remittance tax raises concerns over impact on dollar inflows
A proposed 1 percent tax on overseas remittances currently being deliberated in the US Congress has sparked concern among Philippine policymakers, given its potential to reduce a key source of foreign exchange for the economy—even as only a minority of Filipinos directly receive such remittances.
Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
Ancillary service costs push up NGCP rates, hit Meralco customers
The National Grid Corporation of the Philippines (NGCP) reported a 5.49 percent increase in transmission rates for the June 2025 supply month, driven by a 9.32 percent hike in ancillary services (AS) costs.
Poor internet threatens PH healthcare, doctors warn
At least 53 Philippine medical and healthcare associations have formally urged President Ferdinand Marcos Jr. to sign the Konektadong Pinoy bill, warning that the country’s poor digital infrastructure threatens to undo progress in universal healthcare delivery.
Fuel prices climb again Tuesday amid global oil jitters
Retail fuel prices are set to rise again this Tuesday, with increases of up to P0.70 per liter for gasoline and P1.40 per liter for diesel, according to Jetti Petroleum Inc. president Leo Bellas.
