The Anti-Red Tape Authority (ARTA) and the Department of Budget and Management (DBM) are moving to streamline government payment processes, aiming to ease long-standing cash flow problems that have delayed infrastructure projects and strained contractors doing business with the state.
The Philippines’ rise to 47th out of 70 economies in the 2026 IMD World Competitiveness Yearbook marks a notable step forward, but sustaining the momentum will depend on deeper structural reforms, stronger institutions, and accelerated digitalization of government services, according to the Anti-Red Tape Authority (ARTA).
The Anti-Red Tape Authority (ARTA) has extended to the Government Service Insurance System (GSIS) the Silver Award representing the highest rating of 92.8 percent or “Very Satisfactory”, among 50 government agencies in the agency’s Report Card Survey (RCS) 2.0.
Aboitiz Equity Ventures Inc. (AEV) reported a 54 percent drop in third-quarter net income to P4.1 billion from P8.9 billion a year earlier, limiting nine-month earnings growth despite stronger contributions from power and banking.
For Chef Josh Boutwood, the recipe for keeping a pair of Michelin stars is surprisingly unglamorous. No dramatic reinvention. No culinary stunt. Just a team showing up every day and refusing to let standards slip.
The Bureau of Internal Revenue (BIR) is accelerating digitalization and audit reforms to cut the cost of tax compliance, improve investor confidence and support the Philippines’ industrial expansion.
The British Chamber of Commerce of the Philippines (BCCP) has opposed a proposed pork import holiday and higher tariffs, warning that restricting supplies ahead of Christmas could intensify food inflation while African swine fever (ASF) continues to constrain domestic production.