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.
The Bureau of the Treasury (BTr) raised P54.2 billion from its Treasury bill (T-bill) and Cash Management Bill (CMB) auction, buoyed by strong investor demand, although it partially awarded bids for the 364-day T-bill amid elevated borrowing costs.
The inaugural TaiwanLink Fair 2026 brought Taiwanese businesses together with Philippine government officials and industry representatives for two days of exhibitions, networking and cultural exchange at Glorietta Activity Center on Oct. 24 and 25.
The National Privacy Commission (NPC) and the Bureau of Internal Revenue (BIR) have discussed safeguards for personal information under the tax agency’s Registration Seal Badge program following concerns from taxpayers and other stakeholders.
The Philippine Exporters Confederation Inc. (Philexport) is urging businesses to strengthen contingency plans for water shortages, rising energy costs and supply disruptions as strong El Niño conditions are expected to persist into early 2027.