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FDIs nosedive by 46% to $448M in January

The Philippines started on the wrong foot as foreign direct investments (FDIs) that entered the country nosedived by 45.7 percent to a 20-month low...

Economy creates more jobs in February but not enough; rank of jobless rise

Around 102,000 Filipinos joined the ranks of the unemployed in February,  raising the number of the jobless to 2.47 million from 2.37 million in...

Statistics Office revise down 4Q GDP growth to 7.1%

The Philippine Statistics Authority has released the revised estimates of the national accounts for the fourth quarter but the annual rates of growth for...

Digital enterprises obliged to pay taxes, reminds BIR exec

The Bureau of Internal Revenue (BIR) is reminding digital enterprises that, like traditional businesses, they are covered by the Tax Code and have tax...

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Excise tax, VAT suspension risks fiscal hole, Senate told

The Philippine government could forgo as much as P272.83 billion in revenues in 2026 if excise taxes and value-added tax (VAT) on fuel imports are suspended, according to estimates presented by the Bureau of Customs (BOC) during a Senate hearing on March 11.

SRA holds talks with sugar industry on programs supporting prices

The Sugar Regulatory Administration (SRA) met with local sugar producers, millers, and labor representatives this week to discuss ways to address current challenges in the sugar sector.

DA seeks more funds to expand fuel subsidies for farmers, fishers

The Department of Agriculture (DA) is exploring additional funding sources to provide fuel subsidies to more farmers and fisherfolk across the country.

PUV drivers to receive P5,000 fuel subsidy starting March 17

The Department of Transportation (DOTr) will begin distributing a P5,000 fuel subsidy to public utility vehicle (PUV) drivers in Metro Manila on March 17, 2026, as the government moves to ease the impact of rising oil prices linked to tensions in the Middle East.

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