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OFW Remittance Up

The Bangko Sentral ng Pilipinas said personal remittance of overseas Filipino workers in September rose 2.6 percent year-on-year to USD3.2 billion, pushing nine-month personal remittance 2.8 percent higher to USD27.24 billion.

Monetary Board maintains policy settings

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Thursday kept its policy settings unchanged as projected, having made a surprise off-cycle adjustment two weeks earlier to keep inflation from getting disanchored. 

Government committed to temper inflation – president

President Ferdinand Marcos Jr. said on Thursday that the government is committed to bringing down inflation and maintaining overall price stability. The government will pursue...

3Q foreign investment pledges more than double to P27.30B

The Philippine Statistics Authority said Tuesday total foreign investments pledges approved by investments promotion agencies in the third quarter more than doubled to P27.30 billion from P13.05 billion in the same quarter last year.

‘I quit school to raise my eldest child’

Agriculture Secretary Francisco Tiu Laurel, Jr. on Monday set the record straight on his educational background amid erroneous reports claiming he is a graduate of the University of Santos Tomas (UST), saying he quit school to raise his eldest child.

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Maya shifts to recycled plastic cards

Maya has begun rolling out cards made from recycled plastic (rPVC) and plans to transition all newly produced prepaid cards to recycled materials by the end of the year as part of its sustainability commitment.

Business group cheers BIR shift toward simpler taxes

The Philippine Chamber of Commerce and Industry (PCCI) believes the Bureau of Internal Revenue (BIR) may finally be turning a page on one of the private sector's longest-running frustrations: a tax system often seen as costly to comply with and difficult to navigate.

Philippines eyes bigger AI role via global alliance 

The Philippines is making its pitch to become more than a consumer of artificial intelligence. It wants a seat at the table where the chips, data centers, and investments are being built.

Marcos eyes Canadian capital for next-generation industries

President Ferdinand R. Marcos Jr. is heading to Canada next week with an investment-heavy agenda, seeking to translate growing bilateral ties into fresh capital for industries expected to shape the Philippines' next phase of economic growth.

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