The Bangko Sentral ng Pilipinas (BSP) cut its key policy rate by 25 basis points on Thursday, signaling a shift toward supporting economic growth as inflation remains under control.

Proposed global tax reforms under the Organisation for Economic Co-operation and Development (OECD) could bolster fiscal sustainability, but Philippine industry leaders are urging policymakers to tread carefully to avoid undercutting demand and competitiveness.

The Department of Public Works and Highways (DPWH) will create a “green lane” to speed up the completion of major infrastructure projects by prioritizing qualified and legitimate contractors.