Economy

THE Asian Development Bank (ADB) expects to approve this year a $500-million loan to help the Philippines adopt public financial management (PFM) reforms.…

THE Department of Tourism (DoT) and South Korea’s Ministry of Culture, Sports, and Tourism signed an agreement outlining their tourism cooperation program for…

By Beatriz Marie D. Cruz, Reporter COMPLIANCE with a new value-added tax (VAT) by foreign digital service providers (DSPs) will hinge on how…

THE National Electrification Administration (NEA) approved a credit facility to support non-network and smart-grid capital expenditure (capex) requirements of electric cooperatives (ECs). “As…

“Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions taken depend on the ideas that…

THE PHILIPPINES is hoping to conclude negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) by early November,…

THE Department of Public Works and Highways (DPWH) has been asked to adopt catch-up measures after failing to meet spending targets for its…

THE UK is open to working closely with the Philippines in developing its offshore wind resources, noting the country’s many high-potential sites. British…

THE Bureau of Internal Revenue (BIR) will now automatically classify value-added tax (VAT) refund claims with incomplete information as “high risk,” subject to…

PHILIPPINE chicken production is expected to increase 3.8% to 1.63 million metric tons (MT) in 2025, according to the US Department of Agriculture…