The Philippines’ manufacturing value added dropped to 15.7% of gross domestic product (GDP) in 2024, one of the lowest in the East Asia & Pacific region, according to the World Bank data. It trailed ...

THE Bases Conversion and Development Authority (BCDA) said the Market! Market! site in Bonifacio Global City (BGC) is set for disposal and redevelopment once its lease ends in 2027. “The Market!

PLAINTIFFS challenging unprogrammed appropriations told the Supreme Court (SC) that the budget mechanism allows billions of pesos to move outside constitutional guardrails, weakening fiscal discipline ...

Under the Anti-Money Laundering Act (AMLA), those classified as covered persons are mandated to report to the Anti-Money Laundering Council (AMLC) all covered transactions and suspicious transactions ...

Agentic AI is now 10x faster and a fraction of the cost of human labor. A billing model built around hours of human time is no longer just inefficient — it is structurally incompatible with the ...

The Philippine jobless rate rose to 4.7% in April from a year earlier, while underemployment climbed to a nearly three-year high of 15.2%, signaling continued weakness in the labor market. Data from ...

MERALCO POWERGEN CORP. (MGen), the power generation arm of Manila Electric Co. (Meralco), is set to develop a 49-megawatt (MW) battery energy storage system (BESS) in Toledo, Cebu, which is expected ...

ALMOST 7 out of 10 Filipino employees place stability and work-life balance at the forefront when choosing where to work, urging employers to offer flexible working options such as working from home, ...

In our earlier article, “Removal of the 5-Year Validity of Receipts and Invoices,” I explained that the Philippine tax system is mostly driven by supporting documents and that the deductibility of ...

THE Anti-Red Tape Authority (ARTA) said data centers will play a crucial role in supporting improvements to government services as well as the growth of the digital economy. “We recognize that our ...

YUCHENGCO-LED PetroEnergy Resources Corp. (PERC) has secured approval from the Department of Energy (DoE) to begin permit processing for a proposed ground-mounted solar power project in Capiz province ...

STEADY INFLOWS from remittances and the services sector despite emerging external pressures helped narrow the Philippines’ balance of payments (BoP) gap to a three-month low in April, Bangko Sentral ...