The Fiscal Incentives Review Board (FIRB) said it approved the revised Strategic Investment Priority Plan (SIPP), which removes several activities from the list of qualified investments, according to a resolution released this week.
New Regular Foreign Investment Negative List eases alien entry in telco, retail
Foreigners are allowed to own telecommunications firms as well as retail trade enterprises with paid-up capital of less than P25 million after President Ferdinand Marcos Jr. approved the 13th Regular Foreign Investment Negative List (RFINL).
IMF says Philippines faces ‘difficult situation’ as Mideast energy shocks weigh on growth
The Philippines is facing a difficult situation as its heavy reliance on oil imports tests its economic resilience amid the ongoing energy crisis from the Middle East war, the International Monetary Fund (IMF) said.
DBM releases 68% of 2026 national budget
The Marcos administration has released 68.1 percent of the P6.793-trillion national budget in 2026 in the first three months, a much slower disbursement pace than the previous year, the Department of Budget and Management (DBM) said.
Philippines, Thailand most exposed to aviation slump — think tank
Oxford Economics said the Philippines and Thailand appear especially vulnerable to an aviation downturn driven by higher jet fuel costs, citing the outsized role international arrivals play in both countries’ growth and employment.
Cash remittances hit 9-month low in February
Money sent home by overseas Filipino workers (OFWs) fell to its lowest level in nine months in February, the Bangko Sentral ng Pilipinas (BSP) reported.
Emerging Asia needs ‘narrowly targeted’ policies vs energy shocks — IMF
Policymakers in Emerging Asia markets such as the Philippines should implement “narrowly targeted” measures to weather current energy shocks from the Middle East war, the International Monetary Fund (IMF) said
The Marcos administration reaffirmed its focus on stabilizing the economy and protecting vulnerable households even as the Middle East conflict threatens to slow growth across Asia and weigh on the Philippines’ own expansion prospects.
22,000 metric tons of LPG set to arrive in May — DOE
The Philippines is set to receive 22,000 metric tons of liquefied petroleum gas (LPG) between the second and third week of May.
DA starts rollout of ₱10 billion assistance program for farmers
The Department of Agriculture (DA) on Wednesday started the rollout of the P10-billion cash assistance program aimed at helping farmers and fisherfolk grappling with surging production and input costs.
IMF downgrades Philippine growth to 4.1%
The International Monetary Fund (IMF) now expects Philippine economic growth this year to fall far below the government’s target as the oil shock from the Middle East war adds to the impact of a graft scandal that stalled public spending.
Philippines to see faster inflation, slower GDP growth
Moody’s Ratings lowered its growth forecast for the Philippines and raised its inflation outlook, reflecting the impact of soaring global energy prices amid the Middle East conflict.
DA seeks to expand MAV for pork, corn
The Department of Agriculture (DA) plans to allow more imported pork and corn into the country to help stabilize retail prices amid rising shipping costs.
BOC extends validity of importer accreditation to 3 years from 1
The Bureau of Customs (BOC) has extended the validity of importer accreditation to three years from one and lowered its cost — a move the government said would reduce red tape and help keep goods moving into the country.
Rice, fish shipments benefit from P1 port fee
The government program to cut logistics costs has started to benefit farmers and traders shipping rice and fish products locally, improving food supply in the midst of elevated oil prices.
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