The Bureau of Internal Revenue (BIR) surpassed its 2024 collection target, reaching a total of P2.84 trillion, marking the first time in 20 years that it has exceeded its goal. “The BIR has collected at least P2.848 trillion for 2024. All credit belongs to the men and women of the BIR. Mabuhay po kayong lahat!” BIR Commissioner Romeo Lumagui Jr. …
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Personal remittances from overseas Filipinos grew by 3.5 percent in November 2024, according to the Bangko Sentral ng Pilipinas (BSP). The BSP’s latest data revealed that personal remittances totaled USD3.12 billion in November, up from USD3.02 billion in the same month last year, driven by higher contributions from both land- and sea-based workers. Personal remittances include cash sent via banks …
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Immerse yourself in a world where Filipino culture, history, and mythology meet cutting-edge game design in CCP Pasinaya 2025 Open House Festival: Para sa Lahat. The country’s biggest multi-arts festival gets even more exciting with Palaro, a new festival component featuring the works of the CCP Game and Comics Development grantees on February 1 and 2, 2025. Palaro, bringing Filipino …
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Usher in the Year of the Snake with a festive celebration of prosperity, good fortune, and exquisite flavors at Taal Vista Hotel. This Chinese New Year, Veranda restaurant invites you to indulge in a bountiful buffet featuring an array of delectable dishes meticulously curated for this special occasion. The menu promises a harmonious blend of flavors, symbolizing prosperity, joy, and …
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By Jinky Jorgio President Ferdinand R. Marcos Jr. will provide adequate funds for the National Irrigation Administration (NIA) to support the country’s irrigation programs. In a meeting with NIA Administrator Eduardo Eddie Guillen and officials at Malacañang Palace last week, Marcos emphasized the importance of constructing large dams not only for irrigation but also for other purposes. Under NIA’s 2025 …
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Following its successful recovery of Camp John Hay in Baguio City, the Bases Conversion and Development Authority (BCDA) is now moving forward with plans to unleash the full potential of this economic zone, with investments seen to reach Php10 billion. The BCDA is conducting a review of the comprehensive master plan of the John Hay Special Economic Zone (JHSEZ) to …
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Energy Secretary Raphael PM Lotilla claimed energy sector has seen remarkable improvements in stability and capacity under the Marcos administration. In a comprehensive update on the Philippine energy sector earlier this month, Lotilla marked the start of 2025 with optimism and highlighted significant milestones achieved since the administration began in July 2022. Lotilla said 1,400 megawatts of baseload capacity became commercially …
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A consortium of Philippine banks has extended an P18.3 billion green loan to finance the 550-megawatt Bugallon Solar Power Project in Pangasinan. The project, spearheaded by Vena Energy and MGen Renewable Energy Inc. (MGreen), the renewables arm of Meralco PowerGen Corp., is slated for completion by the fourth quarter of the year. Once operational, it is expected to produce 958 gigawatt-hours …
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The Light Rail Transit Authority (LRTA) has secured P2 billion to deliver the preliminary works for a project that would extend the Light Rail Transit Line 2 (LRT-2) to the western segment of Manila. LRTA administrator Hernando Cabrera told reporters his agency can finally pursue the initial works for the LRT-2 West Extension Project this year. Cabrera said the LRTA …
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There are two faces to a single coin, the obverse (front) and the reverse (back). In colloquial, vernacular speech/language, there’s the tao (human being) and the ibon (bird) in tossing a coin the air to signify the order of appearance, for instance, in a game. Or simply put, there are many sides to a story. True enough to the postponement of the 2nd Manila …
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The Market Monitor Minding the Nation's Business