MEAT imports in 2025 gave a record-high of over P22 billion in tariffs and taxes, driven by higher volume as the country continued to depend on foreign supplies to meet its growing animal protein requirement. In a report, the House of Representatives’ Congressional Policy and Budget Research Department (CPBRD) computed the government’s tariff and value added tax (VAT) revenues from …

The country’s external financial position remains stable even after a month-on-month decline in foreign reserves, according to the Bangko Sentral ng Pilipinas (BSP). Latest preliminary data released last week showed that gross international reserves (GIR) stood at $107.5 billion in March, down from $113.3 billion in February. The GIR is composed of foreign-denominated securities, foreign exchange holdings, gold assets, and …

The national government posted a slightly narrower budget deficit in February, supported by stronger revenue collections that outpaced spending growth, according to the Bureau of the Treasury (BTr). Latest cash operations data showed the deficit eased to ₱171.2 billion in February, marginally lower than the ₱171.4 billion recorded in the same month last year. This brought the year-to-date fiscal gap …

The Philippines has secured a $600-million financing package from the World Bank to strengthen foundational skills in reading, literacy, and mathematics among public school students. The program, known as the Project for Learning Upgrade Support and Decentralization (PLUS-D), will be implemented by the Department of Education and is expected to benefit around 21 million learners from kindergarten to Grade 10, …

Credit activity in the country’s financial system continued to expand in February, with domestic lending growing at a slightly faster pace, according to the Bangko Sentral ng Pilipinas (BSP). Latest data showed outstanding loans from domestic banks rose 9.5 percent in February, up from 9.3 percent in January, reflecting steady credit demand across key sectors of the economy. Loans to …

The Philippine National Bank (PNB) has obtained regulatory approval to host outreach and assistance services for Filipino workers in Japan, allowing key government agencies to engage directly with overseas Filipinos within its branch facilities. Under the arrangement, the Social Security System (SSS) and the Pag-IBIG Fund will conduct client assistance, information, and orientation sessions at PNB’s Tokyo and Nagoya branches. …

State-owned Development Bank of the Philippines (DBP) has signed a ₱2-billion loan agreement with the Local Government of Kabankalan City to fund major infrastructure projects aimed at addressing long-standing flooding problems in the area. DBP President and CEO Michael O. de Jesus said the financing was approved under the bank’s Assistance for Economic and Social Development (ASENSO) Program for Local …

The All-Inclusive Sales booth, one of the biggest set-up at the  Manila International Auto Show 2026 at the World Trade Center in Pasay City, was jampacked with buyers as they presented a stronger lineup of trusted automotive aftermarket brands and product solutions for the Philippine market. A broader and more dynamic brand presence at its booth, featuring Bendix, KYB, Hardex, …

The Manila International Auto Show 2026 opened its 4-day show with the hottest trend in the country today – the electric vehicles – being highlighted by the various participating car brands at the World Trade Center Metro Manila and the Philippine Trade Training Center (PTTC).  The first day of the MIAS attracted a big crowd from morning to evening as …

Kia Philippines, a subsidiary of ACMobility, official launched the Kia EV5, a fresh, versatile look to the electrified compact SUV segment, at the 2026 Manila International Auto Show in Pasay City.  Built with the modern Filipino in mind, the EV5 has innovative, spacious, and premium interior and impressive range and serves as the perfect match for those ready to transition …