Companies

Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said last week that the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law has encouraged Japanese companies to invest in the Philippines. Roque and Special Assistant to the President for Economic Affairs and Investments Secretary Frederick Go visited Japan from March …

Inflation in February eased to 2.1 percent from 2.9 percent in January, primarily due to the slower price increase of food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) reported. In a recent press briefing, PSA Assistant Secretary Divina Gracia del Prado attributed the decline to the Department of Agriculture’s (DA) declaration of a food security emergency, which helped lower …

DMCI Mining Corp. and Nickel Asia Corp. (NAC) announced last week that they are exploring the development of a new nickel processing plant in the Philippines. This follows the signing of a memorandum of understanding (MOU) between the two companies on Tuesday to conduct a feasibility study for the project. The planned facility aims to process low-grade nickel ore, which …

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The government is intensifying its efforts to sustain sound fiscal management, Budget Secretary Amenah Pangandaman said on Friday, following the reported 5.7-percent reduction in the country’s budget deficit in 2024. Pangandaman made the statement after the Bureau of the Treasury (BTr) announced that the budget deficit declined to P1.506 trillion, a 0.38-percent reduction, as revenue growth outpaced government spending. According …

The Philippine Amusement and Gaming Corporation (PAGCOR) today welcomed the country’s exit from the Financial Action Task Force grey list and vowed to continuously strengthen regulations and strict monitoring of the local gaming industry.  PAGCOR Chairman and CEO Alejandro H. Tengco said the exit from the list is a very significant development that should help bring in more foreign investments …

The Philippine economy is poised to expand beyond 6 percent this year, with inflation expected to remain within target, according to forecasts from an investment management firm and a UK-based bank. During a briefing in Makati City on Friday, Sun Life Investment Management and Trust Corp. Chief Investment Officer Ritchie Teo projected a 6.2 percent growth rate for the Philippine …

The Philippines’ total external trade in goods grew by 9.1 percent in January, reaching USD17.82 billion from USD16.32 billion in the same period last year, according to the Philippine Statistics Authority (PSA). Latest data released on Friday showed that imports accounted for 64.3 percent of the total trade value, while exports made up 35.7 percent. Export sales climbed by 6.3 …

The national government’s total revenue collection reached P4.419 trillion in 2024, surpassing the P4.27 trillion target, according to the Bureau of the Treasury (BTr). In a report released Thursday, the BTr noted that revenue collection last year amounted to 16.72 percent of the country’s gross domestic product (GDP), marking the highest revenue effort since 1997. The increase was largely attributed …

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