The total resources of the Philippine financial system rose by nearly 10 percent to P38.09 trillion in July, driven largely by the continued expansion of banks, data from the Bangko Sentral ng Pilipinas showed.
Oct 10, 2026
MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) exceeded its 2025 targets for asset recovery, loan resolution and the liquidation of closed banks, boosting recoveries for depositors and creditors. The state-run deposit insurer resolved 2,389 pieces of property with a combined gross book value of P524.9 million and offered 404 for public bidding, according to
MANILA, Philippines — Four big-ticket projects in the Philippine Economic Zone Authority’s (Peza) pipeline could propel the agency to an all-time high in investment approvals this year, potentially surpassing its P311-billion record by about P200 billion. Peza Director General Tereso Panga said the agency, which had already approved P297.14 billion worth of projects as of September,
The Bureau of Internal Revenue (BIR) has issued a new regulation requiring the amount of creditable withholding tax, when applicable, to be shown as a separate item on invoices.
The increasing global appeal of Chinese firms’ novel therapies has propelled the country’s rise as a biomedical powerhouse, but China has yet to produce a drug to rival all-time best-selling Western blockbusters in sales. Beijing has set ambitious new five-year targets to boost its global presence, including at least five products with annual global sales surpassing US$1 billion by 2030. The goal is achievable, according to some analysts. Jefferies’ head of Asia healthcare research Cui Cui noted...
Oct 9, 2026
Property investment typically comes down to two considerations: the advantages a location offers today and the value it can still create over time. Along Metro Manila’s C5 corridor, both are increasingly evident. Thriving growth corridor A few years ago, C5 Road was still regarded as an emerging proposition—one of the capital’s fringe addresses taking shape
(First of two parts) For generations of Filipinos, the formula was almost instinctive: Finish school. Get a job. Get married. Have children. Buy a house. For many families, the house was proof that years of hard work had finally produced something tangible. It was where children would grow up, where family reunions would happen, where
ASEAN consumers increasingly use AI tools like ChatGPT for product research, shifting visibility challenges from Google rankings. Generative Engine Optimisation (GEO) now structures content for AI citation and recommendation, becoming essential for foreign businesses entering Southeast Asian markets competing for consumer decision-making visibility.
MANILA, Philippines — The Securities and Exchange Commission (SEC) is seeking comments on proposed revisions to Philippine Green Equity guidelines that would put exchanges in charge of granting and monitoring the label for qualifying listed companies. The draft would task exchanges with evaluating applications, accrediting external reviewers, and checking issuers’ continued compliance, subject to SEC oversight.
MANILA, Philippines — The World Trade Organization (WTO) has more than doubled its global merchandise trade growth forecast for 2026, as surging demand for artificial intelligence (AI) equipment, particularly from Asian manufacturers, has outweighed disruptions caused by the war in the Middle East. In its latest Global Trade Outlook and Statistics report, the Geneva-based organization
MANILA, Philippines — The Department of Agriculture (DA) is urging the new generation of Filipinos to return to farming, stressing that distributing land, loans, or subsidies alone will not resolve the issue of an aging farm workforce. “For the Philippines, generational renewal in agriculture and fisheries is not simply about replacing an aging generation,” Agriculture Assistant
MANILA, Philippines — A total of 2,379 micro taxpayers have availed of the One-Time Abatement Program of the Bureau of Internal Revenue (BIR) as of Oct. 3, with total tax liabilities and penalties abated reaching P149.35 million. These taxpayers filed 10,229 applications under the program, of which 8,464 have so far been approved. Of the
MANILA, Philippines —The Bureau of Internal Revenue (BIR) warns taxpayers against accessing orus.ph, a website that appears to imitate its Online Registration and Update System (ORUS). The website may expose users to suspicious pop-ups, unfamiliar prompts, or other potentially unsafe content that could pose privacy and cybersecurity risks. Taxpayers are strongly advised not to access