Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
319 articles from BusinessWorld Economy
BoC July collections hit record P95.85 billion
THE Bureau of Customs (BoC) said July collections hit a record posted P95.85 billion, exceeding its target by 4.7%. In a statement on Monday, the BoC said the July haul was also 12.5% higher than the P85.18 billion collected a year earlier. This brought collections in the seven months to July to a record P587.71 […]
Read more →Making enhanced deductions regime work for registered business enterprises
In investment decisions, tax incentives should not be treated as an afterthought. They influence pricing, capital allocation, financing assumptions, workforce planning, supply chain strategy, and ultimately, the expected return on a registered project. For registered business enterprises (RBEs), the Enhanced Deductions Regime (EDR) under the CREATE MORE Act is therefore more than a compliance provision. […]
Read more →Competition probe looming for highland vegetable trade
THE Philippine Competition Commission (PCC) and the Department of Agriculture’s (DA) Cordillera Administrative Region (CAR) office said they discussed competition issues in the highland vegetable trade, particularly involving carrots and cabbage. In its market study on highland vegetables, the PCC found that farmers face production and profitability constraints, imbalances in market power and bargaining positions […]
Read more →Maharlika signs MoU with Morocco wealth fund
THE Maharlika Investment Corp. (MIC) said it signed a memorandum of understanding (MoU) with Morocco’s sovereign wealth fund, Ithmar Capital. According to the MIC, the partnership will facilitate the exchange of expertise and best practices between the two sovereign wealth funds. “We are eager and grateful for the opportunity to participate in mutual capacity building […]
Read more →NSCR, MRT-7 on track to start some operations by 2027 — DoTr
THE Department of Transportation (DoTr) is confident of completing the construction of the North South Commuter Railway (NSCR) project, with the rail line hitting a 62% progress rate overall. The department affirmed President Ferdinand R. Marcos, Jr.’s commitment during his State of the Nation Address that the two major rail projects will be partially operational […]
Read more →DoF sets rules for claiming enhanced deductions
THE Department of Finance (DoF) said it will allow eligible registered business enterprises (RBEs) to claim additional tax deductions of up to 100% on certain expenses under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. In Advisory No. 010-2026, the Fiscal Incentives Review Board circularized […]
Read more →