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THE Philippines and Japan signed a renegotiated double taxation treaty, replacing a decades-old agreement and updating withholding tax rules on dividends, interest and royalties. In a statement on Friday, the Department of Finance...
CONFIDENCE of local businesses continued to wane amid the ongoing Middle East conflict which has kept oil prices and inflation elevated, according to the central bank’s Business Expectations Survey (BES). Based on the latest survey...
THE country’s import payments surged in April, with bills for mineral fuels posting the fastest growth among major import commodity groups. Latest data from the Philippine Statistics Authority (PSA) showed the import bill reached $13.17...
GLOBAL oil price shocks are now hitting the Philippine economy harder following the implementation of higher fuel excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, as increases in global crude prices are being...
Current-month Business Expectations Survey (BES) confidence index in April 2026, indicating a deeper pessimistic sentiment among Philippine firms compared with -24.3% in March 2026, amid elevated inflation and geopolitical risks.
