RENEWABLE ENERGY. Aboitiz Renewables, Inc.’s 45-megawatt peak Armenia Solar Project in Tarlac. The Department of Energy reported that the country had an installed renewable energy capacity of nearly 800 megawatts in 2024. (Courtesy of AboitizPower) By Kris Crismundo MANILA – The Department of Energy (DOE) recently said the Philippines has hit the highest installed capacity of renewable energy…
By Anna Leah Gonzales MANILA – Finance Secretary Ralph Recto said the recently signed double taxation agreement (DTA) with Cambodia would help improve the integrity of the Philippine tax system. “By eliminating tax barriers and ensuring a fair and transparent framework, we are not only attracting greater foreign investments into the Philippines but also reinforcing our…
LUMAGUI. PNA FILE PHOTOMore and more taxpayers now avail of the Bureau of Internal Revenue’s (BIR) e-services resulting in the hike of its e-payment collections which had breached the PHP2 trillion mark previously recorded. Data released by the BIR during the recent 2025 National Tax Campaign Kick-off at the Philippine International Convention Center in Pasay…
INT’L PARTNERSHIPS. Trade Secretary Cristina Roque delivers her speech at the Parliamentary Intelligence-Security Forum in the House of Representatives on Feb. 4, 2025. Also in the photo is Parliamentary Intelligence-Security Forum chairperson and former US Congressman Robert Pittenger. (Photo courtesy of DTI) The Philippines sees its expanding international collaborations, as part of its policies to strengthen trade…
BMI, a Fitch Solutions unit, expects consumer spending to continue to grow this year, driven by strong economic growth. “We hold a positive outlook for consumer spending in the Philippines, with an acceleration in real household spending growth — from 5.0% in 2024 to 5.3% in 2025,” BMI said in a recent report. “In real…
The Philippine Economic Zone Authority (PEZA) Board has approved a record-high PHP30.15 billion in investments during its first Board meeting in January 23 this year, up by 1,263 percent from the PHP2.212-billion in January 2024. In a recent statement, Department of Trade and Industry (DTI) Secretary and PEZA chair Ma. Cristina Roque said their Board…
By Anna Leah Gonzales MANILA – The Philippines’ largest power firms owned by tycoons Manuel V. Pangilinan, Sabin Aboitiz, and Ramon S. Ang have reached an agreement on the joint acquisition of liquified natural gas (LNG). In a recent disclosure to the stock exchange, Manila Electric Company (MERALCO) said its wholly owned subsidiary Meralco PowerGen Corporation…
By Kris Crismundo MANILA – ProPak Philippines, the annual international trade expo for the packaging industry, will hold its fifth edition at the World Trade Center in Pasay City on February 12 to 14, 2025. This year’s expo will bring together some 250 exhibitors from over 30 countries. The will showcase their packaging technologies and innovation…
Finance Secretary Ralph Recto represents President Ferdinand R. Marcos and heads the Philippine delegation to the World Economic Forum (WEF) this year in Davos, Switzerland House Speaker Martin Romualdez said the Philippine delegation to the WEF 2025 aims to secure sustained investments in the country to enhance its competitiveness, efficiency and sustainability. “Our participation in…
By Anna Leah Gonzales The International Monetary Fund (IMF) sees Philippine economic growth to moderately pick up in 2024 to 2025, backed by lower inflation and the gradual easing of the country’s monetary policy. “Growth is expected to accelerate in 2024-25, supported by disinflation, and gradually declining borrowing costs as monetary policy normalizes,” stated a…
