The government is eyeing higher taxes on sugary drinks, tobacco, vapes, plastics and certain vehicles to offset planned tax relief measures.
Investor Marvin Germo says the country’s role in the US-led semiconductor coalition could create opportunities, but key commitments must be made clear.
Singapore turned street vendors into a thriving hawker centre culture. Could a similar approach give Manila’s smallest food businesses a clearer path to growth?
Higher purchases of electronics, fuel, and equipment point to continued business activity.
Producer prices rose 3% in June, slower than May.
Exports jump 24.1% as electronics drive growth and first-half shipments reach record levels.
The Philippine peso sank to a historic low of ₱61.853 against the US dollar before rebounding in the final trading week to end the month at ₱61.24.
The Philippine Stock Exchange index climbed 167.18 points in July, reaching a monthly high of 6,415.72 before profit-taking pulled the benchmark lower in the final trading sessions.
Philippine financial markets closed lower on Thursday as stocks retreated from the previous session’s rebound while the peso gave up part of its recent recovery against the US dollar.
Subsidies, tax relief, and social discounts should be judged by both their immediate fiscal cost and their longer-term economic impact.
