National Government’s July deficit jumped from ₱18.9 billion a year ago as spending growth outpaced revenue growth.
Lucio Tan’s LT Group property arm posts ₱209.9 million net income as revenue rises 26% in the first half.
Revenue climbed 94% while retail fuel sales surged 474% as the company expanded its presence across the Visayas.
As the government prepares new revenue measures, the World Bank says tax changes should raise collections without hurting growth, distorting markets, or adding pressure on Filipinos and businesses.
