Workers unload sacks of rice from a trailer truck. The Philippines posted a trade deficit of $3.95 billion in June. — PHILIPPINE STAR/MIGUEL DE GUZMANTHE Philippines’ trade-in-goods deficit narrowed to $3.95 billion in June, as double-digit export growth was driven

Travelers wait to check in at a counter at the Ninoy Aquino International Airport Terminal 3. — PHILIPPINE STAR/RYAN BALDEMORBy Aubrey Rose A. Inosante, Reporter ANALYSTS are urging the Philippine government to abolish the “outdated” travel tax, but the Department of

Commuters get off a train at a Light Rail Transit (LRT) Line 1 station. — PHILIPPINE STAR/RYAN BALDEMORBy Adrian H. Halili, Reporter PHILIPPINE EMPLOYERS expect to see a decline in their salary budgets in 2026, which could affect potential pay hikes

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits continued to drop on Wednesday, even as the shorter tenor went undersubscribed, following signals of a potential rate cut next month. The central bank’s term deposit facility (TDF) fetched bids amounting

BANGKO SENTRAL ng Pilipinas Deputy Governor Bernadette Romulo-Puyat — BSP FACEBOOK PAGETHE BANGKO Sentral ng Pilipinas (BSP) is set to issue new guidelines this year that will allow banks to offer their customers insurance products from multiple providers. “A draft circular

BW FILE PHOTOTHE Supreme Court (SC) has ruled that the income taxes of private contractors in the Malampaya natural gas project are included in the government’s 60% share of the project’s net proceeds, effectively reversing a Commission on Audit (CoA)

BANKS may see changes in their deposit base as clients could reallocate their funds following the removal of tax perks for long-term deposits under the Capital Markets Efficiency Promotion Act (CMEPA), analysts said. However, the impact on lenders’ funding and