Search
Close this search box.

General

US Remittances Tax Proposal’s Impact on Philippine Economy Deemed Minimal

Manila: The United States’ plan to impose a tax on remittances sent by foreign workers, including a significant number of overseas Filipino workers (OFWs), is expected to have only a minimal impact on the Philippine economy, according to Malaca±ang. According to Philippines News Agency, the Department of Finance has indicated that the proposed tax would affect only 20 percent of the 4.4 million overseas Filipinos residing in the US. If enacted, the tax proposal is slated to take effect on January 1, 2026. Palace Press Officer Claire Castro noted in a briefing that while 41 percent of remittances are routed

DSWD Livelihood Program Empowers Beneficiaries Through Enhanced Skills and Economic Growth

Baguio: The Department of Social Welfare and Development’s (DSWD) Sustainable Livelihood Program (SLP) has been instrumental in equipping its beneficiaries with essential leadership and business management skills, in addition to enhancing their economic status. According to Philippines News Agency, Mary Ann Buclao, the promotive services division chief of the DSWD-Cordillera Administrative Region, emphasized the program’s role in transforming women into entrepreneurs. Buclao highlighted the importance of teaching beneficiaries how to manage and grow their businesses, which she described as the most critical component of the SLP. The program serves as an augmentation assistance to the Pantawid Pamilyang Pilipino Program (4Ps)

LTO and PCC Join Forces to Safeguard Land Transportation Sector

Quezon City: The Land Transportation Office (LTO) and the Philippine Competition Commission (PCC) have partnered to improve services and strengthen safeguards against anti-competitive practices in the land transportation sector. The memorandum of agreement (MOA) was signed by LTO Executive Director Greg Pua Jr., PCC Chair Michael Aguinaldo, and PCC Executive Director Kenneth Ta±ate at the LTO Central Office in Quezon City on Wednesday. According to Philippines News Agency, LTO Chief, Assistant Secretary Vigor Mendoza II, stated that the agreement aligns with President Ferdinand R. Marcos Jr.’s directive to enhance government services. Under the agreement, LTO and PCC will collaborate on

DTI Ensures Stability of Basic Goods Amidst Global Tensions

Manila: The Department of Trade and Industry (DTI) on Thursday assured a steady supply of basic goods, saying that it is also actively working with manufacturers to keep prices reasonable. According to Philippines News Agency, the DTI has intensified its nationwide price monitoring to ensure that prices of basic necessities and prime commodities remain stable amid international geopolitical tensions. This aims to prevent a possible increase in fuel prices due to the heightened conflict between Iran and Israel. ‘We understand that even slight increases in the prices of basic goods can be felt deeply by ordinary Filipino families. This is

Iloilo Allocates PHP110 Million for New Classrooms and School Facility Improvements

Iloilo: The Iloilo provincial government has allocated PHP110 million from its PHP250 million school board fund this year to construct new classrooms and enhance school facilities, marking a significant focus for Governor Arthur Defensor Jr. as he enters his final term. This investment highlights the administration’s commitment to addressing the pressing needs of the educational sector in the province. According to Philippines News Agency, Provincial School Board Secretary Freda Fajardo stated that the governor is also exploring the possibility of utilizing savings from the Special Education Fund (SEF) to construct additional classrooms. This comes in response to data from the

Recent Posts