The Philippine economy is expected to grow between five and six percent in 2026, the Department of Finance (DOF) said, slightly lower than earlier projections. Read more »
Quezon City has been honored as a Hall of Fame awardee by the DOF-BLGF for consistently ranking first in Locally Sourced Revenues among all cities in the Philippines from 2020 to 2024. Read more »
Cebu Province has been recognized as one of the country’s top-performing local governments in fiscal management, ranking second nationwide among all provinces in locally sourced revenues (LSR) for 2024. Read more »
A measure to reduce the value-added tax (VAT) on goods and services from 12% to 10% has been filed in the House of Representatives, with the goal of providing relief to Filipino consumers facing rising prices. Read more »
Starting July 2025, banks in the Philippines began implementing a uniform 20% final withholding tax (FWT) on all interest income from bank deposits. Read more »
Davao City has retained its position as one of the wealthiest local government units in the Philippines, according to the Commission on Audit’s (COA) 2023 financial report. Read more »
