Business

BIR streamlines VAT refund documentary requirements

By Anna Leah Gonzales | Philippine News Agency The Bureau of Internal Revenue (BIR) issued a memorandum circular streamlining the documentary requirements for value added tax (VAT) refund claims under the Corporate...

Meralco rates down in May

By Anna Leah Gonzales | Philippine News Agency The Manila Electric Company (Meralco) said Tuesday electricity rates in its franchise areas declined by P0.7499 per kilowatt hour (kWh) this May. In a statement...

PH economy sustains growth in Q1 2025

By Anna Leah Gonzales | Philippine News Agency The Philippine economy continued to grow in the first quarter of the year, surpassing other major economies in the region. In a briefing on Thursday,...

PH inflation drops to pre-pandemic low in April 2025

By Brian Campued The country’s overall inflation rate continued to slow down for the third straight month this year, dropping to 1.4% in April—which is also the lowest recorded since the 1.2%...

Inflation ‘to remain low’ in April 2025 — BSP

By Brian Campued The headline inflation in the country is projected to settle within the range of 1.3% to 2.1% in April, according to the Bangko Sentral ng Pilipinas (BSP). “Easing prices of...

OFW personal remittances post 2.7% annual growth in February

By Joann Villanueva | Philippine News Agency Money sent home by overseas Filipino workers (OFWs) grew by 2.7% on an annual basis in February 2025 to $2.72 billion from year-ago’s $2.65 billion,...
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