Applicants line up for screening and on-the-spot interviews during a local recruitment activity in Iloilo City. The job fair brought together employers and job seekers as part of efforts to expand employment opportunities amid improving labor market conditions.

PH employment rises to 50.66 million in June

Business Panay News -
THE NUMBER  of employed Filipinos increased to 50.66 million in June 2026, up from 49.63 million in May, according to the latest Labor Force...
The National Grid Corporation of the Philippines placed the Visayas grid under yellow alert from 3 p.m. to 8 p.m. on Wednesday, June 10, 2026. NGCP PHOTO

Visayas grid placed under yellow alert anew amid coal plant outages

Business Panay News -
THE VISAYAS power grid was placed under a yellow alert for four hours on Thursday as five major coal-fired power plants remained offline, tightening...
Food inflation remained steady at 5.3 percent, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.in July 2026. Photo shows officials from the Department of Trade and Industry and the Department of Agriculture conducting inspection at the New Las Piñas City Public Market on August 4, 2026. DTI PHOTO

PH inflation slows to 6.2% in July amid measures to stabilize prices

Business Panay News -
EASING transport costs, improved supply conditions and government measures helped slow inflation to 6.2 percent in July this year from 6.4 percent in June. Data...
The number of VAT-exempt medicines is now at 2,277, including 14 newly added medicines. This expanded coverage helps reduce out-of-pocket medical expenses, particularly for Filipinos undergoing long-term treatment for chronic and life-threatening illnesses. INQUIRER STOCK PHOTO

BIR expands list of VAT-exempt medicines

Business Panay News -
THE BUREAU of Internal Revenue (BIR) on Wednesday, August 5, announced it has expanded the list of value-added tax (VAT)-exempt medicines as part of...
The First Energy Transition and Climate Resilience Development Policy Loan will help accelerate energy transition and increase resilience to climate in the Philippines. PHOTO COURTESY OF PNA

WB urges PH to widen tax base as spending needs grow

Business Panay News -
THE WORLD Bank (WB) urged the Philippines to broaden its tax base, saying stronger revenue collection is essential to meet the growing fiscal demands...
The Bangko Sentral ng Pilipinas has already moved to tighten policy in response to the global oil shock tied to the US-Israel war with Iran, now in its second month. It raised its key policy rate by a quarter point to 4.5 percent at its April 23 meeting. BSP PHOTO

BSP: ‘Hot money’ inflow shrank 27% to $170M in June

Business Panay News -
FOREIGN investors remained buyers of Philippine government securities in June but sold local stocks at a faster pace, reflecting a flight to safer investments. Data...
Taxpayers file their Annual Income Tax Returns at the Taxpayer Excellence Lounge, Bureau of Internal Revenue office in Intramuros, Manila on May 15, 2026. INQUIRER PHOTO / NIÑO JESUS ORBETA

Tax hikes eyed to offset relief for workers, small biz

Business Panay News -
THE MARCOS administration is weighing a series of tax increases — including higher levies on sweetened drinks, tobacco and alcohol, single-use plastics and wealth...
Energy Secretary Sharon Garin says that out of the 10,000-megawatt (MW) goal, the energy sector would complete 4,100 MW this year. By 2030, the Philippine government hopes to scale renewables share in the electricity generation mix to 35 percent from the current 25 percent. DEPARTMENT OF ENERGY/FACEBOOK PHOTO

DOE confident 10,000 MW of new power capacity in place by 2028

Business Panay News -
THE DEPARTMENT of Energy (DOE) is confident that it will meet the Marcos administration’s target of boosting the power sector with an additional 10,000...
The Philippines' rice imports breached three million metric tons as of August 3, 2026, while local harvest is about to begin in the "ber" months. According to the Department of Agriculture, the country needs to beef up its buffer stocks of rice in preparation for the effects of El Niño come January to April 2027. INQUIRER.NET FILE PHOTO

DA: No rice import ban as PH braces for strong El Niño

Business Panay News -
THE PHILIPPINES is not keen on imposing a ban on imported rice as the country prepares for the food supply impact of the strong...
A warehouse staff member inspects sacks of palay bought from farmers by the National Food Authority (NFA) in Balagtas, Bulacan in an undated photo. The NFA says a total of 741,570 bags of local milled rice aged over six months will be up for auction on August 12, 2026. PNA PHOTO BY JOAN BONDOC

NFA reopens auction for over 700K bags of aging rice

Business Panay News -
THE NATIONAL Food Authority (NFA) has placed again over 740,000 bags of aging rice stocks up for auction on August 12 after failing to...
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