“Will VAT removal lower electricity prices? It will,” says Energy Secretary Sharon Garin. She, however, stressed that the proposal needs further evaluation, noting that the decision does not rest with the Department of Energy. PHOTO COURTESY OF GMA NEWS

DOE backs VAT removal on electricity, but calls for study

THE DEPARTMENT of Energy (DOE) supports proposals to remove the value-added tax (VAT) on electricity as part of efforts to ease the burden on...
Food prices accounted for the largest share of the uptick in inflation in April 2027 at 37.3 percent, rising to 6 percent from 2.9 percent the previous month. JERRY TREÑAS/FACEBOOK PHOTO

Inflation spikes further to 7.2% in April on oil crisis spillover

Inflation in the Philippines climbed further to a three-year high of 7.2 percent in April. This, as spillover effects from the energy crisis intensified...

PhilHealth rolls out ‘YAKAP para sa Manggagawa’

THE PHILIPPINE Health Insurance Corporation (PhilHealth) Regional Office 6 launched on May 1 “YAKAP para sa Manggagawa: Yakap sa Pamilyang Pilipino,” a service initiative...
Richmonde Hotel Iloilo is among the renowned brands participating in the Summer Online Sale from April 24 to May 24, 2026.

Hotel, resorts slash rates in ongoing month-long sale

HOTELS and resorts in various destinations are offering huge markdown in rates and packages in an ongoing sale led by the Hotel Sales and...
The National Food Authority has increased its buying price for dry palay and will intensify procurement in areas where prices have sharply declined to help stabilize the palay market. PHOTO COURTESY OF GMA NEWS

DA moves to stabilize palay prices nationwide

THE DEPARTMENT of Agriculture (DA) is ramping up efforts to protect farmers as prices of palay dropped in several key producing provinces. During a...
“Our focus on operational efficiency, prudent cost management and careful capital allocation continues to underpin the resilience of our business. As we progress with strategic expansions across our network, we remain committed to maintaining financial discipline and executing our long term strategy to deliver sustainable value for our shareholders,” says Enrique K. Razon Jr., chairman and president of International Container Terminal Services, Inc. ICTSI PHOTO

ICTSI Q1 2026 recurring net income up 29% to US$308.27M

THE INTERNATIONAL Container Terminal Services, Inc. (ICTSI) delivered a robust start to 2026, with double digit growth in revenues, Before Interest, Taxes, Depreciation and...

“Ito ang panahon para tulungan ang Pilipino” — Bong Go sustains call for improved...

Emphasizing that out-of-pocket expenses continue to burden Filipinos despite enactment of the Universal Health Care Law, Senator Christopher "Bong" Go said the expanded maternity...
(From left) Mr. Jeremias Juan, General Manager for Sales Operations, Hyundai Philippines; Mr. Sean Lester Marquez, Sales Consultant, Hyundai Iloilo; Mr. Franklin Mesa Jr., Sales Consultant, Hyundai Iloilo; and Ms. Iris Molina, General Manager, Hyundai Iloilo.

Hyundai Iloilo sales consultants earn recognition at 2026 Dealer of the Year Awards

ILOILO City — Hyundai Motor Philippines Inc. (HMPH) honored the outstanding performance of its nationwide dealer network during the 2026 Hyundai Dealer of the...
Customers buy rice priced from P40 to P65 per kg. at a stall at the Paco Public Market in Manila. The Department of Agriculture is considering a P50-per-kg. price cap on imported rice to temper rising costs, with prices in some markets reaching P60 to P65 due to higher freight rates linked to the Middle East conflict. PNA

Imported-local rice blend sale eyed to temper prices

THE DEPARTMENT of Agriculture (DA) is planning to launch the trial sale of blended imported and local rice in select retail outlets this month,...

PH banks keep lending rules unchanged despite war impact

Most Philippine banks expect to keep their lending standards unchanged in the second quarter of 2026, a sign that credit growth may continue to...