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Philippine borrowing cost now at three-year-low 4.5% after rate cut

Lois Calderon — Thu, 11 Dec 2025 11:08:54 +0000

Manila, Philippines – The Bangko Sentral ng Pilipinas (BSP) has delivered a widely expected rate cut at its last policy meeting for the year saying the economy will need some support from lower borrowing costs. The benchmark policy rate now stands at 4.5 percent, a three-year-low after the policymaking Monetary Board slashed it by a

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‘Empty’ BIR monitoring system alarms senators

Eimor Santos — Thu, 11 Dec 2025 09:57:16 +0000

Metro Manila, Philippines – At least two senators have flagged the curious case of the Bureau of Internal Revenue’s integrated system, which they said is reportedly empty — making it difficult to verify tax assessments and payments. Senate President Pro Tempore Panfilo “Ping” Lacson highlighted the issue regarding the Internal Revenue Integrated System (IRIS) during

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After PhilHealth ruling, return of P107.23-B PDIC fund also sought

NewsWatch Plus staff — Mon, 08 Dec 2025 10:47:20 +0000

Manila, Philippines – There’s an elephant in the room that is being ignored, and it is bigger than the P60-billion public funds taken from the Philippine Health Insurance Corp. (PhilHealth), a former solon said on Monday. The P107.23 billion in “excess funds” of the Philippine Deposit Insurance Corporation (PDIC) covering 2024, but remitted to the

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Inflation cools to three-month low despite higher utility, fuel costs

Lois Calderon — Fri, 05 Dec 2025 09:16:43 +0000

Manila, Philippines – Inflation, or the pace at which consumer prices rise, cooled to a three-month low in November, as softer food inflation offset the price pressures from a round of oil price hikes and higher tariffs for water and power. The inflation print last month was 1.5 percent, slowing from October’s 1.7 percent and

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TV-5 pulls the plug on content deal with ABS-CBN

Lois Calderon — Fri, 05 Dec 2025 02:27:29 +0000

Manila, Philippines – Erstwhile industry allies TV-5 of businessman Manuel V. Pangilinan and listed broadcaster ABS-CBN Corporation of the Lopez group locked horns over a revenue-sharing deal that fell through. TV-5 has pulled the plug on a content partnership agreement that gave ABS-CBN programs – among them the TV series “Batang Quaipo” top-billed by action

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Building classrooms in every BDO credit card spend

NewsWatch Plus staff — Thu, 04 Dec 2025 03:56:15 +0000

Manila, Philippines – The classroom backlog in public education is a staggering 150,000 or more, said Education Secretary Sonny Angara. And he has won over some of the country’s biggest brands to somewhat plug that gap. On Wednesday, Dec. 3, BDO, the listed banking giant led by tycoon Henry Sy, has launched a credit card

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BSP drops hints ahead of Dec. 11 rate-setting meet

NewsWatch Plus staff — Wed, 03 Dec 2025 08:54:27 +0000

Manila, Philippines – A rate cut is “not assured” when the policymaking Monetary Board meets next week, but a cooling economy at a pace below desired would be a factor in where borrowing costs will go, Bangko Sentral ng Pilipinas Governor Eli Remolona, Jr. said on Wednesday, Dec. 3. The central bank is scheduled to

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House panel approves estate tax amnesty extension

Lois Calderon — Wed, 26 Nov 2025 11:55:40 +0000

Metro Manila, Philippines – A bill giving heirs more time to avail of an estate tax amnesty has been approved by the House committee on ways and means on Thursday, Nov. 26. In a statement, committee’s chairperson and Marikina 2nd District Rep. Miro Quimbo said the legislation extends the filing period until Dec. 31, 2028.

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Gov’t reviewing ₱500K daily cap on cash withdrawals

Eimor Santos — Thu, 13 Nov 2025 09:50:36 +0000

Metro Manila, Philippines – Economic managers said the Bangko Sentral ng Pilipinas (BSP) is reviewing its policy limiting daily cash withdrawals to ₱500,000, admitting it was a “knee-jerk reaction” to reports of suspicious transactions linked to the flood control corruption scandal. The officials disclosed this to Senate finance committee chairman Senator Win Gatchalian on Thursday,

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DOE: Big-time hike on fuel prices seen in first week of November

NewsWatch Plus Staff — Fri, 31 Oct 2025 04:14:59 +0000

Fuel prices are seen to have another huge increase in the first week of November, the Department of Energy (DOE) said on Friday.

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