Business
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Business Page 2 of 8
BBM’s 2027 budget sets aside ₱2 billion to fill PNP vacancies, ₱6.2 billion for police stations
The Philippine National Police (PNP) will receive funding for 2,000 new patrolmen and patrolwomen, ₱2 billion to fill existing unfilled positions, ₱6.2 billion in capital outlay for police stations and headquarters, and a 10% increase in maintenance and operating expenses under the Marcos…
Marcos’ 2027 budget boosts AFP Modernization fund to ₱50B as PH ramps up military capability
The revised Armed Forces of the Philippines (AFP) modernization program receives ₱50 billion in the Marcos administration’s proposed 2027 national budget, up from ₱40 billion in the 2026 General Appropriations Act (GAA), Budget Secretary Kim Robert De Leon said Saturday. Likewise, De Leon said…
Marcos’ 2027 budget allocates ₱73.67 billion to fund higher pay for PH military, uniformed personnel
The Marcos administration’s proposed 2027 national budget sets aside ₱73.67 billion to fund the higher subsistence allowance for all 583,000 military and uniformed personnel, on top of a 5% base pay increase and a ₱2,000 monthly personnel economic relief allowance for all government workers…
2027 proposed budget keeps ₱10,000 teaching allowance for over 1 million public school teachers
The Marcos administration’s proposed 2027 national budget sets aside ₱10.3 billion to ensure that every public school teacher in the country receives a ₱10,000 annual teaching allowance, the former chalk allowance, renamed to reflect the reality that most classrooms no longer use chalk, Budget…
DBM: 135,000 public school teachers to be promoted next year as 2027 proposed budget doubles career progression fund to ₱12 billion
The Department of Budget and Management (DBM) has set aside ₱12 billion in the proposed 2027 national budget for the Expanded Career Progression program for public school teachers, double the ₱6 billion allocated this year. fulfilling President Marcos’ directive that no teacher should retire at…
Even the smallest Filipino town benefits from the Marcos administration’s ₱7.2 trillion 2027 proposed budget: DBM
Even a fifth-class municipality, the smallest and poorest classification of local government unit in the Philippines, receives multiple streams of funding from the Marcos administration’s proposed ₱7.2 trillion 2027 national budget, Budget Secretary Kim Robert De Leon said Saturday. De Leon made…
In plain terms, the DBM explains how the government’s ₱7.2 trillion 2027 budget is divided
The Department of Budget and Management (DBM) used a simple bilao—a winnowing basket—to explain how the Marcos administration’s proposed ₱7.2 trillion 2027 national budget is allocated. Roughly half of the budget goes to salaries and pensions, more than 20% to infrastructure, and the remainder…
‘Bawat Bayan Makikinabang’: Marcos administration’s ₱7.2 trillion 2027 proposed budget to benefit every Filipino in every corner of the country, says DBM chief
The Marcos administration’s proposed 2027 national budget of ₱7.2 trillion was built on one governing idea: that the money Filipinos contribute to government must find its way back to them as real, tangible services, Budget Secretary Kim Robert De Leon said Saturday. De Leon made the statement in…
Davao, Siargao, Bicol airports to be bundled for PPP, ensuring all three get private investment
The Department of Transportation (DOTr) will bundle the Davao, Siargao, and Bicol airports together for a single public-private partnership tender, ensuring that all three airports receive private investment and development even if some are less commercially attractive on their own, Transportation…
Trump renames Lake Ontario as ‘Lake America’ amid Canada trade war
U.S. President Donald Trump renamed Lake Ontario “Lake America” on Thursday, escalating a feud with Canada that has already spawned tariffs on tens of billions of dollars in cross-border trade. Trump’s executive order on Lake Ontario, one of the five Great Lakes of North America, applies to U.S.…
Canada slaps retaliatory tariffs on US goods worth $20 billion as trade war intensifies
Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of U.S. annual imports and rolled out aid for businesses and workers, matching Washington’s latest duties dollar-for-dollar. The counter-tariffs on U.S. goods take effect on September 8 and impose duties of 15%, 25% and…
Marcos administration secures €60M EU Green Economy Program grant for circular economy, climate action
The Marcos administration has secured a €60 million grant from the European Commission under the Green Economy Programme for the Philippines, covering circular economy, waste and plastic reduction, renewable energy, and climate change mitigation—one of the major international environmental…
DENR’s mobile one-stop shop aims to bring small-scale miners into the formal economy
The Department of Environment and Natural Resources (DENR) has launched a mobile one-stop shop that brings permitting and registration services directly to small-scale mining communities, as part of a push to formalize a sector that remains largely outside the regulated economy despite its…
BIR launches one-time tax abatement: micro businesses can clear ₱80,000 in liabilities for ₱5,000
The Bureau of Internal Revenue (BIR) has launched a One-Time Tax Abatement Program that allows micro taxpayers with annual gross sales of up to ₱3 million to clear up to ₱80,000 in pending tax liabilities and penalties per taxable year for a flat payment of just ₱5,000, BIR Commissioner Charlito…
Marcos raises income tax exemption to ₱350,000; micro and small businesses freed from minimum corporate income tax
President Ferdinand Marcos Jr. announced during his fifth State of the Nation Address (SONA) that the income tax exemption threshold will be raised from ₱250,000 to ₱350,000, giving workers a maximum additional take-home pay of ₱17,500, while micro and small businesses that are losing money or…