Malaya Business Insight

The Malaya, or Malaya Business Insight, is a major broadsheet newspaper based in the Philippines. Its headquarters are located in Intramuros, Manila, and it is owned by People's Independent Media Inc. This newspaper is recognized for its role in opposing the presidency of Ferdinand Marcos.

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#351621

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#6419

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#138

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World Bank to PH: Unlock private sector potential to fuel economic growth

4 days ago | malaya.com.ph | Angela Celis

Boosting private sector activity and creating more jobs will be crucial for the Philippines to sustain inclu-sive economic growth amid growing global uncertainty and domestic risk, the World Bank said in its lat-est Philippine Economic Update released on Thursday. The Washington-based agency kept its growth forecasts for the Philippines at 5.3 percent, 5.4 percent, and 5.5 percent for 2025, 2026 and 2027, respectively.
BIR warns of possible 2025 goal reduction given slower Q1 growth

5 days ago | malaya.com.ph | Angela Celis

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the agency may revise its P3.2-trillion collection target for 2025 lower following the slower-than-expected economic growth in the first quarter. Speaking at the Kapihan sa Manila Bay forum on Wednesday, Lumagui said discussions are ongoing on whether to recalibrate the goal in light of recent data for gross domestic product (GDP). “It’s possible, given that our collection target is based on GDP growth.
ED Council approves 10-yr extension of Maynilad, Manila Water concessions

5 days ago | malaya.com.ph | Angela Celis |Jed Macapagal

THE Economy and Development (ED) Council, formerly known as the National Economic and Development Authority (NEDA) Board, approved on Wednesday the 10-year extension of the concession agreements for Maynilad Water Services, Inc. and Manila Water Company, Inc.
BCDA turns over record P5.17B to treasury, draws praise from DOF - Malaya Business Insight

6 days ago | malaya.com.ph | Angela Celis

Finance Secretary Ralph Recto lauded the Bases Conversion and Development Authority (BCDA) for remitting a record P5.17 billion to the national treasury, calling it a “dividend for development” that strengthens public services without burdening taxpayers. In a statement issued on Tuesday, Recto said: “This amount is not a mere number in our ledger.
PH committed to adopting crypto reporting framework — DOF - Malaya Business Insight

6 days ago | malaya.com.ph | Angela Celis

‘Crypto asset users must pay tax’The Department of Finance (DOF) has affirmed the Philippines’ commitment to adopt a global reporting framework for crypto assets in a bid to curb cross-border tax evasion and illicit financial flows. Under this framework, crypto asset users must pay their fair share of tax, the DOF said on Tuesday.
DA rolls out P20/kg rice in Siquijor

6 days ago | malaya.com.ph | Jed Macapagal

The Department of Agriculture (DA) launched the pilot sale of the P20-per-kilogram rice in the remote island province of Siquijor on Tuesday. Agriculture Secretary Francisco Tiu Laurel Jr. said the pilot test of the P20/kg rice program in the province would provide crucial insights into the logistical and community challenges of delivering to remote and underserved areas of the country.
BIR pledges help in 'ease of doing business' in PH

6 days ago | malaya.com.ph | Angela Celis

The Bureau of Internal Revenue (BIR) has committed to enhancing the ease of doing business in the country to attract more local and foreign investments through its role in the Investment Facilitation Network (INFA-Net). The network is a coalition of state agencies tasked with promoting investment in the country. BIR Commissioner Romeo Lumagui Jr. said on Tuesday he had directed all BIR offices to prioritize and assist local and foreign strategic investments.
T-bonds fetch higher rates; 10-yr securities partially awarded

6 days ago | malaya.com.ph | Angela Celis

The Bureau of the Treasury (BTr) partially awarded the 10-year treasury bonds at the auction on Tuesday as investors sought higher rates. The average yield for securities with a remaining term of nine years and 10 months was capped at 6.428 percent, which the BTr attributed to “muted market demand and higher submitted bid rates.”Under a full award, the rate would have been 6.432 percent. The comparable previous average was 6.226 percent, while the Bloomberg Valuation Service rate was 6.38 percent.
Govt reminds GOCC officials to submit courtesy resignation by June 20

1 week ago | malaya.com.ph | Angela Celis

THE Governance Commission for Government-Owned or-Controlled Corporations (GCG) has reminded officials of GOCC governing boards to submit their courtesy resignations in compliance with the earlier directive of President Ferdinand Marcos Jr. calling for heads of agencies to do so.
SRA: Sugar output to breach 2M MT in current crop year

1 week ago | malaya.com.ph | Jed Macapagal

Sugar production for the current crop year is likely to breach 2 million metric tons (MT) and exceed production from the previous crop year, the Sugar Regulatory Administration (SRA) said on Monday. Based on field reports, current sugar production for the crop year 2024 to 2025, has so far exceeded the initial projection of 1.782 million MT and the pre-final estimate of 1.840 million MT, SRA Administrator Pablo Luis Azcona said in the agency’s statement.