Starting July 2025, banks in the Philippines began implementing a uniform 20% final withholding tax (FWT) on all interest income from bank deposits. Read more »
Davao City has retained its position as one of the wealthiest local government units in the Philippines, according to the Commission on Audit’s (COA) 2023 financial report. Read more »
A PHP17 billion airport will be built to replace the current Dumaguete airport to accommodate the estimated 2.5 million passengers by 2038, according to the Department of Transportation (DOTr). Read more »
The Philippines is poised to receive a significant boost in its climate resilience efforts with a $10-million grant from the Green Climate Fund (GCF). This funding, aimed at enhancing the government's capacity to combat climate hazards, marks a pivotal step in the nation’s ongoing commitment to sustainable development and climate adaptation. Read more »
