IMF warns fuel tax cuts favor upper-income households
‘We do not recommend to mute the signal for gasoline because high income households that can afford to pay higher gasoline prices will also benefit,’ he said,…
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‘We do not recommend to mute the signal for gasoline because high income households that can afford to pay higher gasoline prices will also benefit,’ he said,…
· 2 MIN READ
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
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IMF and ADB expect the BSP to maintain a tightening bias as Middle East conflict, rising rice prices and weather risks add pressure to Philippine inflation.
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The International Monetary Fund (IMF) and Asian Development Bank (ADB) expect the Bangko Sentral ng Pilipinas (BSP) to maintain its monetary policy tightening…
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The IMF has lowered its Philippine growth forecasts for 2026 and 2027, citing weaker-than-expected public investment, delayed infrastructure spending, subdued…
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The International Monetary Fund (IMF) has slashed its gross domestic product (GDP) forecasts for the Philippines in 2026 and 2027, citing delays in government…
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The Department of Finance (DOF) and the International Monetary Fund (IMF) are working to integrate a new forecasting model into the department’s existing…
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The BIR and IMF are strengthening the Philippines’ tax compliance system through data-driven risk management, focusing on high-risk sectors and improving…
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The Bureau of Internal Revenue (BIR) and the International Monetary Fund (IMF) are working to strengthen the agency’s Compliance Risk Management (CRM) system…
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ADB and IMF have sharply cut their 2026 Philippine GDP growth forecasts as Middle East conflict-driven energy price shocks weigh on domestic demand, tourism…
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Global institutions including the IMF, World Bank, IEA and WTO warn that the Middle East conflict is triggering an energy shock, threatening global economic…
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Global oil inventories are rapidly depleting ahead of peak summer oil demand in the Northern Hemisphere.
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The IMF warns that rapidly advancing AI tools are intensifying cyber risks to global finance, with AI-driven attacks capable of bypassing existing defenses and…
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Half of the Gulf countries are expecting a contraction this year.
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‘Despite geopolitical tensions and heightened uncertainty, we will stay the course in stabilizing the economy and strengthening social protection to sustain…
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The Marcos Jr. administration remains confident of hitting upper-middle-income status and cutting poverty despite the IMF’s downgraded Philippine growth…
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‘As AI and digital technologies transform today’s workplace, new skills, new tasks, and entirely new occupations are rising even as other roles are…
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The IMF urges the Philippines to strengthen anti-money laundering and counter-terrorism financing measures, including amending decades-old bank secrecy laws,…
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