Palace Pushes Tax Reforms to Sustain ₱19.39T Debt Management
The Philippine government is grappling with a record ₱19.39 trillion debt as of end‑July 2026. Malacañang has moved quickly to reassure the public, emphasizing that the country’s debt remains manageable under current structures. “Most government borrowings have long‑term repayment schedules, allowing the state to gradually settle principal and interest,” Palace Press Officer and Presidential Communications Office Undersecretary Claire Castro said. This statement highlights […]
BSP Introduces Centralized QR Merchant Database
The Bangko Sentral ng Pilipinas (BSP) has released a draft circular proposing new regulations to reinforce integrity controls in payment transactions. The proposal comes at a time when digital payments are surging, with QR Ph transactions alone growing exponentially across retail and merchant ecosystems. What the Draft Circular will Mandate The draft circular outlines stricter governance requirements for Operators of […]