The Bureau of Internal Revenue (BIR) is moving forward with its digital transformation initiative designed to modernize the country’s tax administration, consulting private-sector representatives to refine upcoming electronic invoicing guidelines. Led by BIR Commissioner Charlito Martin R....
The Bureau of Internal Revenue (BIR) is tapping conglomerate Ayala Corp. to develop an artificial intelligence (AI) tool aimed at streamlining tax legal research and regulatory reviews, accelerating processing times across the agency. BIR Commissioner Charlito Martin R. Mendoza and Ayala Data...
CITY OF MALOLOS—Bulacan Governor Daniel R. Fernando has challenged national authorities to account for P41 billion in flood‑control funds, asking why the province remains underwater despite massive allocations. “Where did the P41 billion budget go? Why is Bulacan still flooded?,” Fernando...
The Bureau of Internal Revenue (BIR) launched simultaneous enforcement operations targeting 11 cockpit arenas, part of an expanding nationwide drive to force unregulated gambling technology into compliance. During the Aug. 8 raids, the BIR said revenue enforcement officers uncovered 297 unrecorded...
Liza Soberano may be making her own mark internationally, but she is quick to acknowledge the Filipino artists who paved the way for talents like her to dream of making it big on the global stage. During a special media conference for her upcoming animated film "Forgotten Island" in Manila on Aug....
Japanese credit rating agency Rating and Investment Information, Inc. (R&I) expects Philippine economic growth to lag behind its 2025 pace as the country continues to bear the brunt of corruption-led infrastructure spending delays in 2026. This projection comes even as R&I affirmed the...
Liza Soberano and Filipino-American singer-songwriter H.E.R. are returning to the Philippines to promote their upcoming DreamWorks Animation film, "Forgotten Island." It is the first international stop of the film’s “Tayo Na!” series, featuring special events and screenings with members...
The Bangko Sentral ng Pilipinas (BSP) signaled it remains prepared to adjust monetary policy further as upside risks to inflation accelerate and spillover effects threaten to broaden across the economy. Speaking at a legislative budget briefing on Monday, Aug. 17, BSP Governor Eli M. Remolona Jr....
Only the gross income earned from assets attributable to a personal equity and retirement account (PERA)—not the entire account balance—will be subject to a 20-percent charge if accountholders opt to prematurely withdraw their contributions, the country’s top tax authority clarified. Amid...
Puregold Price Club Inc., one of the largest grocery retailers in the country, reported an 11 percent increase in consolidated net income for the first half of the year on the back of robust sales growth and expanding profit margins. In a regulatory filing with the Philippine Stock Exchange,...
Century Properties Group Inc. reported a three percent decline in first-half net income to ₱1.18 billion, as rising interest expenses and income taxes offset stronger operating margins and steady top-line growth. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenue...
The Bureau of Internal Revenue (BIR) collected ₱2.003 trillion in the first seven months of the year, surpassing its target for the period as stronger taxpayer compliance and administrative reforms boosted government revenue. In a statement, BIR Commissioner Charlito Martin R. Mendoza said that...
