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BIR tightens risk-based audits to give taxpayers certainty 

Businesses are set to face a more targeted tax audit system as the Bureau of Internal Revenue (BIR) shifts taxpayer selection toward measurable compliance risks and tightens rules governing revenue examinations.

TPB urges MICE industry to turn opportunities into gains

The Tourism Promotions Board (TPB) Philippines is urging the local meetings, incentives, conferences, and exhibitions (MICE) industry to turn growing opportunities for business events into actual bookings and broader economic gains as competition across the region intensifies.

Toyota, Lexus extend ASEAN 2026 mobility partnership

Toyota Motor Philippines Corp. (TMP) is using the Philippines’ hosting of the 49th ASEAN Summit to showcase Lexus hybrid vehicles while extending a mobility partnership that puts its, premium brand at the center of official transport for visiting leaders.

ACPC speeds zero-interest loans for flood affected farmers and fishers

The Agricultural Credit Policy Council (ACPC) is simplifying access to emergency financing for farmers and fisherfolk hit by recent flooding, offering zero-interest, collateral-free loans that could be credited on the day of approval.

PAGCOR strengthens player safeguards as gaming grows 

The Philippine Amusement and Gaming Corp. (PAGCOR) is strengthening player protection measures, including a 24/7 problem gambling helpline, as gaming becomes an increasingly important part of the country’s leisure and tourism industry.

Just in

BIR sets year-end deadline for e-invoicing compliance

Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.
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