Temporary halt on BIR audits signals policy overhaul
The Bureau of Internal Revenue (BIR), under the direct supervision of newly minted Finance Secretary Frederick D. Go, on Monday announced the immediate and temporary suspension of all field audits and related operations, including the issuance of Letters of Authority (LOAs) and Mission Orders (MOs), following widespread taxpayer concerns over audit practices.
Agri damage from Tino, Uwan hits ₱5.16 billion
Agricultural losses from Tropical Storms Tino and Uwan have climbed to ₱5.16 billion, the Department of Agriculture (DA) reported on Monday.
Tie-up offers faster money transfers for OFWs
The Bank of the Philippine Islands (BPI) has teamed up with SingX Singapore Pte. Ltd. to offer Overseas Filipinos in Singapore, Hong Kong, and Australia a faster, more secure, and fully digital way to send money to the Philippines any time of day.
RCBC, Taptap Send in global remittance team up
Rizal Commercial Banking Corp. (RCBC) has partnered with international money transfer platform Taptap Send to widen remittance options for overseas Filipinos in the U.S., Canada, Europe, the U.K., the UAE, and Australia.
STI Holdings 1Q net income more than doubles to P619 million
STI Education Systems Holdings, Inc. (STI Holdings) reported a net income of P619.1 million for the first quarter of the fiscal year, covering July to September 2025. The company said the results were influenced by an earlier academic calendar and a new revenue recognition method, making year-on-year comparisons less direct.
