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The Bureau of Internal Revenue (BIR) has tightened tax collection oversight in the Wholesale Electricity Spot Market (WESM), assigning the market operator direct responsibility for withholding and remitting taxes on electricity transactions in a move aimed at improving compliance and accountability.

The Bangko Sentral ng Pilipinas (BSP) has thrown its full support behind the Scam Ready ASEAN Program, a regional initiative designed to boost protection against online fraud, as the Philippine leg of the program kicked off at the central bank’s head office today.

Martha Sazon, president and CEO of Mynt, the parent company of GCash, has been named to Fortune’s Most Powerful Women Asia list for 2026, extending her run on the regional ranking to three consecutive years.

The Land Transportation Franchising and Regulatory Board (LTFRB) has denied the accreditation application of motorcycle taxi platforms GrabBike and Dingdong RiderKo, citing their failure to meet key regulatory hurdles following  the end of their pilot operations.

Chinese electric vehicle maker XPENG has enlisted actress and television host Anne Curtis as its first Philippine brand ambassador, using her mainstream appeal to help introduce its artificial intelligence-powered vehicles to a market where electric mobility is gaining traction.