Saturday, 10 January 2026, 8:30 am

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    BIR sues Wawao Builders over ‘ghost’ Bulacan project

    The Bureau of Internal Revenue (BIR) has filed criminal complaints before the Department of Justice against a major flood-control contractor over an alleged P48.39-million tax deficiency linked to a ghost project in Malolos City, Bulacan.

    Rice prices seen stable as import controls lapse; DA rolls out farm road tracker

    The Department of Agriculture (DA) said rice prices should remain stable even after the rice import ban ended last month, citing strong local production and adequate supply.

    SEC approves LUECO direct public offering

    The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of La Union Electric Co. Inc. (LUECO), making it the second company to register under the regulator’s streamlined rules for power generation and electricity service providers.

    Eala claims spot in quarterfinals of Auckland tournament

    Filipina tennis star Alexandra Eala barely allowed the clock to catch its breath at the ASB Classic on Thursday, needing just 63 minutes to dismantle Croatia’s Petra Marcinko 6-0, 6-2 and stride into the quarterfinals of the WTA 250 event, her first of the 2026 season.

    CAMPI presses gov’t on auto incentives

    The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has urged the government to immediately release long-delayed incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program and to fast-track the rollout of its successor, the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program.

    Just in

    DOT, DOF untangle tourism tax rules

    The Department of Tourism (DOT) and the Department of Finance (DOF) are moving to calm nerves across the travel industry, forming a technical working group (TWG) to address tax concerns triggered by a sweeping new revenue regulation.

    Investor pullback seen behind rise in unemployment

    The privately owned umbrella group Employers Confederation of the Philippines (ECOP) said the recent rise in unemployment is largely due to the corruption scandal that has shaken investor confidence in the country.

    IR Impact names SM Investments’ annual report best in region

    SM Investments Corporation, the parent company of the SM Group, was named Best Annual Report at the IR Impact Awards – Southeast Asia held in December 2025. The award recognizes the company’s strong reporting and disclosure practices, particularly its integrated report, which clearly explains its business strategy, performance, governance, and long-term plans for creating value.

    Mitsubishi seeks to fast-track CARS claims

    Mitsubishi Motors Philippines Corp. (MMPC) said it will work closely with government agencies to ensure the swift processing and release of its incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program, following President Ferdinand Marcos Jr.’s veto of the program’s proposed 2026 budget allocation.
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