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BIR resets audits with tighter, fairer rules

The Bureau of Internal Revenue (BIR) is rebooting its audit regime, promising fewer surprises and more predictability for taxpayers as field audits officially resume. 

PLDT, Smart boost connectivity and experiences at Sinulog 2026

PLDT Inc. and Smart Communications, Inc. used digital technology to enhance the Grand Sinulog Festival 2026, offering improved connectivity, exclusive perks, and wider access to cultural and religious activities for Filipinos in Cebu and abroad.

Former Public Works chief leaves Petron board

After more than a decade of service, former Public Works Secretary Jose P. de Jesus is stepping down from the board of Petron Corporation, the country’s largest oil company. His resignation, effective end of January 2026, was for “personal reasons,” and Petron has yet to name a replacement.

Philippines pushes action-first ASEAN business agenda

The Philippines is steering the ASEAN Business Advisory Council (ASEAN–BAC) toward an action-first agenda, vowing to turn long-standing regional ambitions into measurable outcomes as it assumes the council’s chairship in 2026.

Philippine firms lag in cyber risk readiness as supply chain threats rise

Organisations in the Philippines are among the least prepared in the region when it comes to managing cyber risks from third-party vendors, according to new research by global cybersecurity firm BlueVoyant.

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URC eyes modest growth amid global risks

Universal Robina Corporation is aiming for mid-single-digit revenue growth this year despite concerns over global uncertainties, including tensions in the Middle East.

CLI 1Q profit drops 22%

Cebu Landmasters Inc. reported a 22 percent drop in net income in the first quarter, falling to P1.02 billion from P1.32 billion a year earlier.

F&B investors still eye PH expansion despite political, global risks

Foreign food and beverage (F&B) investors remain interested in expanding operations in the Philippines despite political uncertainties and global supply concerns, according to Food Industry Asia (FIA).

Luzon, Visayas grids stay under red and yellow alerts for second day

The Luzon and Visayas power grids remained under red and yellow alerts on Thursday as electricity demand continued to exceed available supply due to power plant outages and extreme heat-driven consumption.
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