Economy
Economy seen rebounding in Q4, but full-year growth still below target
The Philippine economy is expected to grow faster in the fourth quarter, helping soften what has been a weak second half of the year, though full-year growth will likely remain below the government’s target.
Banks, DTI forge startup growth pact
Global financial institutions are deepening ties with the Department of Trade and Industry (DTI) to accelerate Philippine startup growth and expand innovation links across ASEAN and Japan.
PCC clears Japanese firm’s Cebu Landmasters deal
The Philippine Competition Commission (PCC) has approved the entry of Singapore-based NTT UD Asia Pte. Ltd. into Cebu Landmasters Inc.’s Luzon expansion vehicle, clearing the way for the foreign developer to acquire a 40-percent stake in CLI Luzon.
BIR fast-tracks incentives with dedicated RBE tax service
The Bureau of Internal Revenue (BIR) has launched a dedicated service for Registered Business Enterprises (RBE), a move aimed at translating the CREATE MORE Act’s incentives from policy into day-to-day practice.
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.
