Economy
BIR, Customs unite to cut exporters’ compliance costs
The country's two biggest revenue agencies are stepping up efforts to make exporting faster and less costly, with the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR) rolling out reforms aimed at cutting red tape, expanding digital services and improving the ease of doing business.
Rubio heads to Manila for crucial ASEAN diplomacy
US Secretary of State Marco Rubio will travel to Manila from July 19 to 23 for a series of high-level ASEAN meetings, placing the Philippines at the center of regional diplomacy as Washington seeks to reinforce its economic and security engagement in the Indo-Pacific.
VisMin MSMEs expand nationwide as Shopee sales soar
Micro, small and medium enterprises (MSMEs) in the Visayas and Mindanao are breaking free from geographic limits, with e-commerce helping provincial businesses win customers across the country and emerge as a growing force in the Philippine digital economy.
Philippines starts groundwork for global minimum corporate tax
The Philippines has taken its first concrete step toward adopting the OECD-backed Global Minimum Tax, laying the groundwork for a sweeping overhaul of how large multinational companies are taxed and signaling a new era in cross-border corporate taxation.
PEZA fast-tracks 30 new ecozones yearly expansion
The Philippine Economic Zone Authority (PEZA) is stepping on the gas, targeting the proclamation of 20 to 30 new economic zones every year as it banks on a wider network of investment hubs to drive jobs, exports and countryside growth.
