Finance
New BIR chief maps out 5-year digital overhaul, anti-corruption drive
New Bureau of Internal Revenue (BIR) Commissioner Rolando Ligon Jr. is planning a five-year technology overhaul to modernize tax administration, close corruption vulnerabilities and improve compliance, while promising tougher enforcement against deliberate tax evasion.
BIR collections rise 5.6% to P2.81T, eyes P3T by November end
The Bureau of Internal Revenue (BIR) collected P2.814 trillion in taxes from January to October 2026, up 5.63 percent from a year earlier, and expects to breach the P3-trillion mark before November ends.
BCDA remittances more than double to P11.5B, ease taxpayer burden
The Bases Conversion and Development Authority (BCDA) has remitted P11.5 billion to the national government this year, up 173 percent from last year, giving the government more money for public services while easing the burden on taxpayers, Finance Secretary Frederick Go said.
SAFC extends P1.03 billion in loans to women entrepreneurs
SAFC has extended P1.03 billion in financing to 1,928 women entrepreneurs from June 2025 to October 2026 through its JUANAsenso Loan program, allowing business owners to use their vehicles as collateral while retaining them for daily operations.
BSP, GCash shift focus from account access to financial health
The Bangko Sentral ng Pilipinas (BSP) and GCash are urging financial institutions to shift their focus from simply opening accounts to helping Filipinos build savings, manage emergencies and gain access to insurance and investments.
