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The Bureau of Internal Revenue (BIR), under the direct supervision of newly minted Finance Secretary Frederick D. Go, on Monday announced the immediate and temporary suspension of all field audits and related operations, including the issuance of Letters of Authority (LOAs) and Mission Orders (MOs), following widespread taxpayer concerns over audit practices.

The country's retail sector is expected to grow 5.7 percent this year, reaching $110 billion, or P6.5 trillion, according to a new report from the USDA’s Foreign Agricultural Service (FAS) in Manila. Food and beverage sales will account for the biggest share, climbing 5.1 percent to $62 billion (3.65 trillion.

The Philippine Biodiesel Association (TPBA) is urging the government to weigh the full benefits of biofuels as lawmakers deliberate on House Bill 4151, or the Murang Langis Act, which would allow the President to suspend the mandated coco-biodiesel blend when blended diesel becomes at least five percent more expensive than pure diesel. The group said it recognizes the bill’s intention to protect consumers but stressed the need to assess its broader effects on motorists, farmers, and public health.

The Financial Stability Coordination Council (FSCC) has named the full mapping of corporate linkages across the Philippines as a central initiative for 2026—an effort it says is critical for understanding how financial shocks could spread through the economy.

The Stratbase Institute and the Embassy of Japan in the Philippines opened the first day of the Pilipinas Conference 2025 with a high-level forum on cyber resilience at The Peninsula Manila. Government leaders, diplomats, and cybersecurity specialists from across the Indo-Pacific tackled rising digital threats and urged coordinated regional action.