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Online marketplace should start collecting withholding tax from merchants—BIR

The Bureau of Internal Revenue said Tuesday the electronic marketplaces operating in the country such as Shoppee and Lazada should start imposing withholding tax on sellers and merchants using their online platform.

Five-month remittances rise 3% to $14.89 billion

The personal remittances of overseas Filipinos in the first five months this year rose 3.0 percent to USD 14.89 billion from only USD14.46 billion in the year-ago period, the Bangko Sentral ng Pilipinas said on Monday.

Air Asia taking full advantage of emerging travel trend dubbed ‘travel journey’

AirAsia Philippines reported a surge in bookings in the first seven months of 2024, fueled in part by the itinerant tendencies of tech-savvy Gen Z and Millennial travelers. 

Wider rice sale at P29 a kilo may include areas outside Luzon by Aug — DA chief

Agriculture Secretary Francisco P. Tiu Laurel, Jr. said Friday that government will expand coverage of the P29 rice program to include areas outside of Luzon by next month. 

Del Monte Pacific tells SGX it could effectively manage its debts

Del Monte Pacific Ltd. expressed confidence it could timely and effectively manage its financial obligations after the Singapore Exchange Securities Trading Ltd., or SGX, raised concerns about its current liabilities exceeding the amount of its current assets by USD417.3 million and other financial indicators.

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