Top News
BIR files case vs. Alice Guo over ₱1B tax deficiency; five criminal tax cases total ₱1.46B
The Bureau of Internal Revenue (BIR) has filed a criminal case with the Department of Justice against Alice Leal Guo for alleged tax evasion and failure to file Annual Income Tax Returns for taxable years 2019 to 2023, involving an estimated income tax deficiency of more than P1.008 billion, inclusive of surcharges and interest.
Electricity spot market rates jump 38% in May
Electricity prices across the Wholesale Electricity Spot Market (WESM) rose by 38.5 percent in May, according to data released Wednesday by the Independent Electricity Market Operator of the Philippines (IEMOP).
Government freezes prices, boosts earthquake recovery aid
In the wake of the 7.8-magnitude earthquake that hit parts of Mindanao, the government has imposed a 60-day price freeze and activated emergency livelihood support in affected areas, aiming to stabilize access to essentials while speeding up community and business recovery.
China, North America drive Philippines Jan-May tourism growth
Strong gains from China and North America helped propel international visitor arrivals to the Philippines in the first five months of 2026, offsetting a decline from South Korea and keeping the country's tourism recovery on track.
Jobless rate rises, underemployment worsens in April
The Philippines' unemployment rate rose to 4.7 percent in April as the economy failed to keep up with the increase in the number of Filipinos joining the workforce.
