Tag: BIR

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PMFTC says BIR crackdown curbs illicit cigarette trade

Philip Morris Fortune Tobacco Corp. (PMFTC) said intensified enforcement by the Bureau of Internal Revenue (BIR) and other government agencies has helped reduce illicit cigarette trade, potentially limiting tax leakages from untaxed tobacco products.

BIR cockpit raids put betting machines under scrutiny

The latest raids by the Bureau of Internal Revenue on cockpits across Metro Manila and nearby provinces have put an increasingly lucrative, but largely opaque, revenue stream under the taxman’s microscope.

BIR expands VAT-free medicines to lower healthcare costs

The Bureau of Internal Revenue (BIR) has expanded the list of value-added tax (VAT)-exempt medicines to 2,277 products, broadening tax relief for patients with chronic and life-threatening illnesses as the government seeks to make essential healthcare more affordable.

BIR readies for Marcos tax reforms as bills advance

The Bureau of Internal Revenue (BIR) is gearing up for the Marcos administration's proposed tax reforms, preparing its systems and processes ahead of congressional approval to ensure quicker implementation once the measures become law.

BIR clears confusion over revised withholding tax rules

The Bureau of Internal Revenue (BIR) has issued fresh guidance to help businesses correctly apply revised creditable withholding tax (CWT) rules, ending months of uncertainty for thousands of large companies covered by the new regulations.

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Globe: Build connectivity into homes from day one

At the Subdivision and Housing Developers Association Convention, Globe presented connectivity as a fundamental component of modern housing rather than an auxiliary service.

Housing market softens as regional divergence hits record slowdown 

Residential property prices across the country experienced a significant cooling period in the second quarter of 2026, registering their slowest year-on-year growth rate since tracking began in 2019, according to the Bangko Sentral ng Pilipinas (BSP). While property values in the National Capital Region continued to expand, this upward momentum was dragged down by a widespread price drop in regions outside the capital. The downturn, the BSP noted, was most pronounced in regions beyond Greater Manila, marking the first time overall prices outside the capital region have contracted on an annual basis and signaling a clear shift in the country's housing dynamics.

ICTSI takes full ownership of Brazil Logistics subsidiary  

International Container Terminal Services Inc. (ICTSI) is taking full ownership of its Brazilian logistics unit iTracker Logistica Inteligente, acquiring the remaining 30 percent stake in a move that expands its control of the intermodal business serving the Port of Rio de Janeiro.

E3 2026 gains strong industry backing ahead of October WTCMM Expo

E3 2026 gains strong industry backing ahead of October WTCMM Expo Corporate bulletin Event Experience Expo (E3) 2026 is drawing wide support across the MICE sector, with leading firms signing on as partners and sponsors for the October 28–29 event at World Trade Center Metro Manila. The growing roster covers event tech, production, AV, staging, build, logistics, creative services, F&B and more, representing every part of bringing events from plan to reality. WTCMM Chairman and CEO Pamela D. Pascual said modern events must build meaningful connections, drive business, and keep pace with changing tech and expectations. This broad participation shows the value of one shared platform, making E3 a marketplace where buyers find solutions and suppliers showcase expertise, share ideas, and create new opportunities. Official partners are Jublia AI, Geyme, Philippine Daily Inquirer, and Inquirer Business and Inquirer.net. Gold Sponsors include Tourism Promotions Board, Sound Check, Stage Riggers, Video Sonic, Maxione Production, PMX, Go Live Asia, Cityneon, Event Solutions, Ovation Productions, and Westlines Design Technologies. Silver Sponsors are Xstatic, Creativents, Wildsfire, Projection X Events, Starxpo, Confetti Effects, Chamber of Furniture Industries of the Philippines, Precision, IMMRVS Asia, and Straight Up Advertising. Beyond exhibits, E3 offers business matching, buyer engagements, and masterclasses on new tech, trends, and planning best practices. It aims to become the Philippine events sector’s regular hub while expanding regional links. Hosted and organized by WTCMM, the expo runs October 28–29, 2026. WTCMM brings over 26 years of experience, is the country’s first UFI-recognized venue, ISO-certified, DOT- and TPB-accredited, and a member of TCP and PACEOS.

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