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BIR tightens tax collection oversight in electricity spot market

The Bureau of Internal Revenue (BIR) has tightened tax collection oversight in the Wholesale Electricity Spot Market (WESM), assigning the market operator direct responsibility for withholding and remitting taxes on electricity transactions in a move aimed at improving compliance and accountability.

BSP backs ASEAN anti-scam program

The Bangko Sentral ng Pilipinas (BSP) has thrown its full support behind the Scam Ready ASEAN Program, a regional initiative designed to boost protection against online fraud, as the Philippine leg of the program kicked off at the central bank’s head office today.

GCash CEO Sazon earns third straight Fortune Asia recognition

Martha Sazon, president and CEO of Mynt, the parent company of GCash, has been named to Fortune’s Most Powerful Women Asia list for 2026, extending her run on the regional ranking to three consecutive years.

LTFRB denies accreditation for GrabBike, Dingdong RiderKo over compliance failures

The Land Transportation Franchising and Regulatory Board (LTFRB) has denied the accreditation application of motorcycle taxi platforms GrabBike and Dingdong RiderKo, citing their failure to meet key regulatory hurdles following  the end of their pilot operations.

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