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.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. urged the Philippine Crop Insurance Corp. (PCIC) to modernize its operations and develop more affordable insurance products and services to better serve farmers, fisherfolk and livestock raisers.
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.
Jollibee Foods Corp., the country’s largest restaurant chain, said it experienced during the weekend a cybersecurity incident resulting in a personal data breach affecting the company and several of its subsidiaries.
Megawide Construction Corp. said it plans to begin construction of the P1.2-billion Baguio City Integrated Terminal (BCIT) by the third quarter of 2026, with completion expected in about two years.
The Department of Transportation (DOTr) is speeding up the construction of major transport projects and resolving right-of-way issues to improve the country’s transport system and boost the Philippines’ long-term competitiveness.
Security Bank Corporation ended 2025 by opening five new branches in December, bringing its total number of branches nationwide to 377. The expansion highlights the bank’s push to make banking services more accessible to more Filipinos.
The Department of Agriculture (DA) is rolling out a sweeping reform agenda aimed at fixing what it calls the “broken economics” of Philippine agriculture, a push that Malacañang sees as central to President Ferdinand Marcos Jr.’s lasting legacy before he leaves office in June 2028.