The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
Construction activity lost momentum in May as fewer projects secured permits, signaling a softer pipeline for the property and infrastructure sector despite resilient spending on residential developments.
The Bureau of Internal Revenue (BIR) is deepening its partnership with the Alliance of Tech Innovators for the Nation (ATIN) to boost tax compliance among online sellers, combining taxpayer education with tougher enforcement as the country's digital economy continues to expand.
Foreign business groups are calling on President Ferdinand R. Marcos Jr. to keep economic competitiveness at the heart of his legislative agenda, arguing that the country's next wave of reforms will determine whether it can attract higher-value investments and secure a stronger foothold in regional supply chains.