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Strong grocery sales at Puregold and S&R lifted Cosco Capital Inc.’s net income by 12 percent to P11.96 billion in the first nine months of 2026, cushioning weaker earnings from its liquor distribution and energy businesses.

New Bureau of Internal Revenue (BIR) Commissioner Rolando Ligon Jr. is planning a five-year technology overhaul to modernize tax administration, close corruption vulnerabilities and improve compliance, while promising tougher enforcement against deliberate tax evasion.

The Philippine automotive market is beginning to look like a family reunion where everybody has arrived in a different vehicle, but everyone wants to talk about electricity. There are fully electric sedans, plug-in hybrid pickups, hybrid SUVs, and battery-powered crossovers competing for attention. The gasoline engine has not been invited to leave, but it is beginning to notice that the conversation has changed.

Tereso Panga is ending 28 years at the Philippine Economic Zone Authority (PEZA), citing more than 100,000 jobs created during his leadership as his most meaningful contribution to the investment promotion agency.