BW FILE PHOTO MORE THAN P4 billion has been collected from issuers of so-called “ghost receipts,” with further assessments and prosecutions ongoing, the Bureau of Internal Revenue (BIR) said.“We have collected more than P4 billion for 2024,” BIR Commissioner Romeo D. Lumagui, Jr. told reporters on

THE Philippine Exporters Confederation, Inc. (Philexport) is urging its members to venture into mass-market beauty products in the Middle East.Citing a report by global market intelligence firm Mintel obtained by the Department of Trade and Industry’s Export Marketing Bureau, Philexport said that consumer spending on

REUTERSBy Aubrey Rose A. Inosante, ReporterTHE Philippine chip industry is a peripheral player in the trade wars the US appears to be heading into, and must not take sides while taking care to diversify its markets, analysts said.“At this point, the Philippines is considered a

First of two partsIN BRIEF: • The past years highlighted several critical issues for financial institutions and regulators, ranging from geopolitical and macroeconomic issues to growing challenges in balancing support for technology innovation with protecting consumer and markets from the attendant risks.• While international coordination

SCREENGRAB FROM PAF AVPBy John Victor D. Ordoñez, ReporterTHE PHILIPPINES must beef up its military modernization program and build its ties with other countries after a Chinese navy helicopter endangered the safety of a Philippine government aircraft patrolling a disputed shoal in the South China

PHILSTAR FILE PHOTOBy Ashley Erika O. Jose, ReporterTHE Department of Transportation’s (DoTr) move to postpone the implementation of full cashless toll collection at major expressways would likely hinder the country’s capacity to advance its transport system, an analyst said. “We can’t do without it as

NGCP.PHBy Kenneth Christiane L. Basilio, ReporterPHILIPPINE lawmakers should craft more extensive power sector reforms as current efforts have fallen short of expectations, analysts said over the weekend.Attempts by Congress to amend the 2001 Electric Power Industry Reform Act (EPIRA) that liberalized the country’s power sector

PHILIPPINE STAR/RYAN BALDEMORBy Chloe Mari A. Hufana, ReporterA LAWMAKER pushed for the immediate passage of a P200 legislated wage hike ahead of the two-peso jeepney fare hike set to take effect as early as April, warning that failure to increase wages alongside rising transport costs

BW FILE PHOTOTHE Office of the Solicitor General (OSG) asked the Supreme Court (SC) for a five-day extension to comment on a petition questioning the legality of the 2025 General Appropriations Act (GAA). In a document dated Feb. 19, Solicitor-General Menardo I. Guevarra sought an

SCREENSHOT FROM HOUSE OF REPRESENTATIVES FACEBOOKTHE EXECUTIVE Secretary on Sunday dispelled former President Rodrigo R. Duterte’s accusations of President Ferdinand R. Marcos, Jr. pursuing a dictatorship when his term ends in 2028 as “baseless” and “ridiculous.”“As our actions have consistently demonstrated, we will stay the

BW FILE PHOTOTHE Bureau of Customs (BoC) Commissioner Bienvenido Y. Rubio urged buyers-in-good-faith of imported goods to settle the right duties via a voluntary payment scheme to meet the P1.06-trillion target this year. The BoC revenue rose by 6.51% to P931.05 billion last year from

THE Commission on Elections (Comelec) has designated Robinsons Malls as official polling centers for the 2025 midterm elections in May, in a bid to enhance voter accessibility and convenience.Through this partnership signed on Feb. 21, select Robinsons Malls will host polling stations in 13 locations