DOE orders monthly fuel cost reports

Philstar - Sep 29, 2026

Oil firms are now required to submit monthly reports on the cost components of liquefied petroleum gas and kerosene as part of the review of the excise tax suspension.

Read full article

More News

PDIC beats recovery targets

Oct 10, 2026

PDIC beats recovery targets

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) exceeded its 2025 targets for asset recovery, loan resolution and the liquidation of closed banks, boosting recoveries for depositors and creditors. The state-run deposit insurer resolved 2,389 pieces of property with a combined gross book value of P524.9 million and offered 404 for public bidding, according to

Big-ticket projects in 2026 to propel Peza to record year, says Panga

Oct 10, 2026

Big-ticket projects in 2026 to propel Peza to record year, says Panga

MANILA, Philippines — Four big-ticket projects in the Philippine Economic Zone Authority’s (Peza) pipeline could propel the agency to an all-time high in investment approvals this year, potentially surpassing its P311-billion record by about P200 billion. Peza Director General Tereso Panga said the agency, which had already approved P297.14 billion worth of projects as of September,

BIR requires amount of withholding tax to be shown as separate item on invoices

Oct 10, 2026

BIR requires amount of withholding tax to be shown as separate item on invoices

The Bureau of Internal Revenue (BIR) has issued a new regulation requiring the amount of creditable withholding tax, when applicable, to be shown as a separate item on invoices.

China wants 5 innovative drugs with US$1 billion returns by 2030. Which might they be?

Oct 10, 2026

China wants 5 innovative drugs with US$1 billion returns by 2030. Which might they be?

The increasing global appeal of Chinese firms’ novel therapies has propelled the country’s rise as a biomedical powerhouse, but China has yet to produce a drug to rival all-time best-selling Western blockbusters in sales. Beijing has set ambitious new five-year targets to boost its global presence, including at least five products with annual global sales surpassing US$1 billion by 2030. The goal is achievable, according to some analysts. Jefferies’ head of Asia healthcare research Cui Cui noted...

A new view of city living along C5

Oct 9, 2026

A new view of city living along C5

Property investment typically comes down to two considerations: the advantages a location offers today and the value it can still create over time. Along Metro Manila’s C5 corridor, both are increasingly evident. Thriving growth corridor A few years ago, C5 Road was still regarded as an emerging proposition—one of the capital’s fringe addresses taking shape

The Filipino housing dream is changing, and that’s not a bad thing

Oct 9, 2026

The Filipino housing dream is changing, and that’s not a bad thing

(First of two parts) For generations of Filipinos, the formula was almost instinctive: Finish school. Get a job. Get married. Have children. Buy a house. For many families, the house was proof that years of hard work had finally produced something tangible. It was where children would grow up, where family reunions would happen, where

Boosting AI-driven search performance in Southeast Asia with a smart regional marketing strategy

Oct 9, 2026

Boosting AI-driven search performance in Southeast Asia with a smart regional marketing strategy

ASEAN consumers increasingly use AI tools like ChatGPT for product research, shifting visibility challenges from Google rankings. Generative Engine Optimisation (GEO) now structures content for AI citation and recommendation, becoming essential for foreign businesses entering Southeast Asian markets competing for consumer decision-making visibility.

SEC proposes exchange-led oversight of green equity labels

Oct 9, 2026

SEC proposes exchange-led oversight of green equity labels

MANILA, Philippines — The Securities and Exchange Commission (SEC) is seeking comments on proposed revisions to Philippine Green Equity guidelines that would put exchanges in charge of granting and monitoring the label for qualifying listed companies. The draft would task exchanges with evaluating applications, accrediting external reviewers, and checking issuers’ continued compliance, subject to SEC oversight.

WTO sees rosier trade in ‘26 as AI shipments boom

Oct 9, 2026

WTO sees rosier trade in ‘26 as AI shipments boom

MANILA, Philippines — The World Trade Organization (WTO) has more than doubled its global merchandise trade growth forecast for 2026, as surging demand for artificial intelligence (AI) equipment, particularly from Asian manufacturers, has outweighed disruptions caused by the war in the Middle East. In its latest Global Trade Outlook and Statistics report, the Geneva-based organization

DA urges youth to take up farming

Oct 9, 2026

DA urges youth to take up farming

MANILA, Philippines — The Department of Agriculture (DA) is urging the new generation of Filipinos to return to farming, stressing that distributing land, loans, or subsidies alone will not resolve the issue of an aging farm workforce. “For the Philippines, generational renewal in agriculture and fisheries is not simply about replacing an aging generation,” Agriculture Assistant

BIR abatement program draws 2,379 micro taxpayers in 3 months

Oct 9, 2026

BIR abatement program draws 2,379 micro taxpayers in 3 months

MANILA, Philippines — A total of 2,379 micro taxpayers have availed of the One-Time Abatement Program of the Bureau of Internal Revenue (BIR) as of Oct. 3, with total tax liabilities and penalties abated reaching P149.35 million. These taxpayers filed 10,229 applications under the program, of which 8,464 have so far been approved. Of the

BIR warns taxpayers against fake ORUS website

Oct 9, 2026

BIR warns taxpayers against fake ORUS website

MANILA, Philippines —The Bureau of Internal Revenue (BIR) warns taxpayers against accessing orus.ph, a website that appears to imitate its Online Registration and Update System (ORUS). The website may expose users to suspicious pop-ups, unfamiliar prompts, or other potentially unsafe content that could pose privacy and cybersecurity risks. Taxpayers are strongly advised not to access

Recommended