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The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 72-2026, clarifying the tax treatment of nominee transfers of proprietary club shares that do not involve any change in beneficial ownership while removing the requirement for qualified transactions to secure a prior confirmatory ruling. BIR Commissioner Charlito Martin Mendoza said the issuance […]
Games and Amusements Board (GAB) Chairman Atty. Francisco Rivera welcomed former Sacramento Kings NBA assistant coach Jimmy Alapag to the GAB Central Office in Makati City. Alapag secured his GAB professional license, officially paving the way for his return to Philippine professional basketball. For him, the homecoming is about more than basketball—it is also about […]
The Energy Regulatory Commission (ERC) recognized the Wholesale Electricity Spot Market’s (WESM) 20 years of commercial operations and affirmed its vital role in advancing a competitive, transparent, and reliable power market in the country. Over the past two decades, WESM has served as the country’s primary venue for electricity trading—promoting price transparency, enhancing competition, and […]
The Bureau of Customs (BOC), under the leadership of Commissioner Ariel Nepomuceno, sustained its strong revenue performance in June 2026, collecting ₱86.073 billion, surpassing its monthly target of ₱83.220 billion by ₱2.853 billion. This brought the BOC’s total revenue surplus for the first half of 2026 to ₱11.478 billion, with cumulative collections reaching ₱491.748 billion, […]
The Department of Agriculture (DA) is intensifying efforts to tap private-sector capital for critical farm infrastructure, signaling a stronger push to modernize the country’s agriculture sector through public-private partnerships (PPPs). Agriculture Secretary Francisco Tiu Laurel Jr. met with officials of the Public-Private Partnership (PPP) Center to discuss a pipeline of priority projects aimed at improving […]
In its thrust to boost connectivity between 47 government agencies for faster communication, the Department of Information and Communications Technology (DICT) and the Subic Bay Metropolitan Authority (SBMA) launched the Government Network (GovNet) Project in this premier Freeport. Held at the Best Western Hotel on June 24, the GovNet interconnects national government agencies, local government […]
Executive Secretary Ralph G. Recto welcomed the Philippines’ official graduation to upper middle-income country (UMIC) status, underscoring that the milestone reflects the country’s stronger economic fundamentals under the Marcos Jr. administration and opens the door to more jobs, investments, and opportunities for every Filipino. “Hindi lang ito titulo. Ibig sabihin nito, mas lumalago ang ekonomiya […]
The Department of Agriculture (DA) has strengthened the country’s food security arsenal with the National Seed Reserve Facility, a centralized storage vault designed to preserve high-quality seeds and ensure a reliable supply of planting materials for both regular crop production and post-disaster recovery. Located inside the Bureau of Plant Industry (BPI) compound in Quezon City, […]
The Bureau of Internal Revenue (BIR) conducted Nationwide Oplan Kandado 2026 covering 419 cases involving an estimated P742.1 million in potential tax exposure based on the corresponding 5-Day VAT Compliance Notices. Operations were monitored through the National Command Center in Revenue Region No. 7A in Quezon City, where Revenue Regions reported the results of the […]
To address aging perishable cargo and ensure compliance with customs requirements, Bureau of Customs (BOC) Commissioner Ariel Nepomuceno has warned importers and consignees to fast-track the release of their shipments, particularly those that remain unpaid, unclaimed, or not withdrawn within prescribed reglementary periods. In support of this, Nepomuceno ordered the issuance of Notices of Delinquency […]