The Bureau of Internal Revenue (BIR) has filed tax evasion charges before the Department of Justice against three former officials of the Department of Public Works and Highways (DPWH) – Bulacan 1st District Engineering Office. Named respondents were former District Engineer Henry Alcantara, former Assistant District Engineer Brice Ericson Hernandez, and former Construction Section Chief Jaypee Mendoza. “We conducted a …

An official of publicly-listed D&L Industries Inc. expressed confidence that the company will achieve its 10 percent income growth target this year after posting an 8 percent increase in the first nine months, driven by strong volume expansion. In a media briefing last week, D&L Industries president and chief executive officer Alvin Lao said the company’s volume grew by 11 …

The country’s inflation rate remained unchanged at 1.7 percent in October 2025, as slower increases in food and beverage prices offset higher costs in utilities and services, the Philippine Statistics Authority (PSA) reported Wednesday. The latest figure was lower than the 2.3 percent recorded in the same month last year and brought the 10-month average inflation to 1.7 percent — …

The Economy and Development (ED) Council has approved the recommendation of the Tariff and Related Matters Committee (TRMC) to maintain the current 15 percent Most Favored Nation (MFN) tariff rate on rice imports until the end of 2025. The decision, which covers both in-quota and out-quota imports, was announced by the Department of Economy, Planning and Development (DEPDev) after Tuesday’s …

The Energy Regulatory Commission (ERC) has approved the amended rules on the implementation of advanced metering infrastructure (AMI) by distribution utilities (DUs), in a move seen to accelerate the digital transformation of the country’s power distribution sector. AMI integrates smart meters, communication platforms, and data management systems that allow both consumers and DUs to access real-time data on power consumption, …

Metropolitan Bank & Trust Co. (Metrobank) posted a record net income of ₱37.3 billion in the first nine months of 2025, up 4 percent year-on-year, driven by strong loan expansion and higher trading income. In a disclosure to the Philippine Stock Exchange (PSE) last week, the bank reported a 12.1 percent annual increase in pre-provision operating profit to ₱59.2 billion. …

Most Philippine banks are expected to maintain their credit standards for both businesses and households in the fourth quarter of 2025, according to the Bangko Sentral ng Pilipinas (BSP). Results of the BSP’s latest Senior Bank Loan Officers’ Survey (SLOS) released last week showed that a larger percentage of banks anticipate keeping their lending rules—covering interest rates, collateral requirements, loan …

LANDBANK achieved a significant 42% jump in net income to ₱35.65 billion as of the third quarter of 2025, already surpassing its full-year earnings of ₱35.36 billion in 2024, and underscoring the Bank’s robust financial trajectory and performance above historical averages. Total assets expanded to a record ₱3.45 trillion, supported by growth in loan and investment portfolios. This solidifies LANDBANK’s …

An international group of audit practitioners has named a senior executive of state-owned Development Bank of the Philippines (DBP) as “Chief Audit Executive of the Year”, citing his contributions in elevating the internal audit function in the government service. Senior Vice President Ryan R. Gabinete, head of DBP’s internal audit group, was recently conferred the honor by the Institute of …

Filipino motorists now have better access to more of AISIN’s trusted line of affordable, OEM-quality automotive parts, thanks to a growing range of products designed to keep their vehicles efficient, safe, and in top condition. A proud member of the Toyota Group and a global Tier 1 automotive supplier, Aisin, which built a solid reputation over six decades for delivering …