Supreme Court upholds law granting VAT refund to foreign tourists [GMA News Online, July 6, 2026]
"Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination," the SC said.
BOC exceeds June 2026 collection target by P2.8B [Philippines News Agency, July 6, 2026]
BOC Commissioner Ariel Nepomuceno said the revenue performance was driven by the collective contributions of its 17 collection districts, supported by strengthened customs enforcement, enhanced trade facilitation, improved compliance measures, and the continued modernization of customs systems and processes.
Ube stakeholders forming own group [The Manila Times, July 6, 2026]
UBE (purple yam) stakeholders are forming their own association and having it registered this month, Bureau of Plant Industry (BPI) Director Glenn Panganiban said in a statement.
Pilmico, Tesda boost meat industry skills [Inquirer.Net, July 6, 2026]
Pilmico Animal Nutrition Corp., Infinity Vocational Training School Inc. (IVTSI) and the Technical Education and Skills Development Authority (Tesda) have teamed up to provide hands-on training in meat butchery in Tarlac.
Marcos unfazed by loss of grants as world bank reclassifies PH economy [The Manila Times, July 4, 2026]
"I do not worry, we were discussing this earlier today, and I don't think that it will lead to an increase in interest rates for loans, for example, but we do believe the effect will be on the grants that are given," Marcos said in a joint press conference with Canadian Prime Minister Mark Carney at Vancouver Convention Center.
SEC vows more reforms as PH income status rises [The Manila Times, July 4, 2026]
The SEC said it is now drafting rules on market making and reforms to the public offering framework for debt securities to improve liquidity and align with international standards.
Aboitiz boosts renewable energy with Pangasinan solar farm [Philippine Daily Inquirer, July 4, 2026]
Located in the mountainous village of San Roque, the solar facility occupies 102 hectares and is equipped with more than 150,000 solar panels.
ABS-CBN defers anew stockholders meeting [The Manila Times, July 3, 2026]
In a regulatory filing on Thursday, the listed media company said its board approved moving the annual meeting to August 19 as it had yet to receive nominations for the incoming board.
39 Boracay dive shops fined PHP 2.17M for price-fixing [Daily Guardian, July 3, 2026]
The Philippine Competition Commission (PCC) has imposed a total of PHP 2.17 million in fines on the Boracay Business Administration of Scuba Shops (BBASS) and 39 dive operators after finding that they engaged in an illegal price-fixing scheme that restricted competition in the island’s diving industry.
DA lifts farmlands conversion freeze [GMA News Online, July 3, 2026]
In Department Circular (DC) No. 32, series of 2026 dated June 30, Agriculture Secretary Francisco Tiu Laurel Jr. effectively withdrew the suspension on the acceptance and processing of land-use reclassification applications for agricultural areas.
Economist calls for broader EPIRA reforms [GMA News Online, July 2, 2026]
According to economist Laurence Rogero, while the EPIRA addressed concerns of the power industry in the 1990s such as the debt of the National Power Corporation (Napocor), recurring blackouts, and lack of investment, gaps are still evident.
Clark Freeport adding 10-M liter wastewater facility [Inquirer.Net, July 2, 2026]
The expansion at the Clark Centralized Wastewater Treatment Facility will feature a sequencing batch reactor with biological nutrient removal technology to improve treatment efficiency.
Metro Pacific expands hospital network to 31 [The Philippine Star, July 2, 2026]
Pacific Health Corp. (MPH), the health care arm of Metro Pacific Investments Corp., has expanded its hospital network to 31 with its investment in First United 23 Inc., the owner and operator of two hospitals in Batangas.
DepEd eyes hiring of 10,000 non-licensed counselors after greenlight from CSC [The Philippine Star, July 2, 2026]
Under CSC Resolution 2600920, the Department of Budget and Management is now cleared to officially create the "School Counselor Associate I" items.
Second-round risks seen from wage hike [The Manila Times, July 1, 2026]
Second-round effects occur when an initial increase in wages or production costs leads businesses to raise prices, prompting workers to demand even higher wages to preserve purchasing power, creating a cycle of rising wages and inflation.
