China Evergrande liquidators seek $8.4B from accounting firm PwC in Hong Kong lawsuit [Yahoo Finance, May 18, 2026]
Liquidators of the failed Chinese property developer China Evergrande are seeking 57 billion yuan ($8.4 billion) from accounting firm PwC over its auditing work, a Hong Kong court heard on Monday.
Millions of professionals to benefit from 5-year validity of PRC IDs [Philippine News Agency, May 18, 2026]
In a Bagong Pilipinas Ngayon interview on Monday, PRC Assistant Commissioner Lord Louis Valera said the PRC initiated House Bill (HB) 8876, which has already hurdled second reading at the House of Representatives.
Cebuano CEO pleads guilty to multi-million dollar fraud in US [The Manila Times, May 18, 2026]
A Cebuano business process outsourcing executive admitted before a United States federal court that he participated in a multi-million dollar publishing and film adaptation fraud scheme that victimized more than 800 aspiring authors across the US.
Jollibee Group outlines P2.8 billion cost containment plan [The Philippine Star, May 18, 2026]
Asian food conglomerate Jollibee Foods Corp. (JFC) is undertaking a P2.8-billion cost containment plan as part of efforts to restore margins and reinforce long-term value creation amid challenges brought about by recent geopolitical developments.
BOC sets 3-year validity of broker registration for accountability [Philippine News Agency, May 16, 2026]
In a news release Saturday, the bureau reported that under a memorandum issued on May 13, signed by Commissioner Ariel Nepomuceno, the Certificate of Registration for Individual Customs Brokers and General Professional Partnerships will be valid for three years from the date of issuance, unless sooner suspended or revoked for cause.
Razon-led Negros Power slashes rates in May 2026 [GMA News Online, May 16, 2026]
In an advisory on Saturday, Negros Power said the average residential electricity rate for May dropped to P11.3808 per kilowatt-hour (kWh), lower by P0.8655 per kWh from April’s P12.2463 per kWh.
Foreign buyers defer Philippine trips after Senate chaos [The Philippine Star, May 15, 2026]
FOBAP president Robert Young told The STAR that four foreign buyers scheduled to visit the Philippines to place garments and furniture orders informed the group that they were postponing their trips following the gunshots fired inside the Senate building last Wednesday.
Lopez family feud takes turn as majority drops Piki ouster [Inquirer.Net, May 14, 2026]
The majority bloc of Lopez Inc. has withdrawn its earlier resolution removing Federico “Piki” Lopez as president and CEO, opening the door for possible family discussions.
BIR surpasses April target despite ITR deadline extension [GMA News Online, May 14, 2026]
The Bureau of Internal Revenue (BIR) on Thursday reported a gross collection of P422.378 billion in April, overshooting last month’s target by 3.12% or P12.776 billion.
CERA urges legislators, regulators to review electricity bill charges [Cebu Daily News, May 14, 2026]
“The problem with our current billing system is that these layered charges make electricity bills complex and burdensome. Consumers are not paying only for electricity—they are also paying for government programs, subsidies, and inefficiencies within the system. We believe these costs should not be entirely passed on to consumers, and that the government must explore other ways to fund them,” Chua said.
Fintech group backs BSP oversight of online lenders [The Philippine Star, May 14, 2026]
FinTech Alliance.PH founding chairman Lito Villanueva said the group is backing discussions between the Securities and Exchange Commission (SEC) and the BSP on the possible transfer or sharing of supervisory powers over online lending platforms (OLPs).
Lufthansa lease in NAIA extended [The Philippine Star, May 14, 2026]
The signing ended months of speculation about the future of LTP in NAIA, especially as airport rates have gone up since NNIC took over in 2024. Under a privately operated NAIA, locators are charged P710 per square meter monthly for lease.
Millions in small tax debts to be written off as BIR targets 'big fish' [Manila Bulletin, May 13, 2026]
The Bureau of Internal Revenue (BIR) is pivoting its enforcement strategy toward high-value targets, effectively abandoning the pursuit of small-scale tax delinquents where the cost of collection exceeds the potential recovery.
SEC suspends monthly fines for non-filing of AFS, GIS until yearend [Manila Bulletin, May 13, 2026]
In its meeting last May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).
2 US-based satellite internet firms to launch PH operations —DICT [GMA News Online, May 13, 2026]
The Konektadong Pinoy law allows new data transmission players to operate without a legislative franchise or Certificate of Public Convenience and Necessity.
2 insurance firms ordered shut over violations [Philippine Daily Inquirer, May 13, 2026]
In a statement released on Tuesday, the IC said it cracked down on Vigattin Insurance and Antz Insurance Agency & Services in a decision dated March 11 after the two firms evaded regulatory requirements set by the insurance regulator.
GT Capital, Ateneo ink deed of donation for Cavite campus [GMA News Online, May 12, 2026]
GT Capital Holdings Inc. on Tuesday announced the donation of a 15-hectare parcel of land in its Riverpark development in General Trias City, Cavite, to the Ateneo de Manila University (ADMU) for the academic institution’s new Cavite campus.
US to fund feasibility study for Sangley airport [Manila Bulletin, May 12, 2026]
The United States (US) is taking the lead in the development of the long-delayed Sangley Point International Airport (SPIA) through the funding of a new feasibility study, as part of its commitment to boost economic activity within the Luzon Economic Corridor (LEC).
New P5 billion cruise terminal to rise in Entertainment City [The Philippine Star, May 11, 2026]
The project will sit beside Solaire Resort Entertainment City and SMDC Festival Grounds, and will be close to hotel-and-casino giants City of Dreams Manila and Okada Manila. It will also be encircled by condominiums that used to be occupied by employees of Philippine offshore gaming operators.
Japan backs P11.9-M silk farming project in Northern Luzon, Mindanao [The Manila Times, May 11, 2026]
The Japanese government has extended additional support to farming communities in Northern Luzon and Northern Mindanao through a new livelihood initiative focused on sericulture, or silk farming.
