The Association of Southeast Asian Nations (ASEAN) is crafting the ASEAN Sustainable and Resilient Tourism Investment Outlook 2030 to promote sustainable, innovative, and investment-ready tourism projects across the…
The Lopez group, through First Gen, bought Energy Development Corp. from the government in 2007 and has spent the 19 years since learning how deep the asset actually goes
Security Bank Corp. on Tuesday announced key leadership changes, as its Board approved several appointments and designation movements among senior officers effective next year as part of its “strategic priorities.”
While the VAT removal is still welcome relief, expect savings to be modest as the much larger underlying system loss charge is unlikely to disappear from electricity bills anytime soon
Over six months after President Ferdinand Marcos Jr. declared a national energy emergency, a new study revealed that the Philippines has taken the lead among major Southeast Asian economies in adopting renewable energy…
The Energy Regulatory Commission (ERC) on Tuesday said it has adopted a new billing format for all distribution utilities (DUs) to reflect the removal of the 12% value-added tax (VAT) on the allowable system loss…
A VEHICLE used to tell a fleet operator only what could be seen from the driver's seat or discovered during a maintenance inspection. Today, a connected vehicle can tell its operator much more: where it is, how it is…
Domestic workers will receive a P500 increase in their monthly minimum wage under a new wage order in Central Visayas, the Department of Labor and Employment (DOLE) said Tuesday.
HONG KONG — Asian stocks mostly fell and oil prices extended gains Tuesday as hopes for a reopening of the Strait of Hormuz fade amid expectations the Federal Reserve will hike interest rates again next month. Hopes for…
ABIDJAN, Ivory Coast — Burkina Faso opened its first gold refinery on Monday, pushing ahead with plans to better organize the commercialization of the precious metal in one of the continent's top producers. The west…
The event is expected to host more than 300 exhibitors from across the Philippines and beyond.
HONG KONG — The United States and China released Monday reciprocal lists of products worth about $30 billion that will see tariff cuts, in a deal expected to boost bilateral trade. The details came days after Chinese…
As the Philippines moves to include nuclear power in its energy mix, the Department of Energy (DOE) is pushing for a competitive procurement framework focused on strict grid readiness, staged delivery schedules, and…
Introducing an integrated methodology toward modernizing network capabilities for IRs and hotels.
WASHINGTON, D.C. — President Donald Trump on Monday announced a new $15 billion steel plant being built in Iowa, highlighting an economic victory in a key battleground state where Republicans face competitive midterm…
Rather than being merely the ayuda program critics sometimes portray it as, the Pantawid Pamilyang Pilipino Program may actually have the 'strongest demonstrated poverty-reduction impact among major transfer programs,'…
The Manila Electric Company (Meralco) on Tuesday announced that it has started the bidding or competitive selection process (CSP) for suppliers of its 900-megawatt (MW) baseload power requirement.
The Department of Energy (DOE) said Tuesday the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene would provide direct relief to Filipino households amid elevated global oil prices.
A fair audit requires cooperation from taxpayers and accountability from examiners
The National Telecommunications Commission (NTC) on Tuesday said the show cause orders and the P100,000 daily fine against DITO Telecommunity Corporation (DITO), Globe Telecom Inc. (Globe), and Smart Communications Inc…
The Philippines could unlock between 3.6% and 7.1% of GDP in combined savings and additional revenue annually by broadening the tax base, improving collection efficiency, and making public spending more efficient and…
Getting fiber internet at home can now be as easy as ordering food delivery.
Globe Telecom Inc."s digital assets, led by its stake in GCash parent Mynt Inc., are viewed as a key growth driver for the telecommunications company to expand beyond its traditional connectivity business, according to…
The initial public offering of GCash’s parent company could generate additional resources to expand its digital financial services and reach more underserved and unbanked Filipinos, according to a financial analyst.
Singlife reinforces its commitment to putting customers first by transforming the insurance claims experience into a seamless, fully digital journey.
THE Department of Agriculture (DA) on Monday distributed nearly P64 million worth of farm inputs, machinery and postharvest facilities in Camarines Norte to address gaps in production, storage, processing and…
Globe Telecom Inc. has secured a positive nod from global investment bank Morgan Stanley as its GCash affiliate Mynt moves closer to pricing its highly anticipated initial public offering.
Pump prices decline after three consecutive weeks of increases.
Nvidia on Monday unveiled a new security platform designed to stop artificial intelligence agents from going rogue, saying it sets “boundaries” that could have stopped previous breaches. The announcement of the…
Wall Street's main indexes fell after Trump rejected an Iranian proposal to end the war, leading to a spike in crude prices that revived inflation worries and drove Treasury yields higher.
MOTOR vehicle sales slumped in August following the previous month’s year high, with automakers blaming bad weather as having disrupted dealer operations and consumer spending. The Chamber of Automotive Manufacturers…
In its recent celebration of 25 years of leadership in the legal sector, SEDA Law awarded its prestigious Silver Coin Tribute to Federico “Piki” Lopez, chairman and CEO of the First Holdings Group, during a gala dinner…
PRICES of basic necessities and prime commodities (BNPCs) remain stable and manufacturers have also held off from requesting increases amid renewed uncertainties arising from the war in the Middle East, Trade Secretary…
A Taiwanese technology firm plans to invest $1 billion for a manufacturing facility in New Clark City, according to the Bases Conversion and Development Authority.
EXCISE taxes on liquefied petroleum gas (LPG) and kerosene have again been suspended with the Bureau of Internal Revenue (BIR) implementing an order issued by Malacañang last week. Revenue Memorandum Circular (RMC)…
Technology firm JKS Tech Solutions Inc. is raising its stake in listed gaming service provider PhilWeb Corp. to 14.22 percent through the purchase of additional shares worth P2.88 billion.
BOLD tax and spending reforms could unlock fiscal gains equivalent to as much as 7.1 percent of gross domestic product (GDP) annually for the Philippines, World Bank officials said on Monday. The estimate of a 3.6- to…
The Philippines could generate fiscal gains equivalent to as much as 7.1 percent of gross domestic product by improving tax collection and making public spending more efficient, according to the World Bank.
WITNESSING the substantial conclusion of European Union-Philippines Free Trade Agreement (EU-PH FTA) negotiations is a watershed moment for the European-Philippine business community and a defining chapter in our…
For many employees, tax compliance is often perceived as complete upon receipt of their Certificate of Compensation/Tax Withheld or the Bureau of Internal Revenue Form 2316 from their employer.
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