(Note: There were some factual errors contained in my last Friday column. The projected palay harvest decline estimate by the Philippine Statistics Authority (PSA) should read 3.19 million metric tons (MMT) instead of…
The Philippines is mulling whether to impose tighter regulations on artificial sweeteners following calls from the sugar industry to protect locally produced sugar, the DA said.
Consumer advocates are calling on the government to reconsider imposing higher excise taxes on vape products.
Bank transfers, cash-ins via InstaPay and payments via QRPH will be unavailable starting late Thursday night.
Filipinos with private insurance could see more of their medical costs covered as the Philippine Health Insurance Corp. (PhilHealth), major health maintenance organizations (HMOs), and private insurers have inked a…
Philippine share prices continued their decline on Thursday falling further within the 5,600 level as investors opted out of the local stock market amid rising global fuel prices.
The regulator did not disclose the total amount covered under its compromise agreement with the grid operator, how much of the fees had already been collected, and how much is left to collect
The Department of Budget and Management (DBM) said Thursday about P2.412 billion was earmarked under the proposed P7.2-trillion 2027 national budget to help uplift micro, small and medium enterprises (MSMEs) in the…
Water service provider Maynilad said Thursday that it is preparing for the expected dry spell as a record-breaking El Niño is expected to affect the country starting this October.
The luxury Bohol resort has been turned over to Landbank as Dennis Uy’s company struggles to overcome its overwhelming debt burden
The Department of Budget and Management (DBM) on Thursday said the proposed P7.2-trillion national budget next year earmarked over P11 billion for the Tulong Panghanapbuhay sa Ating Disadvantaged Workers (TUPAD) Program…
The Senate impeachment court has ordered officials from seven banks and seven financial firms to testify before the impeachment trial of Vice President Sara Duterte.
CHICAGO, Illinois — A federal judge has granted Paramount’s settlement agreement with 12 states that sued over the company’s takeover of Warner Bros. Discovery, allowing the companies to soon close their $81 billion…
Philippine manufacturing returned to negative territory in September, posting its first contraction in five months as weaker demand weighed on output and new orders, results of the latest S&P Global survey released…
The Department of Labor and Employment (DOLE) is strengthening its efforts to prepare Filipino workers for emerging opportunities in the blue economy, focusing on developing future-ready skills and creating more…
ACEN Corp. on Wednesday said that subsidiary Unlimited Renewables Holdings B.V. had completed the sale of a 49-percent stake in Indian solar project developer Ijya Five Renewables Private Ltd. for an undisclosed amount…
The Philippine Chamber of Telecommunication Operators (PCTO) on Wednesday expressed concern after the National Telecommunications Commission (NTC) imposed sanctions against the country"s three major telco players due to…
MERALCO PowerGen Corp. (MGen) on Wednesday said that it had signed a memorandum of understanding with PLDT Inc.’s VITRO REIT Inc. for the joint feasibility study and development of sustainable power-enabled digital…
THE Philippine Chamber of Telecommunication Operators (PCTO) on Wednesday raised concerns over sanctions imposed by the National Telecommunications Commission (NTC) following its recent network performance validation…
The Philippines’ Kinampay ube is on the rise as Japan’s next favorite, the Philippine Embassy in Tokyo said.
THE Meat Importers and Traders Association (MITA) has opposed the Department of Agriculture’s (DA) proposal to raise pork tariffs, warning that the move would increase food prices without addressing problems confronting…
THE Sugar Regulatory Administration (SRA) has supported the industry’s call for a two-tier tax on sweetened beverages that would favor drinks made entirely with locally produced cane sugar. SRA Administrator Pablo…
As the country celebrates National Teachers’ Month, China Bank Savings continues to strengthen its support for Filipino educators through financial wellness initiatives nationwide.
THE Department of Agriculture (DA) said on Wednesday that the National Food Authority (NFA) was expanding its warehouse capacity in Tarlac to buy more palay (unmilled rice) from farmers. The NFA is leasing 1,782 square…
THE Department of Agriculture (DA) said Wednesday that it had signed a memorandum of agreement with the Department of Public Works and Highways (DPWH) to build 29 farm-to-market roads (FMR) worth P430 million across the…
The Antonio family’s Century Properties Group Inc. has secured the approval of the Securities and Exchange Commission for its merger with PHirst Park Homes Inc., with CPG as the surviving entity.
THE national government’s (NG) outstanding debt climbed to a new record high of P19.61 trillion at the end of August, surpassing the previous record of P19.39 trillion set at end-July, Bureau of the Treasury data showed…
AS September gives way to October, two cancer observances offer one shared lesson. World Chronic Myeloid Leukemia (CML) Day shows how targeted treatment can transform the outlook for many patients. Breast Cancer…
A proposed unified tax rate on e-cigarettes may help plug a loophole that provides an avenue for illicit traders to misdeclare higher-taxed products, while ensuring the government collects proper revenues, JTI…
THE country’s trade deficit narrowed in August amid record exports and imports, preliminary Philippine Statistics Authority (PSA) data showed on Wednesday. The $3.85-billion shortfall was 3.5 percent lower than the…
PHILIPPINE shares extended their decline on Wednesday, with the benchmark index falling to its lowest level for the year as concerns over economic growth and a possible acceleration in inflation weighed on investor…
Banks’ foreign currency loans rose by 5.6 percent to $16.31 billion in the second quarter from $15.44 billion in the previous quarter, driven mainly by stronger borrowing by exporters and other industries, the Bangko…
INFLATION likely remained elevated in September as weather-related food price increases, higher domestic fuel costs and weaker peso add to price pressures, the Bangko Sentral ng Pilipinas (BSP) said. Consumer price…
THE National Telecommunications Commission (NTC) is proposing stricter rules on the importation and sale of used and refurbished mobile phones, tablets, modems, routers and other customer premises equipment such as…
The Electric Power Industry Reform Act of 2001 (EPIRA, RA 9136) turned 25 years old this year. I wrote a three-parts series last month in my column in BusinessWorld: “EPIRA at 25: More lights, less blackouts, fewer…
KUALA LUMPUR — Japan Tobacco International (JTI) has backed the Department of Finance’s (DOF) proposal to unify excise taxes on e-cigarette liquids, saying it would close a loophole exploited by illicit vape traders…
WE have always been fascinated by people who claim to know the future. The more accomplished the person, the more seriously we tend to listen. A billionaire technology founder predicts when humans will live on Mars. An…
Media giant ABS-CBN Corp. has received a P6-billion placement from the Lopez family and its new investor, increasing the company’s shares and adding seats to the boardroom.
EVERY January, many businesses renew their business permits and licenses while local government units (LGUs) impose fees and local business taxes (LBT). LGUs compute LBT on the gross sales or receipts of these…
SHAREHOLDERS of ABS-CBN Corp. on Wednesday approved a P6-billion new investment in the media company as well as amendments to its articles of incorporation to accommodate the additional subscriptions. The special…
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