MPIC mulls P20-B Cavitex-Port Area expressway The tollway arm of Metro Pacific Investments Corp. (MPIC) is planning to propose a P20-billion expressway project to connect the Manila-Cavite Toll Expressway (Cavitex) to the Port Area. — […]
CTA junks P292-M tax demand vs energy firm THE COURT of Tax Appeals (CTA) has ordered the cancellation and withdrawal of the Bureau of Internal Revenue’s (BIR) P292-million tax assessment against energy and power firm […]
ADB hikes ’17,’18 growth forecasts for PH The Asian Development Bank has raised its gross domestic product (GDP) growth forecasts for the Philippines for this year and next year, with the country expected to lead […]
Customs collections up 21% to P211.8B in first six months The Bureau of Customs posted a measly increase in its collection of import duties and other taxes in June, thus missing its target for the […]
Peso depreciates to near 11-year low The peso continued to weaken against the dollar yesterday, shedding another seven centavos to close at its lowest level in almost 11 years. — The Philippine Star Shell reverses […]
OFW remittances recover in May REMITTANCES from overseas Filipino workers (OFWs) recovered in May, the Bangko Sentral ng Pilipinas (BSP) announced yesterday, staying on track to a full-year target and helping to fuel household spending […]
ADB: 7 PH cities most vulnerable to flooding Typhoons and flooding as a result of climate change will damage more houses in the Philippines by 2085 as seven cities are seen vulnerable to the rise […]
ADB, World Bank eye technical assistance grants for Marawi rehab Multilateral lenders the Asian Development Bank (ADB) and the World Bank are looking into technical assistance grants for the rehabilitation of Marawi City once fighting […]
Government to allow 70% foreign equity in telcos, utilities President Duterte wants to allow foreign investors to own up to 70 percent of telecommunication firms and all public utilities, according to the National Economic and […]
PH has 2nd lowest obesity rate in Asean The Asia Roundtable on Food Innovation for Improved Nutrition (ARoFIIN) on Tuesday reported that the Philippines has the second lowest obesity and overweight prevalence compared to its […]
April FDI retreats from year-ago record FOREIGN direct investment (FDI) net inflows to the Philippines hit a 12-month high in April even as they slid from the year-ago record haul, the Bangko Sentral ng Pilipinas […]
Gov’t borrowings up 67% in Jan-May Government borrowings jumped 67 percent to P453 billion in the first five months from a year ago, data from the Bureau of the Treasury (BTr) showed. — The […]