Business

Local steel maker SteelAsia and its chief executive officer Benjamin Yao have been named finalists in the two top categories of the prestigious Platts Global Metals Awards. 

Senate President Aquilino “Koko” Pimentel III filed a counterpart measure to the Duterte administration’s pending tax reform bill in the House of Representatives as he underscored the importance of implementing tax policy and administration reforms meant to raise sufficient revenues for the government’s unprecedented public investment program, while at the same time plugging value added tax (VAT) leakages he estimated …

By Riza Lozada  State pension fund Government Service Insurance System (GSIS) has a new chairman in Dr. Francisco Duque III, former chairman of the Civil Service Commission (CSC). His term started after ceremonies held at the GSIS Head Office in Pasay City. 

The state-run Social Security System will seek the help of Congress to implement the mandatory coverage of Overseas Filipino Workers (OFWs) following its goal to expand its members’ coverage, while providing security protection for the country’s new heroes. 

With several tax reform packages now in the offing, tax seems to be on everyone’s mind. Not for Aling Lina though, the woman who sells fried plantains daily at the street corner. She practically works the whole day, whether attending to household chores, or earning a living that on good days brings in barely P200 a day. Besides, Lina said …

By Riza Lozada  The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of local investment holding firm Pure Energy Holdings Corp. (PEHC) that the company hopes can raise for it P1.47 billion in new capital. 

The Bureau of Customs (BOC) has certified the Laguna Gateway Inland Container Terminal Inc. (LGICT), the dry port container handling facility of International Container Terminal Services Inc. (ICTSI) in Calamba City, Laguna, as an authorized Off-Dock Customs Facility (OCF). 

Del Monte Pacific Limited (DMPL) listed both in Singapore and the Philippines reported a net income of $8.5 million for its third quarter fiscal year ending January, a turnaround from the net loss of $4.8 million in the third quarter last year. 

The government is exploring the possibility of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain to cater to the banking needs of overseas Filipino workers (OFWs) living there and facilitate trade and investments between the Philippines and the island-kingdom, Finance Secretary Carlos Dominguez III said. 

The Sy group’s banking arm BDO Unibank (BDO) hit the 1,000-mark in terms of branches nationwide following the opening of another full-service outlet in Davao City last March 20.