Top News

US Embassy turns over P1-B water project to government

The United States government has maintained its commitment since 2013 to help elevate the lives of less fortunate Filipinos in far-flung provinces after it turned over an almost P1 billion project to provide safe and clean drinking water. 

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Duterte sends high-level investment mission to Japan

A Cabinet-level delegation led by Finance Secretary Carlos Dominguez III will fly to Tokyo on Monday to discuss with Japanese officials a prospective list of big infrastructure projects that the Philippines could implement possibly in tandem with Japan. 

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Concepcion group pursues bid to employ ‘green’ technology

Concepcion Industrial Inc. (CIC) seeks to fulfill its commitment to switch all of its product lines to environmentally-responsible refrigerants with its commercial arm, Concepcion Building and Industrial Solutions (BIS), sharing its advocacy to protect the environment through training sessions for its business partners. 

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Regulator padlocks 84 lending companies

By Riza Lozada  Corporate regulator Securities and Exchange Commission (SEC) has suspended 84 lending companies for operating their business without the required licenses. 

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House panel approves ‘in principle’ Duterte’s CTRP

By Luis Leoncio The House committee on ways and means has approved in principle the first phase of the Duterte administration’s Comprehensive Tax Reform Package (CTRP) as package subject to the creation of a Technical Working Group (TWG) that would draw up a substitute bill consolidating the proposed reforms by the Department of Finance (DOF) with other tax-related proposals by …

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Traders see golden age amid government infra buildup

A golden age for trade primarily among micro, small and medium enterprises (MS­MEs) is expected due to increased infrastructure spending and business opportunities brought about by free trade agreements (FTAs) and the Association of Southeast Asian Nation (Asean) Economic Community (AEC), Philippine Exporters Confederation Inc. (Philexport) President Sergio R. Ortiz-Luis Jr. said.

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Foreign debts ease by $2.7B to $74.8B

By Riza Lozada A stronger US currency and national government (NG) repayments of its foreign liabilities resulted in a $2.7 billion drop in the country’s foreign debts to $74.8 billion last year from $77.5 billion a year ago, Bangko Sentral ng Pilipinas (BSP) data showed.

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Free internet for all now closer to reality

Voting 18-0-0, the Senate passed last week Senate Bill 1277, or the Free Internet Access in Public Places Act, which will mandate the government to provide free access to Internet services in public places in the country.

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MB tightens rules for huge deposits but urges savings

The Bangko Sentral ng Pili­pinas’ (BSP) Monetary Board (MB) has eased deposit requirements to entice more Filipinos to save while tightening rules on huge bank deposits to prevent money laundering.

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Mighty seeks review of Customs suspension

Beleaguered local cigarette manufacturer Mighty Corp. (MC) has asked the Bureau of Customs (BOC) to lift the suspension of its accreditation issued last week.

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