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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 …

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.

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.

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.

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.

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

Davao City—The Australian government has approved additional funds amounting to 40 million Australian dollar (P2 billion) for peace initiatives in the Philippines.

While the nation debates whether to prioritize economic growth or environmental sustainability, a company is proving that solar energy is already cheaper than coal.

Multilateral financing agency World Bank (WB) recently approved the funding for the Philippines’ first bus rapid transit (BRT) project.

The Philippine Stock Exchange Inc. (PSE) recently participated in the global “Ring the Bell for Gender Equality” initiative in celebration of the International Women’s Day. Over 40 stock exchanges worldwide took part in this event, which is now on its third year.