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The Tax Management Association of the Philippines (TMAP), an organization of accountants and consultants of the country’s biggest corporations, is at loggerheads with Finance Secretary Cesar Purisima, one of its own, over the tax-cut measures pending in Congress.

Washington—The United States is taking action to make sure it militarily stays ahead of China, US Defense Secretary Ashton Carter said in remarks at Pearl Harbor, Hawaii.

By Luis Leoncio  Jollibee Foods Corp. (JFC) has completed a major foray into the US burger business through a minority infusion into the upscale American fast-food chain Smashburger. 

Financial inclusion, as an advocacy, had won for the Bangko Sentral ng Pilipinas (BSP) plaudits from international groups, but a large part of the country remains poor and with no access to the its financial system.

The Aquino administration, incredulous at the dismal Philippines ratings in the latest annual Ease of Doing Business report of the World Bank (WB), has lashed out at the ranking, calling it “erratic and unsound.”

By Luis Leoncio After all the hopes raised on the tax-cuts bill in Congress, it looks like President Aquino is determined to maintain the status quo on the tax system, after all. But sponsors of the measure are unfazed and are saying they will fight on. 

The Social Security System (SSS) has launched the SSS-UnionBank Quick Card, the newest addition to its growing number of electronic facilities to enable members to get their salary loan just three days upon the approval of their application.

By Luis Leoncio  Top property developer Megaworld Corp. is ramping up its investments in the next three years, as it expects the current property boom to last beyond President Aquino’s term, which ends next year. 

By Jerry Maglunog  Power generation is seen to become the major investment draw in the next administration, as the growing economy copes with an increased demand for electricity. 

Only 20 million out of 100 million Filipinos earn enough to save money, and only 10 million, or 10 percent of the population, own bank accounts.