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Only indigent seniors entitled to TRAIN subsidy

Not all senior citizens in the country will receive the P2,400 subsidy for those who will be affected by the Tax Reform for Acceleration and Inclusion Law......»»

Source: philstar philstarCategory: finance12 hr. 55 min. ago Related News

Cheaper rice from Vietnam, Thailand available in Caraga

The National Food Authority is now selling low-priced rice imported from Vietnam and Thailand in the Caraga region......»»

Source: philstar philstarCategory: finance12 hr. 55 min. ago Related News

Grab to give fare subsidies amid drop in driver earnings

Ridesharing company Grab Philippines on Monday said it will spend around P100 million monthly for a “fare-subsidy scheme” to help offset the drop in driver earnings after transport regulators suspended its P2 per minute travel time charge......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

On eve of policy review, BSP says ready to tweak rates ‘as necessary’

Ahead of the Bangko Sentral ng Pilipinas’ policy review, its governor on Tuesday assured the public that monetary authorities are prepared to adjust key rates anew to curb rising commodity prices......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

Crypto celebrity McAfee stops touting ICOs, citing US`SEC threats’

One of the world’s most prominent promoters of initial coin offerings is calling it quits. John McAfee, the anti-virus software pioneer turned cryptocurrency evangelist, said in a tweet on Tuesday that he will stop recommending ICOs because of unspecified “threats” from the U.S. Securities and Exchange Commission. “Due to SEC threats, I am no longer […] The post Crypto celebrity McAfee stops touting ICOs, citing US`SEC threats’ appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

CLI to build Citadines Bacolod

Cebu Landmasters, Inc. (CLI) is betting big on Bacolod’s growth, disclosing on Tuesday, June 19, its plan to build its fifth hotel in the area in partnership with international serviced residences operator The Ascott Limited. In a disclosure to the stock exchange, CLI said CLI Bacolod Hotels, Inc.— its joint venture firm with Capitaine, Inc.— […] The post CLI to build Citadines Bacolod appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

Why is the Trump administration separating immigrant families?

Washington — President Donald Trump declared Monday that the US will not become a “migrant camp” as his administration faced a backlash for its practice of separating the children of illegal immigrants from their parents. While the Department of Homeland Security says it has no policy to separate families, such cases have skyrocketed since the […] The post Why is the Trump administration separating immigrant families? appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

DoubleDragon breaks ground on second Iloilo industrial hub

DoubleDragon Properties Corp. on Tuesday said it has started construction for its second industrial leasing hub in Iloilo. The listed property developer’s unit, CentralHub Industrial Centers, Inc., broke ground for the 3.9-hectare property in Iloilo yesterday. The site will house modern, standardized, multi-use warehouses for commissaries, cold storage, light manufacturing, and logistics distribution centers. This […] The post DoubleDragon breaks ground on second Iloilo industrial hub appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

Oil declines as traders assess Trump tariffs and Libya outage

Oil fell to near $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC meeting that could see the group lift production. Futures in New York fell 1.3 percent, erasing gains from Monday. The prospect of a U.S.-China trade war rattled global financial markets as […] The post Oil declines as traders assess Trump tariffs and Libya outage appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

PhilWeb buys two new e-Games sites

PhilWeb Corp. has acquired two new gaming sites operated by the Philippine Amusement and Gaming Corp. (PAGCOR) in Cebu City. In a disclosure to the stock exchange on Tuesday, PhilWeb said its unit BigGame, Inc. purchased the PAGCOR e-Games sites in Consolacion and Lapu-Lapu City, Cebu from Golden Frontier Gaming, Inc. (GFGI). In exchange for […] The post PhilWeb buys two new e-Games sites appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

NGCP says it’ ready for surge in power demand during peak load months

National Grid Corporation of the Philippines (NGCP) has given its assurance that it is prepared for the surge in power demand and the constraints that it would bring even during the summer season when temperatures rise. In a statement on Tuesday, June 19, the company said it had recorded this year’s peak load demand at […] The post NGCP says it’ ready for surge in power demand during peak load months appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

DoT’s no-bid contracts to go through CoA, Tourism chief says

The Commission on Audit (COA) is set to audit no-bid contracts under the Department of Tourism (DoT, newly appointed Secretary Bernadette Romulo-Puyat said on Tuesday, June 19. “COA only does post audit… but when I approached Chairman Michael (G.) Aguinaldo, he agreed that all the contracts of the Department of Tourism go through their pre-audit,” […] The post DoT’s no-bid contracts to go through CoA, Tourism chief says appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJun 19th, 2018Related News

Migration prospects can prevent brain drain — World Bank

Labor exporting countries like the Philippines can even benefit from the occurrence of the so-called brain drain if their education systems remain elastic to overseas demand and there is continued investment in human capital, according to a new report by the World Bank......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

MSME loans under CSF program reach P5 billion

Total loans approved by banks to micro, small and medium enterprises under a credit enhancement scheme has reached P5 billion a decade after it was launched, the Bangko Sentral ng Pilipinas said......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

Toyota’s $1-billion investment in Grab credit positive for both – Moody s

The $1-billion investment of automotive giant Toyota Motor Corp. in ride-hailing service provider Grab Holdings Inc. is credit positive for both firms, Moody’s Investors Service said.....»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

DA seeks higher funding for special agriculture development sites

The Department of Agriculture may double the budget for its Special Area for Agricultural Development program for next year, driven by the effectiveness of the project......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

PNOC mulls taking over Malampaya after 2024

The oil and gas exploration arm of state-run Philippine National Oil Co. is looking into the possibility of continuing to run the Malampaya deep water gas-to-power project without its present partners, a ranking official of the Department of Energy said......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

Philippines irons out minor kinks in EFTA deal

The Philippines has addressed the problem which has prevented the country from implementing preferential tariffs for products originating in the European Free Trade Association on time......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

ECCP backs contractualization

The European Chamber of Commerce of the Philippines is pushing for the continued practice of contractualization in the country, but urged the administration to exhibit strong political will, particularly against big companies and industry players engaged in its illegal practice......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News

Peso, stocks fall to new lows

Renewed fears of a possible trade war between the US and China again took its toll on the local financial market as foreign exchange and stock trading succumbed to new lows yesterday......»»

Source: philstar philstarCategory: financeJun 19th, 2018Related News