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PPA targets P5 billion dividends in 2024
The Philippine Ports Authority plans to increase its contribution to the government to as much as P5 billion this year to retain its position as one of the highest remitters among state-run firms......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
8 more firms flagged for Ponzi-like schemes
For operating like Ponzi schemes, eight more entities were flagged yesterday by the Securities and Exchange Commission , as the state regulatory body advised the public against dealing with them, especially giving in to their solicitations for investments......»»
SEC streamlines capital raising for power firms
he Securities and Exchange Commission has streamlined the registration process for capital raising of power generation companies and distribution utilities, in support of the public offering mandate stipulated in the Electric Power Industry Reform Act of 2001......»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
Firms target professionals with overseas experience
Companies are expressing a preference for Filipino professionals with overseas experience for leadership roles as they continue the shift toward digitalization as well as the rise of shared service hubs, according to global recruitment specialist Robert Walters......»»
Marcos OKs pharma-zones for cheaper generics
To ensure the availability of affordable medicines, President Marcos is pushing for measures to encourage both local and foreign pharmaceutical firms to take part in drug manufacturing in the country......»»
IBPAP eyeing new markets in Europe
The umbrella group of information technology-business process management firms in the country is aiming to grow and tap new markets in Europe as the Philippines and European Union resume negotiations for a free trade agreement......»»
GOCC subsidies down 18 percent to P164 billion in 2023
Budgetary support to state-run firms slipped to P164 billion last year amid a tight fiscal space but the health and agriculture sectors remain the priorities for subsidies......»»
Auto, EV players welcome possible tariff relief for hybrid, e-motorcycles
Automotive firms and electric vehicle players welcomed yesterday the potential expansion of the list of vehicles that can enjoy lower tariffs to include hybrid vehicles and e-motorcycles currently being studied by the government, saying that their inclusion may promote the shift to more environment-friendly transport options......»»
Indian firms to offer solutions for finance, agri, health at tech summit
Over 57 Indian tech companies will present their digital products and solutions in areas like fintech, agritech, and healthtech at the first ever India-Philippines Tech Summit on March 5 in Taguig City. .....»»
Over 100,000 firms suspended
Over 100,000 corporations have been suspended by the Securities and Exchange Commission for non-filing of reportorial requirements......»»
Comelec: 2 tech firms ineligible to supply internet voting
The Commission on Elections is set to hold another public bidding for internet voting as the only two bidders were both declared ineligible......»»
Growing local support for ICC doesn’t convince Marcos to change stance
Separate surveys conducted in December 2023 by polling firms Social Weather Stations and OCTA reveal an increasing trend in favor of the ICC probe.....»»
JICA leads project to reprocess food waste
The local government of Mandaue, Cebu is working with the Japan International Cooperation Agency and two Japanese firms for a feasibility study to convert food waste to energy, soil conditioner or animal feeds to promote a circular economy and fight climate change......»»
Pump price rollback set on February 13
Motorists can allocate more money for flowers or chocolates this Valentine's Day as oil firms will implement a rollback in pump prices on Tuesday......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
Xinhua world economic news summary at 0900 GMT, Jan. 31
TOKYO -- Tokyo stocks closed higher on Wednesday, as investors took an optimistic attitude for the domestic earnings season over positive results reported by Japanese firms. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 220.85 points, or 0.61 percent, from Tuesday to close the day at 36,286.71. The broader Topix index, meanwhile, finished 24.17 points, or 0.96 percent,.....»»
BPO workers in economic zones must work on-site, says DOJ
Business process outsourcing firms (BPOs) within special economic zones that adopt work-from-home (WFH) arrangements for their employees are no longer entitled to tax incentives, according to the Department of Justice (DOJ). In a legal opinion dated Jan. 3, Justice Secretary Jesus Crispin Remulla contradicted the position taken by the Department of Trade and Industry (DTI),.....»»
Pharma firms told: Report ties with health care providers
Amid the “prescription for sale” controversy, all pharmaceutical and other medical supply companies are reminded to submit reports on financial relationships with health care providers to the Food and Drug Administration......»»