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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),.....»»
PCG reports ongoing dangerous maneuvers from Chinese vessels in West Philippine Sea
The Philippine Coast Guard is sounding the alarm as Chinese vessels continue in engaging in dangerous maneuvers in the West Philippine Sea, despite the presence of PCG and Philippine maritime assets......»»
Navy ready to support PCG patrols in West Philippine Sea
The Armed Forces of the Philippines has reassured the Philippine Coast Guard that the military, primarily through the Philippine Navy, is ready to provide more support in patrol operations being carried out in the West Philippine Sea......»»
Envoy discusses importance of West Philippine Sea, 2016 arbitral ruling
The Philippine embassy in Ankara hosted a special screening of the West Philippine Sea documentary “Kalayaan: Karapatan sa Karagatan,” aimed to educate viewers on the Philippines’ maritime claims in the West Philippine Sea and its ongoing efforts to resolve the contentious issue......»»
Foreign investment pledges plummet in Q1
Investment pledges from foreign firms approved by investment promotion agencies plunged by nearly 64 percent from January to March compared to last year’s level amid a stubbornly high inflation and steep borrowing costs......»»
Coal plants named primary culprits for power supply shortage — report
Energy consumer advocacy group Power4People (P4P) coalition condemned coal plants run by different firms in the country, named by a study as the “primary culprits” for the continuous predicaments of the country’s power grids......»»
State subsidies drop by 8 percent to P20 billion in Q1
The government cut down its budgetary support to state-run firms by eight percent to almost P20 billion in the first quarter, with the bulk of the subsidies meant to support the agriculture sector......»»
Fuel price rollback set in 2nd week of May
Oil firms are set to implement a rollback in pump prices on Tuesday, May 14. .....»»
A century of Philippine accountancy
In my long life as a professional writer – aside from being a fictionist, journalist and academic – I’ve occasionally been asked to write books for both private and public institutions and individuals, usually to commemorate an important milestone. My clients have included banks, power and energy companies, accounting firms, NGOs, business tycoons, politicians and thinkers......»»
Southeast Asia firms face threat of digital break-in–report
Cybersecurity leader Kaspersky has neutralized more than 61 million brute force attacks against businesses in Southeast Asia, including about five million in the Philippines, warning companies to raise their digital defenses or suffer financial consequences......»»
ERC urged to defer power rate hikes
It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»
GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
Big-time oil price rollback set on May 7
Oil firms will implement a big-time oil price rollback in oil products on Tuesday, May 7......»»
Gokongwei anchor firms RLC, URC post strong Q1 earnings
The property development arm and the food and beverage unit of the Gokongwei Group posted robust earnings in the first quarter as sales improved across all their business divisions......»»
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......»»
GOCCs’ dividend remittance bumped up to 75 percent of earnings
The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»
Magalong warns water firms of overpricing
Baguio Mayor Benjamin Magalong has warned local water delivery companies against overpricing and taking advantage of the high demand amid supply shortage......»»