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Himachal Pradesh CM Sukhu inaugurates 22 new branches of HPSCB; launches two new schemes
Shimla (Himachal Pradesh) [India], March 6 (ANI): Chief Minister Sukhvinder Singh Sukhu virtually inaugurated 22 new branches of the Himachal Pradesh State Cooperative Bank (HPSCB) on Wednesday. According to an official release from the Chief Minister's Office (CMO), "CM Sukhu launched two new schemes, the 'One-Time Resolution Scheme' and a Loan Scheme for developing high-density apple orchards."The Chief Minister also la.....»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
DOF finalizing P55.7 billion loan for Metro Manila subway
The government targets to secure P55.7 billion in loans from the Japanese government for the third tranche of financing for the Metro Manila Subway Projects by March......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
British Chamber pushes for Anti-Agricultural Smuggling Act, lauds appointment of Recto as DOF Secretary
BCCP Executive Director/Trustee Chris Nelson reiterates support for the passage of the Anti-Agricultural Smuggling Act, one of the key priority legislation under the Marcos administration......»»
Rep. Ralph Recto itinalagang bagong finance secretary
MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»
Korea mulls $3 billion financing facility
The Korean government is looking at establishing a $3-billion funding facility for the Philippines to finance various projects......»»
Philippines mulls cloud seeding to quench drought
MANILA, April 30 (Xinhua) -- A government official said Tuesday that the Philippines is mulling cloud seeding to quench the country's thirst amid the drought caused by the El Nino phenomenon, which has affected 2.9 million people. Task Force El Nino spokesperson Joey Villarama told reporters that 131 cities and municipalities across the country have declared a state of calamity in response to the devastating eff.....»»
PNP mulls holding Alvarez liable for sedition
The Philippine National Police is studying if Davao del Norte 1st District Rep. Pantaleon Alvarez can be held liable for inciting to sedition after the lawmaker urged the military to withdraw its support for President Marcos......»»
SC mulls use of AI translators, podcasts about cases
BAGUIO CITY, Philippines — Imagine adaptive algorithms translating courtroom exchanges from English to major Filipino dialects in real time for the benefit of litigants, or podcasts that explain the scope and impact of landmark decisions to average citizens. These are just samples of the technological and educational innovations that may soon be embraced by the.....»»
PDEA mulls suing vlogger over Marcos watchlist docs
The Philippine Drug Enforcement Agency is eyeing criminal charges against a vlogger who used documents purportedly from the PDEA, which the agency said were fake, in claiming President Marcos was on the drug watchlist......»»
Marubeni mulls RE foray, industrial estate development in Philippines
Japanese trading giant Marubeni is mulling an industrial estate comeback in the Philippines, while also exploring possible ventures into the renewable energy space......»»
Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP
CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»
DOJ mulls another autopsy on Percy Lapid slay suspect
The Department of Justice said that it ordered to conduct another autopsy on former Bureau of Corrections (BuCor) Deputy Security Officer Ricardo Zulueta, a co-accused in the Percival Mabasa or Percy Lapid slay case......»»
NFA mulls hike in selling price
The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»
Lufthansa mulls return of direct flights to Manila
Germany’s flag carrier Lufthansa is assessing the viability of flying back to Manila as part of its expansion plans in Southeast Asia......»»
Biden says Israel agrees to stop Gaza attacks for Ramadan as Hamas mulls draft truce proposal
The draft proposal, which would allow hospitals and bakeries in Gaza to be repaired and 500 aid trucks to enter the battered enclave every day, is the most serious attempt in weeks to end the conflict.....»»