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RHI widens net loss to P360 million

The attributable net loss of sugar and ethanol producer Roxas Holdings Inc. (RHI) in the first quarter of its current fiscal year widened to nearly P360 million as revenues plummeted due to stoppage of its sugar and bioethanol businesses......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

GCash widens global reach

Overseas Filipino workers may connect their GCash accounts with foreign banks by the second quarter of the year, expanding the financial services they can access in the e-wallet......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

Trade gap widens to $4.69 billion in November

The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Bill seeks to waive review fees for indigents

A bill seeking to exempt indigent individuals from paying the review fees for board and Bar examinations on their first take have been jointly filed by five members of the House of Representatives......»»

Category: newsSource:  philstarRelated NewsJan 27th, 2024

Go to DOH: Ensure accessible medical aid

Sen. Bong Go is urging the Department of Health to uphold accessibility of medical aid for indigent patients amid the agency’s increased budget this year......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

DOH, DOLE deny any hand in Cha-cha signature drive

MANILA, Philippines —  Representatives of the Department of Health (DOH) and the Department of Labor and Employment (DOLE) denied that their agencies are involved in the controversial signature campaign to amend the 1987 Constitution. The clarification came after Senator Imee Marcos brought up, during the Senate’s Tuesday hearing, that DOH’s Medical Assistance for Indigent Patients.....»»

Category: newsSource:  inquirerRelated NewsFeb 13th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

DOF mulls mining tax tweaks for royalties, windfall profits

The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

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.”.....»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024

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......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 12th, 2024

Continue serving with care, compassion, PBBM tells DSWD

President Ferdinand R. Marcos Jr. emphasized the importance of serving the public with care and compassion during the Department of Social Welfare and Development's (DSWD) 73rd anniversary celebration. He commended the DSWD for its continuous efforts in providing aid to disaster victims and the disadvantaged sectors. President Marcos urged the DSWD to treat the poor and vulnerable with kindness and empathy, highlighting the agency's role in uplifting communities. He also noted the significant increase in the agency's budget, particularly for programs such as Pantawid Pamilyang Pilipino Program (4Ps), senior pension, food catering operations, and the food stamps program. President Marcos emphasized that the DSWD's programs are designed to offer a hand up rather than a handout, aiming to empower individuals and families to improve their circumstances. He underscored the government's commitment to dignified giving and support for those in need, emphasizing the agency's role in providing assistance while promoting self-sufficiency......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Donald Trumps $3.5bn windfall at stake in Spac deal showdow

The Financial Times, known for its in-depth coverage of global business, economics, and politics, is now offering a special subscription deal for its print edition......»»

Category: newsSource:  thedailyguardianRelated NewsMar 22nd, 2024

DLSU unveils finalists for 2024 Lasallian Scholarum Awards

De La Salle University (DLSU) announces the finalists for this year’s Lasallian Scholarum Awards (LSA), an annual event recognizing outstanding media coverage of the youth and education sectors, which will be held on March 20, 2024 at DLSU Manila. Focusing on the theme “Youth Beat,” the 19th LSA honors professional and student journalists whose outstanding […].....»»

Category: newsSource:  journalRelated NewsFeb 25th, 2024

Thai journalists arrested for news coverage of anarchist graffiti on temple

The two journalists were charged with being accomplices to damaging an historical site and public vandalism, says Thai Lawyers for Human Rights, which is representing the two men.....»»

Category: newsSource:  rapplerRelated NewsFeb 13th, 2024

Sinulog 2024: 442 more cops deployed to secure Cebu’s grand festival

CEBU CITY, Philippines — As additional forces for the security coverage during the upcoming activities for the Sinulog Festival 2024, the Cebu City Police Office will be deploying a total of 442 personnel who are schooling at the Regional Training Center. According to Police Colonel Ireneo B. Dalogdog, CCPO city director, the augmented personnel will.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2024