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‘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......»»
Exports expected to gradually recover this year
The Philippines is expected to see an improvement in exports this year, but the recovery would be gradual, according to think tank Oxford Economics......»»
Russian car production surged in 2023 - data
The industry has rebounded after a sharp downturn in 2022 Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday. Car production in Russia rose by 16% in 2023, with ov.....»»
PSEi forecast to touch 7,000
The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»
Clark airport exceeds 2023 passenger target
Clark International Airport, the alternative gateway to Metro Manila, breached its passenger target in 2023 amid the recovery of global air travel......»»
Philippine stocks advance following Wall Street rally
Philippine stocks bounced back yesterday, aligning with the recovery in Wall Street......»»
2 cyclones may enter Philippines this month
One to two tropical cyclones may develop within the Philippine Area of Responsibility in June, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration......»»
ABBA members reunite to receive top Swedish honor
The 4 members – who rarely make public appearances together – are handed their orders from King Carl XVI Gustaf 'for very distinguished contributions within Swedish and international music life'.....»»
Inflation likely stayed elevated in May – BSP
Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP)......»»
China trespasser policy worries United States
The United States has expressed concern over China’s new regulation allowing its coast guard to detain “trespassers” in the South China Sea, including in areas within the Philippines’ exclusive economic zone, Armed Forces chief Romeo Brawner said yesterday......»»
Faster GDP growth seen in 2nd quarter
he country’s gross domestic product growth will likely accelerate to 5.9 percent in the second quarter from 5.7 percent in the first quarter, supported by high employment, government spending and within-target inflation, according to First Metro Investment Corp. and University of Asia and the Pacific......»»
Sidewalk vendors around Davao’s Bankerohan Market assured transfer won’t affect sales
DAVAO CITY (MindaNews / 24 May) – An official from the City Economic Enterprise (CEE) assured sidewalk vendors they won’t be having problems with sales if they will be transferred within the Bankerohan Public Market. The vendors, who used to encroach on sidewalks near the market, such as near Marfori Street, Datu Bago Street, and […].....»»
LIST: All 69 officials suspended due to Chocolate Hills resort
CEBU CITY, Philippines – The case involving the controversial resort in Bohol’s famous Chocolate Hills was unprecedented. A total of 69 officials and government employees – from Gov. Erico Aris Aumentado down to the barangay level – had been put under preventive suspension for six months for allowing the construction of the resort within the.....»»
Lagman hopeful Senate leadership change may benefit economic Cha-cha
Latest developments in the Senate could bring about changes in the way the House of Representatives-approved economic Charter change (Cha-cha) bill will fare, which may also be passed by the senators within the year, an independent opposition lawmaker hinted......»»
The new life skill of being wise online
Even before COVID-19 forced us to learn to do many things within the confines of our homes, technology has long promised to change the way we work, study and live......»»
Aghon landfall over Ticao Island seen, may intensify into typhoon — PAGASA
Tropical Depression Aghon may possibly landfall over Ticao Island this Saturday evening, this as PAGASA forecasts the cyclone to intensify into typhoon category within three days......»»
Domestic trade expands 47 percent to P390 billion in Q1
The value of commodities traded within the country posted a double-digit growth in the first quarter, according to the Philippine Statistics Authority (PSA)......»»
Trillo says Meralco near-meltdown vs Ginebra unacceptable
Despite holding on against Barangay Ginebra in Game 3 of the PBA Philippine Cup semifinals on Wednesday, the Meralco Bolts said that the team should not have allowed the Gin Kings to go within striking distance in the final minutes of the game......»»
Marcos confident Eastern Visayas insurgency defeated during his term
President Marcos yesterday expressed optimism that the communist rebellion in Eastern Visayas – a region with areas that have been labeled as insurgency hotbeds – would be defeated within his term......»»
China sees red, issues warning as Philippine activists sail towards disputed reef
Manila [Philippines], May 16 (ANI): Philippine activists have embarked on a voyage towards a disputed reef in the South China Sea, prompting China to issue warnings against Manila for permitting the civilian mission in the West Philippine Sea, a term Manila uses for waters in the South China Sea that fall within its 200-nautical mile EEZ, Voice of America reported. A makeshift fleet comprising hundreds of fishing boats de.....»»