Positive outlook for retail in the Philippines
Oxford Business Group
Strong consumer demand and economic expansion should drive further growth in the Philippine retail sector, assisted by increased bank lending and subdued...
DBM hoping for 2018 budget approval by October
By Elijah Joseph C. Tubayan,
Reporter
THE Department of Budget and Management (DBM) is optimistic budget legislation for 2018 will be passed by October, alongside the...
National ID to help deter welfare fraud — Diokno
THE GOVERNMENT’S provision of relief from higher prices of commodities due to higher taxes will drive the need for a national identification system to...
Davao del Sur’s Malalag Port taken over from LGU by PPA
By Imee Charlee C. Delavin, Reporter
THE Philippine Ports Authority (PPA) has taken over the management and operations of Malalag port in Davao del Sur...
New Finance department offices to shepherd fiscal reforms
PRESIDENT Rodrigo R. Duterte has signed Executive Order (EO) No. 31 creating a “specialized” body within the Department of Finance (DoF) tasked to give...
Domestic travel dominated by youth demographic
MILLENNIALS were the most traveled within the country last year, according to the latest data released by the Philippine Statistics Authority and Department of...
A Letter Notice cannot substitute for a Letter of Authority
By Kathrine Joy S. Capales
Taxation is the lifeblood of the government. Through the collected taxes, the government is able to fund the increasing need of its people for...
Germany offers aid in maritime, aviation, rail development
By Imee Charlee C. Delavin, Senior Reporter
GERMANY has expressed interest in helping develop the Philippines’ maritime, rail and aviation sectors, yesterday kicking off by signing...
7 projects lined up for funding by Korea Eximbank
THE Department of Finance (DoF) said it has identified seven projects to be funded by the $1 billion concessional loan offered by South Korea...
Subsidies on state-owned firms decline over 45% in May
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell over 45% in May, according to data from the Treasury bureau.
The national government remitted a...
DoTr appoints former MMDA head as undersecretary for roads
FORMER Metro Manila Development Authority (MMDA) General Manager Thomas M. Orbos has been appointed Undersecretary for Road Transport and Infrastructure of the Department of...
Agrinurture raises stake in Chinese firm to majority
AGRINURTURE, Inc. said its board has approved the acquisition of 2% of China’s Zongshan Fucang Trade Co. Ltd, taking its holding in the Guangdong...