BoC expects full national coverage for fuel-marking scheme by June
THE Bureau of Customs (BoC) said it expects full coverage nationwide for the fuel marking system within four months of the trial period beginning in February.
Rice farmers to be granted P5,000 in one-time cash assistance
THE government is setting aside P3 billion from rice import tariffs to fund a one-time cash assistance program for rice farmers affected by the plunging price of palay, or unmilled rice.
DTI bats for duty-free parts imports for Lufthansa aircraft repair unit
TRADE Secretary Ramon M. Lopez said an aircraft maintenance and repair company, Lufthansa Technik Philippines (LTP), should enjoy tax-free and duty-free spare parts imports under the proposed Comprehensive Income Tax and Incentives Rationalization Act (CITIRA).
AirAsia resumes Clark service to Aklan airports amid rising Boracay demand
AirAsia Philippines said Friday that it resumed its thrice-weekly flights service Clark to Kalibo and added more flights from Clark to Caticlan amid “increased demand” for flights to Boracay.
NEA sued over Zamboanga power contract award
FORTY-SEVEN residents of Zamboanga sued officials of the National Electrification Administration (NEA) for alleged graft in approving the investment management contract (IMC) between the Zamboanga City Electric Cooperative, Inc. (Zamcelco) and Crown Investment Holdings, Inc.
SSS discontinues benefits disbursal by check
THE Social Security System (SSS) said Friday that it will no longer use checks to disburse benefits and will release payouts through accredited banks.
Fintech held back in PHL by infrastructure, preference for cash — Visa
INFRASTRUCTURE and an enduring preference for cash are holding back the financial technology (fintech) industry in the Philippines, but the tide will turn when international firms decide that the market is ready, a Visa official said Thursday.
Peso rises on Brexit deal, weak US data
THE PESO rose further on Friday on the back of positive Brexit developments and a series of weak US data.
China data, profit-taking and FTSE rebalancing pull down Philippine stocks
THE MAIN INDEX ended two straight days of gains on Friday, as reports on slowing growth in the world’s second-biggest economy weighed and investors took profits.
ADB boosts Philippine lending
THE ASIAN DEVELOPMENT BANK (ADB) has increased its overall lending program to the country to a “record” level up to 2022, with the biggest focus this time on infrastructure projects, the regional lender announced in a press briefing on Thursday.
Electronics exporters confident of 2019 goal
THE COUNTRY’s electronics manufacturers expect to hit their conservative export growth target this year, the head of the industry group said in an interview on Thursday, banking on the seasonally strong period for sales this quarter.
Hot money flows out for 2nd month in Sept.
FOREIGN portfolio investments -- also called “hot money” due to the ease by which these funds enter and leave the economy -- posted a net outflow for the second straight month in September, though by a smaller amount from the preceding month and a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.