Stocks rise as market prices in tax reform effect
By Arra B. Francia, Reporter
SHARES jumped on Wednesday as investors priced up shares of companies set to be affected by the government’s tax reform...
US Congressional gold medal for Filipino WWII veterans
By Greg B. Macabenta
On April 7 at the historic Presidio in San Francisco, surviving Filipino World War II veterans or their next of kin living in Northern...
On inflation: Let them eat cake
By Amelia H. C. Ylagan
“Let them eat cake” was supposedly uttered by Queen Marie Antoinette when the peasants stormed the Bastille, asking for bread for their hunger, in...
DENR, MICC push for lifting of MPSA applications
THE Department of Environment and Natural Resources (DENR) and the Mining Industry Coordinating Council (MICC) are lobbying for the lifting of the moratorium on applications for mineral production sharing agreement (MPSA), which can only be possible with a new fiscal regime, according to an official.
Trump and Bolsonaro vs Xi and Duterte
By Bienvenido S. Oplas, Jr.
“I stand before the whole nation on a day when people begin to free themselves from socialism, from the inversion of values, from state gigantism and from the politically correct.” -- Jair Bolsonaro, Brazil, President Inauguration Speech, Jan. 2, 2019
AirAsia PHL load factor hits 86% in 3rd quarter
PHILIPPINES AIRASIA, Inc. said its load factor rose to 86% during the third quarter of 2019, as it expanded its capacity with the launch of new international routes.
Shares climb on positive third-quarter earnings
LOCAL STOCKS picked up on Monday as publicly listed companies started reporting positive earnings in the third quarter.
One-stop shop eyed for accreditation of external auditors
THE Securities and Exchange Commission (SEC) plans to establish one-stop shops for the accreditation of external auditors in the financial sector by next month.
Compulsory investment of branch offices
By Mara Kristina O. Recto
The Revised Corporation Code (RCC), which took effect on Feb. 23 this year, introduced amendments to the otherwise outdated Corporation Code. One of the amendments can be found in Section 143 of the RCC which prescribed the amount of required securities deposit for branch offices of foreign corporations. Pursuant to such an amendment, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 17, Series of 2019 (SEC MC No. 17-2019) on the revised guidelines on securities deposit of branch offices of foreign corporations, which superseded the guidelines set in Memorandum Circular No. 2, Series of 2012 (SEC MC No. 2-2012).
Alcohol, e-cigarette tax hike bags House 3rd reading OK
THE MEASURE increasing excise taxes on alcohol products and e-cigarettes bagged third and final reading at the House of Representatives on Tuesday.
DTI studying expanding trade with Africa, posting attaché next year
THE Department of Trade and Industry (DTI) said it will study the expansion of exports to Africa, particularly Kenya and Egypt, which it views as having the potential to consume substantial quantities of Philippine goods.
Palay farmgate price resumes fall after brief gains
THE AVERAGE farmgate price of palay, or unmilled rice, declined 0.1% week-on-week to P15.55 per kilogram (kg) in the fifth week of November, breaking a two-week run of gains, the Philippine Statistics Authority (PSA) said.