House approves real property valuation bill on third reading
THE House of Representatives on Monday approved on third and final reading Package three of the Comprehensive Tax Reform Program (CTRP), the bill that will centralize the valuation and assessment of real property.
3 years’ notice considered for power plant outages
THE Department of Energy (DoE) has released a draft circular that will require power generation plants connected to the transmission grid to submit their planned or scheduled outages for three years.
DoLE says flexible work hours must come with overtime
THE Department of Labor and Employment (DoLE) backed measures to facilitate the adoption of alternative work arrangements on a voluntary basis, on the condition that companies continue to pay overtime and night differentials.
‘No chance’ P750 NCR daily wage will be approved — ECoP
EMPLOYERS said they see no chance of approval for a proposed daily minimum wage of P750 for Metro Manila workers, a year after the region last increased its minimum wages.
BDO’s Tan sees growth continuing after BSP moves to expand liquidity
BUSINESS sentiment remains positive with the economy continuing on its growth trajectory and liquidity abundant due to the central bank’s expansionary measures, the head of BDO Unibank, Inc. said.
PAL on-time performance hits record in October; Cebu Pacific improves
PHILIPPINE AIRLINES’ (PAL) running average on-time performance (OTP) was a record 92% in October while Cebu Pacific improved to 85%, the Department of Transportation (DoTr) said Monday.
ASF containment plan could be issued as AO
THE national zoning plan for controlling the spread of African Swine Fever (ASF) will be implemented as an administrative order (AO) to ensure effective implementation, the Department of Agriculture (DA) said.
Vaping tax bill seen passing Senate on 2nd reading in early December
THE measure imposing higher excise taxes on alcohol products, electronic cigarettes and other vapor products is expected to pass the Senate on second reading by Dec. 4, Majority Leader Juan Miguel F. Zubiri said.
Peso strengthens on prospects of US-China deal
THE PESO appreciated on Monday on the back of positive developments in the US-China trade talks as well as US manufacturing data.
Shares decline as net foreign selling continues
LOCAL SHARES moved down on Monday as foreign investors continued selling their holdings amid concerns in the market.
Baguio City plans street parking fees
THE BAGUIO City government is looking at the imposition of parking fees along nine main roads as part of the traffic management program to lessen decongestion in central areas.
Passi City wants to be home of Iloilo’s 2nd airport
PASSI CITY, located in the central part of Panay Island, is proposing to host the second airport in Iloilo province, to be built either through national funding or a public-private partnership (PPP).