Lawmakers call for social mitigation on TRAIN
LAWMAKERS on Tuesday urged the government to fast-track implementation of social mitigation measures in the light of the Tax Reform for Acceleration and Inclusion (TRAIN) Law and rising inflation.
PHL helps spur ASEAN factory activity
THE PHILIPPINES stayed second in terms of manufacturing performance in the Association of Southeast Asian Nations (ASEAN) in May, despite logging its best Purchasing Managers’ Index (PMI) reading so far for the year.
BSP prepares big banks for stiffer liquidity rules
THE Bangko Sentral ng Pilipinas (BSP) will closely monitor liquidity buffers held by big banks starting July, ahead of adopting tighter rules which ensure that lenders can stay afloat for at least a year.
Asia sees China and United States as threats to rules-based order
LONDON -- For many US allies, Secretary of Defense James Mattis is the last of the Trump administration’s so-called grown-ups in the room.
Andrew Tan steps down as AGI chief executive
By Arra B. Francia, Reporter
TYCOON Andrew L. Tan has stepped down as chief executive officer of holding company Alliance Global Group, Inc. (AGI), appointing...
DNL eyes more partnerships with global food manufacturers
D&L Industries, Inc. (DNL) targets to seal more partnerships with global food manufacturing companies, similar to its existing one with United States-based food manufacturer Ventura Foods, in a bid to further grow its exports business.
IRC proposes mass transport system in Makati
IRC Properties, Inc., now led by businessman Antonio L. Tiu, is seeking to build a mass transportation system within Makati City to address traffic congestion in the country’s central business district.
Robinsons opens up Manila Bay project to Airbnb, HomeAway
ROBINSONS LAND Corp. (RLC) is opening up one of its residential developments in the Bay Area to home-sharing online apps, seeking to capture the rising tourist market in the area.
Factory activity best in five months
PHILIPPINE manufacturing activity saw “solid improvement” in May, picking up for the third straight month on growing demand despite “intensified” cost pressures passed on to customers via higher prices, according to the latest monthly tracking IHS Market conducted for Nikkei, Inc.
Duterte to sign loan, cooperation agreements with South Korea
PRESIDENT Rodrigo R. Duterte is set to sign four memoranda of understanding (MoU) with the South Korean government during his first official visit on June 3 to 5.
Cavitex widening, Marina flyover sees early completion
ADVANCED completion in July is being targeted for the Manila-Cavite Expressway (Cavitex) road-widening project and the construction of the southbound Marina flyover.
Around half of establishments with productivity schemes in 2015 availed of tax incentives —...
OF THE 2,448 establishments that set up productivity schemes in 2015, around half availed themselves of tax incentives under the Productivity Incentives Act of 1990 (Republic Act 6971), according to the latest biennial Integrated Survey on Labor and Employment conducted by the Philippine Statistics Authority (PSA).