GERI eyes P8 billion in sales from Ortigas condo
GLOBAL-ESTATE Resorts, Inc. (GERI) is aiming to generate P8 billion in sales from its fifth residential condominium in Ortigas Center, banking on its proximity to educational institutions and key business districts.
Big banks’ NPLs inch up in April as lending surges
SOURED DEBTS held by big banks stayed relatively modest in April even as lending surged by almost a fifth, latest central bank data showed.
Solar PHL aims to deliver 24-hour power in 2 towns
SOLAR Philippines Power Project Holdings, Inc. targets to deliver 24 hours of electricity to two towns in Masbate and Cagayan provinces by the end of June as the company expands its initiative to build microgrids in poorly served areas in the Philippines.
BIR ordered to return P50 million in excess taxes to San Miguel
THE Court of Tax Appeals (CTA) has granted San Miguel Holdings Corp. (SMHC) a partial tax refund of P50.61 million for “excessive” taxes collected by the Bureau of Internal Revenue (BIR).
Wage boards briefed on impact of TRAIN law
THE National Wages and Productivity Commission (NWPC) said regional wage boards have been briefed about the impact of tax reform by key government agencies, which provided data that the boards are expected to consider when they rule on wage petitions.
TransCo to apply for lower FiT rate for 2019
THE National Transmission Corp. (TransCo) expects electricity users to pay a lower feed-in tariff allowance (FiT-All) for 2019 as it plans to seek from the Energy Regulatory Commission (ERC) a rate below 2018’s P0.2932 per kilowatt-hour (kWh).
Government cash usage rises in May vs April
NATIONAL GOVERNMENT agencies’ cash use accelerated in the middle of the second quarter, according to data from the Department of Budget and Management (DBM).
Trade remains a drag in April as exports drop to lowest level in nearly...
THE country’s trade deficit expanded in April on account of declining merchandise exports and a double-digit surge in inbound shipments, the government reported on Friday.
Filipino consumers more optimistic for Q2
MORE Filipinos grew optimistic for the second quarter amid perceived improvement in peace and order, and bigger incomes, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
BSP may need to tighten policy further — Deutsche Bank
SUCCEEDING rate hikes may need to be implemented by the Bangko Sentral ng Pilipinas (BSP) over the coming year in order to arrest faster inflation and keep the peso competitive, a global bank said.
Century Properties to distribute P200M in dividends in July
CENTURY Properties Group, Inc. (CPG) has allocated a total of P200 million in dividends to be distributed to its shareholders by July 6.
Veterans Bank relaunches Mindanao branches as it targets new market
DAVAO CITY — Philippine Veterans Bank (PVB) has started relaunching its branches in key Mindanao cities as it aims to expand its market base, beginning with soldiers, military retirees and local government employees.