Power industry warns of tight supply during dry months
THE National Grid Corp. of the Philippines (NGCP) and the Independent Electricity Market Operator of the Philippines, Inc. (IEMOP) separately raised concerns yesterday about power supply in May.
Customs bureau misses Jan. collection target
THE Bureau of Customs (BoC) said it missed its January tax collection target by 3.5% or P2 billion due in part to Lunar New Year falling during the month, with the result not yet reflecting the disruptions to global trade posed by the coronavirus outbreak.
NTC awaiting legal advice on ABS-CBN operations past March
THE Justice department will issue a legal opinion to the telecom regulator next week on whether ABS-CBN Corp. can operate after its franchise expires at the end of March.
Airline industry seeks removal or reduction of travel tax
THE Air Carriers Association of the Philippines, Inc. (ACAP) is asking the government to eliminate or reduce the travel tax to help the tourism sector recover from the China coronavirus outbreak.
USDA expects PHL alcohol sales to stay high
THE Philippines will continue to post strong sales of alcoholic beverages even with an increase in excise tax, the United States Department of Agriculture (USDA) said.
Peso weakens slightly as coronavirus cases increase
THE PESO slightly weakened on Thursday on risk-off sentiment due to new cases of the coronavirus disease 2019 (COVID-19) outside China and with signals that the US Federal Reserve might not tweak its rates anytime soon.
Shares rise further as China cuts benchmark rate
THE MAIN INDEX sustained its climb on Thursday as positive investor sentiment due to China’s rate cut buoyed the local bourse.
Baguio eyes WTE plants on Pinsao lot
THE BAGUIO City government is looking at a five-hectare property in Pinsao village as potential site for waste-to-energy (WTE) plants as well as the relocation of the slaughterhouse.
Manila gov’t partners with PayMaya for citizen ID cards
DIGITAL PAYMENTS firm PayMaya Philippines, Inc. announced on Thursday that the city government of Manila has started rolling out the PayMaya citizen ID cards to its residents, including senior citizens, persons with disabilities (PWDs), and solo parents.
Senate body approves CITIRA bill
A SENATE COMMITTEE on Wednesday approved a priority bill of President Rodrigo R. Duterte that seeks to lower corporate income tax and streamline fiscal incentives.
S&P trims Philippines 2020 growth outlook
S&P GLOBAL RATINGS trimmed its growth outlook for the Philippines this year, even as it expects the economy to be one of the “least affected” by the coronavirus disease 2019 (COVID-19) outbreak in the Asia-Pacific region.
Auto sales fall as Taal eruption disrupts operations
AUTOMOTIVE SALES dropped by 12% in January after manufacturing plants and dealerships in Calabarzon (Cavite-Laguna-Batangas-Rizal-Quezon) temporarily halted operations due to the eruption of Taal Volcano, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Wednesday.