LTFRB given power to set ride-sharing fares

THE Department of Transportation (DoTr) has empowered the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate fares charged by transport network companies (TNCs) and transport network vehicle services (TNVS).

BSP exec downplays rate hike calls

A CENTRAL BANK official has downplayed calls for a fresh hike in benchmark interest rates in the face of faster inflation, arguing such a move will not arrest supply-driven pressures.

Tougher rules in store for 3rd major telco

GROUPS looking to vie for the distinction of becoming the Philippines’ third major telecommunications service provider likely face tougher financial and technical requirements, according to departments overseeing the process.

All eyes on Fed, ECB as they tighten policy in tandem

FRANKFURT -- Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.

Treasury bills rates expected to move sideways

YIELDS ON Treasury bills (T-bills) on offer today are seen to move sideways, after the government’s offering of retail bonds attracted strong demand last week.

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.