Electric cooperatives (ECs) reported a 4% decline in revenue from power sales to P211.46 billion, even as sales volumes rose, according to the National...

UNFUNDED pension liabilities of the Social Security System (SSS) are currently at P4.3 trillion, somewhat mitigated by the Philippines' young workforce, a senior legislator...

CASH REMITTANCES are expected to rebound with growth of 4% this year after an 0.8% contraction in 2020 as overseas workers’ host countries make progress on their vaccine rollouts and economic reopenings, a senior Security Bank Corp. executive said.

AYALA-CONTROLLED Manila Water Co., Inc. has completed its discussions with the government on a “new and better” water concession contract, Justice Secretary Menardo I. Guevarra told reporters Thursday.

BOTH HOUSES of Congress ratified the bicameral conference committee report on a bill authorizing the President to defer any scheduled increases in the Social Security System (SSS) contribution rate during calamities.

THE Philippine Ports Authority (PPA) said Thursday that net income in 2020 was P6.138 billion, down 16%, mainly due to the impact of the public health crisis on its operations.

THE DEPARTMENT of Energy (DoE) has fined Semirara Mining and Power Corp. (SMPC) P610,000 for violating coal trading accreditation and end-user registration rules, SMPC said in a disclosure.

THE National Power Corp. (Napocor) and the National Transmission Corp. (TransCo) expect their expansion activities this year to bring power to 30,000 more households, the Department of Finance (DoF) said in a statement on Thursday.

MULTIPLE POULTRY import bans imposed even on countries accounting for a small share of the Philippine market have reduced import volumes by more than half, meat importers said.

Prospective investors have to consider a number of factors when investing. From a tax perspective, one consideration is whether there is a tax treaty that provides preferential tax rates on anticipated returns and double taxation can be avoided. Investors who are residents of countries that do not have such treaties with the Philippines, however, are not totally without recourse as far as reducing the tax on their dividend income.

SENATOR Emmanuel D. Pacquiao filed a bill Wednesday calling for a further P335 billion in stimulus spending to aid in the recovery from the economic downturn.

THE Transportation department has started soliciting bids for the building and civil engineering works contract package of the South Commuter Railway, covering about 7.9 kilometers of at-grade and viaduct railway track structures, including an elevated station at Buendia and at-grade stations at EDSA and the Senate.