BUDGETARY support to state-owned firms released in May rose nearly 467% after the release of the second tranche of the wage subsidy program, the Bureau of the Treasury said.

REAL ESTATE loans will likely cool in the second quarter after the pandemic left many jobless and eroded job security for the rest of the workforce, making loan applicants less likely to be approved, Colliers Philippines said.

INFORMATION and Communications Technology Secretary Gregorio B. Honasan II has designated Undersecretary Ramon P. Jacinto to lead the department’s efforts in the areas of “government digital broadcast television and the digitization of the entertainment industry sector.”

THE Department of Energy (DoE) is planning to draft an order promoting the development of geothermal energy, in a bid to regain prominent position for the Philippines among global producers.

A MEASURE creating an investment and infrastructure hub in Central Luzon has been refiled in the Senate after similar legislation was vetoed in the last Congress.

In last week’s article, we discussed the salient features of the CREATE bill: the immediate Corporate Income Tax (CIT) rate cut; the extended NOLCO application; the rationalization of fiscal incentives, and other notable features. This week’s article will focus on the proposed fiscal incentives available to prospective and existing investors as well as the strategies that investors may explore to maximize tax perks.

The unexpected 50 basis point (bp) reduction in benchmark interest rates is being positioned as a measure to restore consumer and business confidence, the...

Transportation Secretary Arthur P. Tugade has ordered shipping lines to offer at least a 40% discount off regular shipping rates for shipments of food...

Provinces that are reopening their tourist attrcations are focusing on domestic visitors initially, with Boracay only allowing guests from the immediate region, Tourism Secretary...

Home prices grew in the double digits in the first quarter, the Bangko Sentral ng Pilipinas (BSP) said. According to the central bank's Residential Real...

THE Philippine International Trading Center (PITC), an arm of the Department of Trade and Industry (DTI), has abandoned plans to import 300,000 metric tons...

THE INBRED rice seed currently being handed out to farmers is designed to be planted right away, and improper storage in the event of...