Operations at MRT-3 resume on Dec. 1 after major repairs
THE METRO Rail Transit Line 3 (MRT-3) will resume operations on Dec. 1 after repair works at the Taft section were completed, according to the Transportation department.
Catch-up spending seen to lift Q4 GDP
STATE AGENCIES will have to significantly ramp up spending in December to boost fourth-quarter gross domestic product (GDP), after the government continued to underspend amid the coronavirus pandemic.
PHL schools need new curriculum to boost talent competitiveness
THE Philippines should improve the education curriculum to boost competitiveness of its future workers, business leaders said.
PSEi ends higher in November on vaccine hopes
THE WAVE of positive news on coronavirus disease 2019 (COVID-19) vaccine candidates and improved third-quarter earnings of listed companies pushed the Philippine stock market to one of its best months in November.
Peso may climb further
THE PESO may strengthen further versus the dollar this week ahead of the release of data on manufacturing, inflation and unemployment.
Coronavirus infections nearing 430,000 — DoH
THE DEPARTMENT of Health (DoH) reported 2,076 coronavirus infections on Sunday, bringing the total to 429,864.
House leader backs declaration of climate emergency
THE DECLARATION of a climate emergency in the Philippines would encourage swift action to combat climate change and ease its impacts, the Speaker of the House of Representatives said on Sunday.
CREATE’s lower corporate tax rate to be applied retroactively
THE PROPOSED 25% corporate income tax (CIT) will be applied retroactively to July 1, 2020 if the Corporate Recovery and Tax Incentives for Enterprises (CREATE) legislation is signed, Finance Secretary Carlos G. Dominguez III said.
Philguarantee could cover loans of up to P300M next year
PHILIPPINE GUARANTEE Corp. (Philguarantee) said it could cover loans of up to P300 million starting next year, with small-, medium-sized and large organizations eligible to apply.
Assistance to shipping industry to take form of subsidized port fees
THE Philippine Ports Authority (PPA) said the shipping industry will receive assistance from the government’s second stimulus package in the form of subsidized port fees.
Labor dep’t employment listings to highlight ‘green’ jobs
ENVIRONMENTAL PRESERVATION jobs have been included in the Department of Labor and Employment’s career information system targeted for launch online early next year, a Labor official said Saturday.
Peso up on ‘hot money’ data
THE PESO strengthened slightly versus the dollar on Thursday following the release of data showing net hot money inflows in October.