Gov’t adds more stations to Metro Manila subway

THE Metro Manila subway will now have 17 stations, after the Transportation department decided to expand the original plan to include more stations.

Big fund managers buy PHL stocks in ‘mega sale’

BIG Philippine money managers are cautiously plowing back money into the nation’s equities, seeing cheapened valuations as an opportunity they have been waiting for, although the market has yet to bottom out.

POGOs start to exit PHL — regulator

TWO Philippine offshore gaming operators (POGOs) have exited the country, according to the industry regulator, with more expected to follow suit as they face difficulties in securing tax clearance from the Bureau of Internal Revenue (BIR).

Treasury launches ‘Premyo’ bonds

THE BUREAU of the Treasury on Monday launched its one-year peso-denominated “Premyo bonds para sa bayan” (Premyo bonds) as part of its bid to lure more small investors to government securities.

Hong Kong-based toy manufacturers mull relocating to Philippines

HONG KONG-BASED toy manufacturers are considering relocation to the Philippines, the Board of Investments (BoI) said on Wednesday.

Rules on tax deadline extensions released

THE Bureau of Internal Revenue (BIR) extended the deadline for the filing of all tax returns, tax payments and submission of documents as the country remains under a state of national emergency due to the coronavirus outbreak.

DMCI warns Maynilad could face financial crunch

MAYNILAD WATER Services, Inc. risks financial difficulty should its creditors simultaneously demand payment of loans totaling some P42 billion due to a “material change” in its contract with the government, which has revoked extension of the water concession beyond 2022.

Shares in Ayala-led AREIT tumble in market debut

SHARES of Ayala-led AREIT, Inc., the country’s first real estate investment trust (REIT), tumbled in its market debut on Thursday.

Family-run firms still dominate Philippine business

By Arra B. Francia, Reporter FAMILY-OWNED companies continued to dominate the Philippine business landscape, according to a report by Credit Suisse Research Institute that showed...

Think tank says PHL political governance weakest in Asia

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES has the weakest governance system in Asia, an international think tank said, noting that abrupt policy changes...

PSE’s short selling plan to proceed, chief says

The Philippine Stock Exchange will allow short selling as soon as issues on borrowing and lending of securities before the Securities and Exchange Commission and tax bureau are resolved, President Ramon Monzon said.

BIR’s notice of discrepancy reinstated

THE Bureau of Internal Revenue (BIR) will now issue a notice of discrepancy to inform taxpayers of their tax deficiencies as part of an audit, replacing the notice of informal conference (NIC).