Exodus of online casinos empties Manila’s residential towers
AN EXODUS of online casinos from Manila is slowly emptying the Philippine capital’s residential towers, pulling rents lower, according to property broker KMC Savills, Inc. Next year could be worse, it said.
BIR extends ITR filing deadline to May 30
THE Bureau of Internal Revenue (BIR) has moved to May 30 the deadline for the filing of 2019 income tax returns (ITR), after the government extended the enhanced community quarantine (ECQ) in Luzon until end-April.
MerryMart shares soar in PSE debut
SHARES in grocery operator MerryMart Consumer Corp. rose by 50% on Monday on its first day of trading at the Philippine Stock Exchange (PSE), as investors were optimistic over the country’s first initial public offering (IPO) for the year.
BIR launches voluntary assessment program as it cuts audits amid pandemic
THE Bureau of Internal Revenue (BIR) is offering a program to allow taxpayers to voluntarily settle their tax arrears, as the agency seeks to reduce its audit investigations amid the coronavirus disease 2019 (COVID-19) pandemic.
Flying high: Private aircraft demand soars in the Philippines
DEMAND for private aviation services in the Philippines is growing amid a coronavirus pandemic that has battered commercial airlines.
Expect EDSA traffic to ease by yearend — DPWH
THE DEPARTMENT of Public Works and Highways (DPWH) said a significant easing of traffic along Epifanio Delos Santos Avenue (EDSA) can be expected by the end of the year as it anticipates completion of several road projects that should help reduce significantly the volume of cars on Metro Manila’s main thoroughfare.
San Miguel tops list of PHL corporations by revenue
A PRELIMINARY RANKING of the Philippines’ Top 200 corporations showed an aggregate gross revenue of P11.25 trillion in 2019 on a consolidated basis, with conglomerate San Miguel Corp. (SMC) topping the list.
Coronavirus effect:Land values in Metro Manila to decline
LAND VALUES in Metro Manila are seen to drop 5-15% by the fourth quarter as rents and selling prices decline due to the impact of the coronavirus disease 2019 (COVID-19) pandemic.
Cojuangco, who built Southeast Asia’s biggest food empire, dies at 85
PHILIPPINE billionaire and San Miguel Corp. Chairman and Chief Executive Officer Eduardo “Danding” M. Cojuangco, Jr., who built Southeast Asia’s oldest and largest food and drink empire, has died. He was 85.
Filipino students falling behind in reading, writing levels in Southeast Asia
FIFTH GRADE STUDENTS in the Philippines are falling behind their counterparts in some Southeast Asian countries in reading, writing and mathematics, with a significant percentage of students still performing at levels expected in early years of primary education, a regional study showed.
Power underwhelming: Why are there power outages?
IN THE PHILIPPINES, one would have to get used to brownouts, or the drop in voltage in an electrical power supply system. Whether or not it is intentional, these outages have wide-ranging effects on the economy: households would experience no electricity for a few minutes or even for hours, causing great inconvenience; businesses would incur higher costs by way of lost revenue and reduced productivity; and investors would be hesitant to do business, leading to reduced investments.
Metro Manila imposes unified curfew amid GCQ
BUSINESSES are expecting some improvement in consumer spending as they adapt to new restrictions after Metro Manila on Wednesday transitioned into a general community quarantine (GCQ), which included a unified curfew.