LGUs to absorb NG programs in 2022
FINANCE Secretary Carlos G. Dominguez III on Monday told local government units (LGUs) to prepare to absorb programs of the National Government (NG) in 2022, when the Supreme Court (SC) ruling that expanded their share of internal revenue allotments (IRA) will take effect.
PHL risks getting left behind as internet remains slow, expensive
THE Philippine digital economy may fail to realize its full potential, as digital infrastructure remains weak and internet speeds are among the slowest and most expensive in the world, a report by the World Bank and National Economic and Development Authority (NEDA) showed.
PCC may still review ‘notification-exempt’ deals
MERGERS AND ACQUISITIONS that have been exempted from notifying the Philippine Competition Commission (PCC) under the Bayanihan to Recover As One Act (Bayanihan II) may still be reviewed after a year if they are seen as likely to “substantially lessen” competition.
PSALM cuts bid price for Malaya plant anew
STATE-OWNED Power Sector Assets and Liabilities Management Corp. (PSALM) has reduced the floor price for the Malaya Thermal Power Plant to P2 billion, as it seeks a negotiated sale for the property after another failed bidding last month.
Sept. inflation likely slowed — poll
HEADLINE INFLATION likely slowed further in September due to lower prices of some staple food and power rates, analysts said.
Coronavirus exposes wide gap in education
APPLE D. GARCIA, an incoming senior high school student in Pampanga province, north of the Philippine capital, bartered through Facebook a tray of eggs and a bundle of string beans for an old personal computer that she plans to use for her online class this month.
Shipowners sound alarm over domestic regulatory climate
DOMESTIC SHIPOWNERS said the current regulatory climate worsened their plight amid the coronavirus pandemic, seriously impacting their business.
IPO stocks, restructured loans now tax-exempt
Taxpayers don’t have to pay local taxes on stocks sold through an initial public offering (IPO), and documentary stamp tax on extended or restructured...
Franchising sector may shrink by 45% next year
The country’s franchising sector is expected to shrink by almost half by next year as more franchise owners close shop amid a coronavirus pandemic,...
BSP fully awards 28-day debt
The Philippine central bank raised P50 billion in short-term securities on Friday amid sustained investor demand.
The Bangko Sentral ng Pilipinas (BSP) fully awarded the...
PHL factory activity expands in Sept.
PHILIPPINE factory activity expanded for the first time in seven months in September as a looser lockdown helped prop up consumer spending, according to a survey by IHS Markit.
Central bank keeps key rate at record low
THE Bangko Sentral ng Pilipinas (BSP) on Thursday left its key interest rate unchanged for a second straight meeting, citing easing inflation and ample liquidity in the financial system.