PHL pins hopes on ethanol imports to lower gas prices
THE PHILIPPINE government is looking to lower gasoline prices by urging fuel retailers to increase the ethanol blend to 20% on a voluntary basis, from the current mandatory 10%, the Department of Energy (DoE) said.
BIR to prioritize campaign against tax evasion this year
THE BUREAU of Internal Revenue (BIR) plans to prioritize its campaign against tax evasion and improve voluntary compliance as it seeks to boost revenue collections this year.
PHL drops out of top 10 in gender gap report
THE PHILIPPINES dropped in an annual index designed to measure the magnitude of gender-based disparities and monitor countries’ progress in narrowing them.
ADB approves $2.1-B loan for Bataan-Cavite bridge
THE ASIAN Development Bank (ADB) on Tuesday said it has approved up to $2.1 billion (P116.8 billion) in financing for the construction of a...
Selection of third major telco by December on track as gov’t issues final terms
THE DEPARTMENT of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) published on Friday the final terms of reference (ToR) outlining the process by which the government will select by December a third major player in the telecommunications industry.
Beijing says to sharply widen foreign investors’ access to China’s market
BEIJING -- China will sharply widen market access for foreign investors this year, with a focus on lowering investment barriers for the service sector...
Asia rich lack succession plans as wealth nears $99 trillion
Asian private wealth is projected to reach $99 trillion by 2029, yet many of the region’s wealthiest families are unprepared for the handover of...
Corporate regulator OK’s more IPO plans of hospital group
THREE MORE MEMBERS of the Allied Care Experts (ACE) Medical Group secured clearance from the Securities and Exchange Commission (SEC) for their respective initial public offerings (IPO) worth up to P1 billion each.
Meralco rates down for fifth month
HOUSEHOLDS in Metro Manila will see lower electricity bills for the fifth straight month in September, according to the Manila Electric Co. (Meralco).
Gov’t aims to complete Marawi rehabilitation in three years
THE GROUNDBREAKING ceremony for the rehabilitation of war-torn Marawi City finally pushed through on Oct. 30, with the Task Force Bangon Marawi (TFBM) head promising completion by 2021.
PHL semiconductor exports set for 5% growth next year
THE Philippines’ semiconductor and electronics sector is poised for a modest rebound next year, with exports projected to rise 5% as demand for advanced technologies continues to climb, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said.
BSP bullish on PHL’s ‘full recovery’
THE central bank is confident that the Philippine economy is on track for a “full recovery,” although analysts warned of headwinds from the Russia-Ukraine war and a potential US economic slowdown.