More areas at stake in today’s Bangsamoro vote
TWO PROVINCES in two regions in Mindanao stand to lose parts of their areas as towns and villages cast their votes on Wednesday on whether or not to be part of the new Bangsamoro region.
Reclamation projects under Palace watch
MALACAÑANG -- which has cracked down on businesses polluting Boracay and Manila Bay -- has assumed closer oversight of reclamation projects by placing the agency responsible for them under its direct supervision.
Customs tops target for January collection
THE BUREAU of Customs (BoC) surpassed its revenue target in January, sustaining strong collections from 2018’s record year.
Tobacco tax hike measure gains ground in Senate body, mining bill struggles
PROPOSALS to increase the excise tax on tobacco products gained ground as the Senate ways and means committee on Monday concluded public hearings on the measures.
DoF implements Meralco refund tax reduction under TRAIN
THE DEPARTMENT of Finance (DoF) has approved lower tax rates for refunds to be paid to customers of the Manila Electric Co. (Meralco), implementing a provision of Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act (TRAIN).
Poll sees steady policy as inflation eases
INFLATION likely slowed further in January as food prices sustained a decline, analysts said in a BusinessWorld poll, adding that this should enable the central bank to keep interest rates steady for the second straight meeting.
BSP official says even reserve requirement cut now may be ill-timed
ANOTHER senior central bank official made the case for steady monetary policy settings at this week’s meeting, saying it may not be opportune to cut even banks’ reserve requirement just yet.
Hanjin’s rehabilitation receiver resigns
HARDLY had moves to rescue debt-saddled Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) begun than the rehabilitation receiver resigned last week, citing creditors’ opposition to his appointment.
DBS cites export slump, budget troubles as growth risks
THE ECONOMY will likely grow faster this year, a global bank said while flagging a sustained export slump and a reenacted budget as possible dampers of domestic activity.
Factory activity growth continues to slow in January
FACTORY activity in the Philippines moderately improved in January at the slowest pace in four months on softer output growth and decline in employment, although local manufacturers saw a rise in new orders, according to the latest survey IHS Markit conducted for Nikkei, Inc.
Tax bureau sets P2.3-trillion collection goal in 2019
THE Bureau of Internal Revenue (BIR) is targeting to P2.33 trillion this year, 14% higher than the P2.04 trillion goal last year as it plans to introduce new reforms and leverage on technology to improve tax payments and collections.
Subway project to boost Philippine construction sector
By Denise A. Valdez, Reporter
FITCH Solutions said it raised its growth forecast for the Philippine construction and railway sectors this year with the expected...