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100 health specialists ask WHO to modernize tobacco control approach

Business The reason for the thinning of power reserves during Weeks 19 to 23, from May to June 2022, is because of higher demand and lack of water for hydro power plants. Photo: PNA

Thinning power reserve, not supply, DOE says

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Business More businesses are now using online platforms and a number of these businesses started operations or using online platforms at the start of the pandemic. Photo: PNA

PH next hotspot for tech investments

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Business Media influencers need to pay income tax and business taxes like the 12-percent value added tax . Photo: PNA

Correct taxes sought from socmed workers

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Business The Philippines can already export live birds (other than poultry) to South Korea. Photo: PNA

Ban on PH chicken meat, live birds lifted

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Business

MOA inked to help agri sector

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Business The city government also eased the rules to entice existing and start-up business owners to avail of the zero-interest loan assistance. Photo: PNA

Loan assistance for Baguio MSMEs up

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Business Eight pharmaceutical firms have expressed their interest to the government to put up their facilities in the country. Photo: PNA

Build plants in PH, vax makers urged

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Business PSC pledged to donate 50 percent of the vaccines to the government’s inoculation efforts. Photo: PNA

7-Eleven employees get free jabs

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Business Toyota Motors Philippines Corp. still has the largest share of the market at 48.31 percent, followed by Mitsubishi Motors Philippines Corp. with 14.59 percent market share, Suzuki Phils. with 7.54 percent market share, Ford Motor Company Phils. with 7.42 percent market share, and Nissan Philippines with 6.75 percent market share. (PNA)

Sales of local vehicles higher in July

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Business The increase in economic activity has led to more Filipinos regaining their jobs and income. Photo: PNA

PH economy rebounds in Q2

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Business Economic authorities expect pork prices to go down further in the second half of the year as more imports come in through the increased minimum access volume allocation and lower tariffs. Photo: PNA

Stable food prices in ECQ – NEDA

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Business MBC hopes the government’s Prevent-Detect-Isolate-Treat-Reintegrate (PDITR) strategy and the faster rollout of coronavirus disease 2019 (Covid-19) vaccines will contain the spread of the more transmissible Delta variant. Photo: PNA

Safe recovery measures backed

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Business CEB is actively reaching out to customers who have yet to get their refund through the contact information provided to them at the time of booking. The airline encourage clients to contact the company through the guest feedback form on the Cebu Pacific website. Photo: PNA

CEB releases P7.7B for refunds

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Business The conglomerate recorded P9.5 billion in first-half consolidated net income, nearly five times the P2 billion it reported last year. Photo: PNA

Law cuts firm’s income tax

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Business The bank said tie-up with Bancnet will allow their account holders to withdraw in more than 20,000 automated teller machines (ATMS) nationwide and pay for goods at more than 300,000 point of sales (POS) terminals that are connected to the largest interbank network in the country. Photo: PNA

Digital shift in PH pushed

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Business To make it easier for customers to avail of their services during this period, pop-up stores near supermarkets and in malls in ECQ areas will be rolled out. Photo: PNA

PLDT-Smart vows unhampered service

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Business Prosecution is also important to prove the government’s ability to address money laundering and terrorist financing crimes. Photo: PNA

‘Best solution’ to money laundering bared

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Business Diokno: The BSP remains watchful over the evolving economic conditions and challenges brought about by the pandemic to ensure that the monetary policy stance remains consistent with its price and financial stability objectives.

BSP vigilant against pandemic risks

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Business The multi-agency Trust Fund Management Committee (TFMC) chaired by Dominguez is mandated under the law to oversee the management and use of the coco levy funds, whose cash assets now amount to around P76 billion. Photo: PNA

Powerful tool to save coconut industry

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Business Businessmen expressed hope that the ECQ in the NCR would be lifted as soon as possible. Photo: PNA

Business group backs ECQ

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Business MSMEs are the economy’s backbone. The more we support them, the better for the country. Photo: PNA

BPI rallies support for MSMEs

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Business Formation of cooperatives will be one of the keys to economic recovery.

PH co-ops growing stronger despite pandemic

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Business The grant of tax incentives to the Iloilo project encourages the private sector to help the government fill the gap in affordable or low-cost housing for Filipinos. Photo: PNA

P29.4-B tax break greenlights for 3 projects

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Business Plaza: Majority of the investments came from various countries such as Japan, South Korea, India, Hong Kong, and China. Western countries also include Germany, Austria, France, Canada, and the United States. Photo: PNA

PEZA okays more investments in H1

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Business Although the Philippines manufacturing sector recorded another improvement in operating conditions during July, latest data revealed domestic demand and production levels were still impacted by the pandemic. Photo: PNA

PH, Singapore top in Asean factory score

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Business During the pandemic, digital payment transactions using electronic fund transfers facilities like InstaPay and PesoNet surged following the lockdown measures implemented by the government.

BSP cites benefits of digitalization, financial inclusion

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Business SnR’s Marikina branch has strictly enforced minimum health and safety protocols during its opening.

S&R branch to employ 200 Marikina residents

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Business Adopting the EU’s HDB ensures a smooth and more successful trademark application for local businesses filing at intellectual property offices across the EU and foreign applicants filing at IPOPHL. Photo: PNA

Gov’t adopts EU harmonized database of goods, services

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Business Despite the challenges brought by the Covid-19 pandemic, Globe has been “relentless” in improving its service throughout the country. Photo: PNA

Globe completes new cell towers, site upgrades

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Business Even with the current difficulties experienced by their clients, concessions given by banks to their clients include waiver or reduction on fees, interest, and penalties; implementing a more favorable payment scheme; providing options, especially for payments made through post-dated checks and auto-debit or auto-deduct arrangements; and granting extensions or adjustments of loan maturity.

Loan rehab okay with banks

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Business Prior to the delivery of vaccines, SMC had partnered with LGUs where its operations are located, and assembled several batches of its employees to receive their vaccines under the A4 of essential workers priority group.

SMC’s vaccines finally arrive

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Business Due to lockdowns that started in March 2020, most business establishments were closed and challenges brought by the pandemic made some entrepreneurs close their businesses and shed workers. Photo: PNA

NEDA reports more jobs amid pandemic

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Business Dominguez: Future fiscal and non-fiscal incentives have to be rationalized to ensure they are performance-based, targeted, time-bound, and transparent. Photo: PNA

P481.7B ‘giveaway’ to coops bared

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Business The government believes investment commitments from China are translating to real investments in the country.

NDF assets frozen

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Business The government believes investment commitments from China are translating to real investments in the country.

Wuhan firm coming to PH

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Business Some incumbent officials rush to complete various government projects before the election ban.

’22 polls to spur economic growth

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Business The DOE is consistently monitoring the progress of pretroleum project and ensuring that the service contractors’ commitments are being fulfilled. Photo: PNA

Energy sector gains from Hague ruling

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Business Bigger internal revenue allotment and higher tax collections raised operating income of local government units last year. Photo: PNA

Operating income of LGUs up P825.2B in 2020

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Business With better prospects ahead, importers of vehicles said they will continue to give their best to ensure the complete recovery of the industry. Photo: PNA

Sales of imported vehicles up 55% in H1

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Business The agreement will further ease trade in goods and services between the Philippines and Brunei. Photo: PNA

PH, Brunei ink deal to boost trade

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Business The MSME sector is considered a risky segment to lend to because of the lack of information about its credit score. Photo: PNA

Loans for microfinancing mulled

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Business

WTO backs end to talks on fisheries aid

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Business Higher government spending, especially on infrastructure, and the accommodative monetary policy by the Bangko Sentral ng Pilipinas (BSP) are seen to further support the rise in net FDIs. Photo: PNA

FDIs up due to tax law, economy reopening

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Business With the new BIR policy, it would be cheaper to source raw materials and packaging supplies from foreign sources than from domestic suppliers, business groups complained.

BIR policy harmful

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Business The national government said last week the country has inoculated more than 13 million doses of vaccines against Covid-19 since the start of the inoculation program started in March. The government targets to roll out 4 million more doses in the first two weeks of this month. Photo: PNA

Private sector’s vax no longer needed by gov’t?

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Business The population in Calabarzon, NCR and Central Luzon is 38.61 percent of the total population of the Philippines. Four out of 10 Filipinos live in these regions. Photo: PNA

PH population growth slows down

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Business For 2020, Transco’s dividend remittance at 50 percent of its net earnings was computed to amount to P1.63 billion. Photo: PNA

Transco mulls addt’l aid for PH’s Covid19 response

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Business With Senate Bill 2232 – a proposed measure that would tax POGOs –and the re-opening of Philippine borders, a comeback of the POGO sector is expected. Photo: PNA

Office space demand recovering

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Business Monetary authorities expect inflation to remain elevated until the third quarter of this year, with the average for the year seen to be at 4 percent. Photo: PNA

Infra spending to boost PH economy

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Business The DTI said Brother Industries and the other companies are eyeing around P150 billion in investments in the country.

PH still attractive to Japanese investors

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Business

Check on firms buying Malampaya, DOE told

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Business The declining meat inflation points to the positive effects of Executive Orders 133 and 134 which are expected to further bring down meat prices during the second half of the year. Photo: PNA

Inflation 4.1% in June

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Business BIR’s Oplan Kandado programin 2020 led to the closure of 209 establishments and the collection of P607.87 million in taxes. Photo: PNA

BIR nets P995M in ‘Oplan Kandado’

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Business Yazaki-Torres Manufacturing Inc., a PEZA Outstanding Employer Hall of Fame and Presidential Outstanding Healthy Workplace awardee, hopes that by tapping DOLE’s network and reach, the opportunity could be brought to Filipino jobseekers adversely affected by the pandemic.

DOLE bares 1,500 job vacancies in Laguna factory

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Business The Philippine Red Cross-owned M/V Amazing Grace, the country’s first humanitarian vessel, is supported by the Aboitiz Group. The vessel was deployed to Catanduanes to provide the needed relief and assistance to Typhoon Rolly survivors in November last year. Photo: Aboitiz Group

Tie-up renewed for 1st PH humanitarian ship

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Business From January 1 to May 28, the BOC filed 38 criminal cases with the Department of Justice against 144 respondents suspected of involvement in smuggling activities, and another 23 administrative cases against erring customs brokers before the Professional Regulation Commission.

P4.4B haul in BoC’s anti-smuggling drive

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Business Ang: “With our humble contribution to the local Bantay Dagat task force, we hope to provide them additional tools to help curb illegal fishing and other activities that are destructive to marine ecosystems in this area.”

SMC, Bantay Dagat team up to protect the seas, sustain livelihoods

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Business As a token of appreciation for the grant of insurance to more than 6,000 personnel of the Philippine Postal Corporation , GSIS chief Rolando Ledesma Macasaet (2nd from L) was given by Postmaster General and PhilPost head Norman Fulgencio (3rd from Lt) a set of special stamps dubbed “Frontline Heroes – Fight Against Coronavirus, We Fight For You.” Looking on are PhilPost executives: (leftmost) Assistant Postmaster General Maximino Sta. Maria; (from right) Area Director for Mega Manila Gilbert Javier; APMG Joel Zamudio; and APMG Maura Baghari-Regis.

Postmen get security

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Business US Department of Commerce Acting Undersecretary and International Trade Department Deputy Undersecretary Diane Farrell said building a resilient supply chain is one of the areas where the US and the Philippines can boost cooperation. Photo: FB

CREATE arouses US investors’ curiosity

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Business Wilcon has tapped a logistics company to handle the transfer of the vaccines. Photo: PNA

Vax confidence up in Wilcon Depot

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Business Aside from South Korea, the country has free trade deals with Asean member states (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, and Vietnam), the European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland), Australia, New Zealand, China, Hong Kong, India, and Japan. Photo: PNA

More breaks spotted for PH builders via FTAs

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Business From the 1.5 million job shedding estimated during the enhanced community quarantine in NCR Plus, many jobs were already brought back in the labor market. Photo: PNA

Curbs thwart jobs rehab

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Business

Benefits expanded for biofuel workers

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Business There’s no let up in San Miguel Corporation’s various sustainability initiatives nationwide even during the pandemic. SMC has ongoing river cleanup projects at the Pasig and Tullahan rivers while subsidiaries San Miguel Global Power Holdings, Inc. San Miguel Brewery, Inc. Ginebra San Miguel, Inc., and Petron Corporation have established long-term upland and mangrove tree planting programs.

SMC ramps up sustainability drive

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Business The new data center will extend the reach of Alibaba Cloud’s offerings in the Philippines, ranging from elastic computing, database, security, and network services to machine learning and data analytics capabilities.

Many jobs seen in PH-Alibaba tie-up

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Business An internal Facebook group helped to increase willingness of workers to get vaccinated. Photo: PNA

Drive boosts workers’ vax confidence

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P730M extended for hospital project

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P481.7B state funds given away to favored companies?

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Benevolence at its best

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Problem in Skyway 3 fixed

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Mudslinging on ‘Peoples’ Champ’ will backfire

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BSP: Business sentiment frail, consumer confidence strong

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Local bidders’ certificate automated

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A warrior for change, innovation and progress

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Faster jabs to quicken economic rehab

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Partnership to muster P39B investments for PH energy

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PEZA raises target for stake approvals

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Trust in vax up among Las Piñas elders

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Follow DOE policies, power stakeholders told

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Deadline moved to fix subsidy program gone wrong

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Thank you gov’t, Philhealth is working

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Red flag up vs ponzi scheme

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PH needs $121-B for RE

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Malabon jabs fast and righteous

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DOLE to shops: Get safety seal

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Tariff cut on imported port to lower inflation

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Framework for granting perks adopted

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EDC bonds offering cleared

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