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P481.7B ‘giveaway’ to coops bared

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

Burning, not nicotine, causes smoking-related disease

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Business Photo: PNA

PNB top exec dies

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Business The SM mall in Cavite is first to have a solar power rooftop. Green Heat has installed a total of 3,114 solar panels at SM City Bacoor. Photo: PNA

More shops demand solar energy

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Business Pangilinan said MPIC remains keen on local production of vaccines against Covid-19, but the company aims to produce the vaccine brand preferred by Filipinos. Photo: PNA

800K anti-Covid 19 doses procured by MVP group

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Business The country is eyeing to source rice from India. Photo: PNA

Trade talk not behind tariff cut

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Business The liquefied natural gas projects have secured notice to proceed (NTP) from the DOE. Photo: PNA

6 LNG project proponents to allot P82.93B

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Business While outdoor gyms with no contact activities are allowed to operate, zumba — even if mostly done outdoors — remain prohibited because the activity could violate mass gathering protocols. Photo: PNA

DTI okays outdoor shops

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Business Inflation breached the government’s target band since last January and registered its highest so far this year last February at 4.7 percent. Photo: PNA

4% inflation for PH seen this year

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Business The country is still an investment haven for exporting companies despite the pandemic. Photo: PNA

Investment approvals up in Q1 – PEZA

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Business A total of 1.53 million accounts have already been opened through the mobile app as of April 30, 2021. Photo: PNA

Mobile app can open savings account

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Business The FDA-CDRR has to explain allegations of delays on pharmaceutical companies’ drug applications filed as far back as 2014.

FDA inaction on drug applications probed

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Business Exports and manufacturing turned positive and created a net of 2.8 million jobs. Photo: PNA

GDP fall slower in Q1

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Business One of the top concerns of Southeast Asian consumers, including Filipinos, in buying e-vehicles is the availability of charging infrastructure. Photo: PNA

Nissan exec tells how to boost demand for e-vehicles

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Business Consumer behavior has changed towards the more digital way since the start of the pandemic. Photo: PNA

SB Finance invests in technology

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Business Tanduay Distillers Inc. is distributing Ginto to the Visayas and more parts of Luzon.

Tanduay grows market for gin product

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Business Tighter community quarantine measures particularly in Metro Manila, Bulacan, Cavite, Laguna, and Rizal weakened the country’s manufacturing sector. Photo: PNA

MECQ weakens factories

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Business SMPC aims to inoculate more than 5,000 employees and indirect workers in its mine site, power plant complex, and corporate office by the second half of the year. Photo: PNA

Energy provider bares vax plan for workers

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Business PPE makers said government procurement is not in sync with the production capacity of the manufacturers as the government’s demand is much higher than the local capacity. Photo: PNA

Buy more local PPEs

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Business Despite the dry season, the country will have sufficient power supply. Photo: PNA

Power supply enough – DOE

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Business The local economy is seen to recover primarily through aggressive public investment. Photo: PNA

Good rating for PH economy affirmed

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Business Increase in meat prices this year has unduly jacked up food inflation. Photo: PNA

Lower tariffs for pork imports pressed

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Business The Phiippine cement industry is expected to sell 35 million tons of cement this year. Photo: PNA

Prospects bright for local cement industry

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Framework for granting perks adopted

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EDC bonds offering cleared

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Responsible, careful messaging

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DOH shelves 370 life-saving respirators donated by tobacco industry

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Congress passes vaping and HTP bill

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RFID menace: Olivares should follow Gatchalian

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154 solons push for law regulating e-cigs, HTPs

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KYE a must

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Oil prices in 3-week rising streak

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PH stays out of US watchlist

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Private sector’s vax strategy on track

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Solons’ probe on questionable foreign grants receives support

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More shops seen to open in May

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Firm loses license over Ponzi scheme

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NBI clearance enough for employment?

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Users of non-combustible tobacco have biomarkers similar to non-smokers—U.S. study

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Help for ASF-hit hog raisers doubled

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Don’t politicize community pantries — ARTA

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Proposed euro bond earns ‘BBB’ rating

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