Business

‘Duterte tax reform plan poses fiscal risk’

May 24, 2016 9:50 pm

ING sees revenue loss of up to 1% of GDP if no offsetting provisions Dutch financial institution ING Bank Manila said that the incoming Duterte administration’s income and corporate tax reform agenda could pose risk to the country’s fiscal health … Read more »

URC cooperating on C2 lead probe

May 24, 2016 9:49 pm

Universal Robina Corp., the food unit of the Gokongwei family, on Tuesday said it is committed to cooperating and complying with Vietnam’s Ministry of Health (MOH), after its popular C2 iced tea and Rong Do (Red Dragon) energy drinks were … Read more »

Deeper reforms needed for sustained growth – PCC

May 24, 2016 9:47 pm

The country needs to “deepen reforms” of the existing anti-competitive structures in the Philippine market to enable micro, small and medium enterprises to grow and to give employment opportunities that would sustain economic growth in the medium to long term, … Read more »

Taiwan brings products to ‘younger’ PH market

May 24, 2016 9:45 pm

Taiwan’s Commerce Development Research Institute (CDRI) has brought in about 15 popular Taiwanese brands to the Philippines through a week-long exhibit in a bid to expand their trade and business relations. Authorized by the Bureau of Foreign Trade of the … Read more »

DA unveils new carrot washer

May 24, 2016 9:44 pm

The Department of Agriculture (DA) unveiled its new prototype mechanized carrot washer designed to reduce postharvest losses during the washing and drying process. Agriculture Secretary Proceso Alcala said the mechanical washer, which is designed by the DA- Philippine Center for … Read more »

DTI’s OTOP stores boost MSMEs

May 24, 2016 9:43 pm

The Department of Trade and Industry (DTI), through its Bureau of Domestic Trade Promotion (BDTP), is continuing its drive to promote regional micro, small, and medium enterprises (MSMEs) through its initiative One Town, One Product (OTOP) Tindahang Pinoy outlets. In … Read more »

BDO, Japan’s Aozora to tie up for investor services

May 24, 2016 9:42 pm

Sy-led Banco de Oro Unibank Inc. (BDO) on Tuesday announced it will collaborate with a Japan-based bank in providing merger-and-acquisition advisory, investment banking services, and other services for Japanese investors. In a statement on Tuesday, BDO said its collaboration with … Read more »

Petnet to expand lending to OFWs

May 24, 2016 9:37 pm

Remittance and urgent cash transaction firm Petnet Inc., a newly acquired unit of Aboitiz Equity Ventures, is eyeing to tap overseas Filipino workers (OFWs) and more government employees to avail of its loan services. Theodore de Guzman, Petnet’s head of … Read more »

Pacific Online sets P100-M capex for expansion

May 24, 2016 9:36 pm

Listed gaming firm Pacific Online Systems Corp. has set aside P100 million for capital spending this year to further expand its lotto and keno-network outlets. Willy Ocier, the firm’s president, said the capital expenditure would augment its 4,000-strong lotto network … Read more »

Metro Retail opens Fairview Terraces store

May 24, 2016 9:35 pm

The Gaisano-led Metro Retail Stores Group Inc. (MRSGI) has opened its latest department store at the Fairview Terraces Mall in Quezon City, which it recently acquired from the joint venture company of Ayala Land Inc. (ALI), and SSI Group Inc. … Read more »













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