Business

Who is really the boss here? At LTFRB, they are the boss

October 24, 2014 10:34 pm

LAST June, my sister Flora Jacobe and I took a jeepney ride (Pasig-Quiapo) from Shaw Boulevard near Sheridan Street in Mandaluyong to Sta. Mesa, Manila.  The driver was discourteous, recklessly driving, smoking while driving, did unsafe practices and was generally … Read more »

‘Mighty evades higher taxes’

October 24, 2014 9:25 pm

A report compiled by the Senate Tax Study and Research Office (STSRO) details what the government is calling “fraudulent practices” by tobacco producer Mighty Corp. to avoid paying proper taxes and duties, rival tobacco company Philip Morris Fortune Tobacco Corp. … Read more »

New rate hikes seen in 2015

October 24, 2014 9:23 pm

Analysts find inflation, liquidity still a risk Despite the central bank’s decision to pause its tightening cycle at its latest meeting on Thursday, analysts believe that achieving next year’s inflation target and mopping up excess liquidity in the financial system … Read more »

Aug imports drop 1.3% on-year

October 24, 2014 9:21 pm

Philippine merchandise imports in August dropped from a year earlier, traced to two of the 10 major commodities for the month, data from the Philippine Statistics Authority (PSA) showed on Friday. Total import payments in August amounted to $5.494 billion, … Read more »

China, 20 other countries sign bank MOU

October 24, 2014 9:20 pm

BEIJING: China and 20 other countries moved forward on Friday toward setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks. The signatories put their names to a memorandum of understanding (MOU) to establish the … Read more »

PSEi dips, led by banks, on BSP moves

October 24, 2014 9:19 pm

Banking and property-related stocks slipped, reflecting reaction to the Monetary Board’s decision from earlier in the week, pulling the local equities market into a modest decline. The Philippine Stock Exchange index (PSEi) dipped by 0.18 percent or 12.58 points to … Read more »

Raising tax cap on bonuses to hike takehome pay – Angara

October 24, 2014 9:17 pm

The Senate committee on ways and means, chaired by Sen. Sonny Angara, has reported out for floor debates the bill that seeks to raise the tax exemption cap for 13th month pay and other benefits, which would increase the takehome … Read more »

Oil supply after disasters assured – DOE

October 24, 2014 9:13 pm

THE Department of Energy (DOE) on Friday reiterated its commitment to ensuring oil supply during and in the aftermath of natural disasters and calamities, especially when relief operations have to be undertaken. “We must understand that fuel is an indispensable … Read more »

PGMC eyes P10-B follow on offer in 2015

October 24, 2014 9:11 pm

The Platinum Group Metals Corp.  (PGMC) is planning to conduct its P10 billion follow on offering in April next year after its backdoor listing on the local bourse through Southeast Asia Cement Holdings Inc. (Seacem). “Our target is to hold … Read more »

Cosco buys Laguna site for 3rd mall

October 24, 2014 9:07 pm

Lucio Co-led Cosco Capital Inc. has acquired a prime property in Biñan, Laguna for its third community mall project. In a disclosure to the Philippine Stock Exchange, Cosco said that it purchased a 3,192 square meters (sqm) of land at … Read more »







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Who is really the boss here? At LTFRB, they are the boss

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