Business

4 energy reform measures to cut power bill by 15%

MANILA -- Four pieces of legislation being pushed at the Senate would lower power costs by up to 15 percent, Senator Sherwin Gatchalian said Thursday. These bills shall be passed simultaneously to ensure...

Only 20% of PH’s small banks ready for digitalization: report

MANILA -- Officials of thrift and rural banks, as well as microfinance institutions and cooperatives, recognize the importance of digitalization in their operations but only about 20 percent of them are ready...

Duterte to prioritize biz groups’ solutions to PH woes

MANILA — President Rodrigo R. Duterte on Thursday vowed to prioritize the solutions presented to him by the Philippine Chamber of Commerce and Industry (PCCI) to help his government in addressing current...

Recommendation to suspend oil tax hike remains: Lambino

MANILA — A ranking official of the Department of Finance (DOF) said the recommendation of economic managers to suspend the second installment of the oil excise tax increase in 2019 remains despite...

Pernia says scheduled hike in fuel tax should push through

MANILA -- Socioeconomic Secretary Ernesto Pernia favors that the petroleum tax hike scheduled for next year push through, after the latest report on oil futures forecast a softening of oil world crude...

PCCI proposes to PRRD possible solutions to economic woes

MANILA -- The country’s largest business organization, the Philippine Chamber of Commerce and Industry (PCCI), presented to President Rodrigo Duterte on Thursday its list of resolutions formed in the weeks leading up...
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