Business

Local markets weaken ahead of September inflation report

MANILA -- Bargain hunting pinned Philippines equities Thursday contributing to the peso’s weakness a day after both markets ended trading with gains. The Philippine Stock Exchange index (PSEi) finished the day at 7,093.34...

Digitalization drives BPO industry’s evolution

MANILA -- Swedish business process outsourcing (BPO) company Transcom Holding AB said the constant advancement of digitalization motivates the industry to evolve its services and pool of talents, its executive told reporters. Transcom...

Rise in imports increases BOC-Dumaguete’s tax collections

DUMAGUETE CITY – The Bureau of Customs (BOC) Sub-port Office here has attributed its positive accomplishments in revenue collection to increased importation of petroleum and other products. “Filoil has increased the volume of...

Monetary execs say PH still robust amid peso weakness, CA deficit

MANILA -- Philippine monetary officials are not worried about the peso's current rate of depreciation since this was brought about by the demand for the US dollar, in line with the sustained...

DOE completes distribution of e-vehicles to gov’t agencies

MANILA -- The Department of Energy (DOE) announced that it has completed the distribution of 85 e-vehicles to various government agencies. "(The last batch), two units each were turned over to the Office...

Global oil prices to decide oil excise tax suspension

MANILA -- A suspension of excise tax increases levied on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law is possible next year, but only if global crude prices...
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