Business

Book imports, purchases to remain tax-exempt: DOF

MANILA -- The Department of Finance (DOF) has assured the public on Tuesday that the purchase and importation of books will remain tax exempt under the second tax reform package of the...

CA stops auction, sale of Banco Filipino

MANILA -- The Court of Appeals has stopped the auction and transfer of properties of the defunct Banco Filipino Savings and Mortgage Bank (Banco Filipino). In a decision penned by Associate Justice Ronaldo...

Senators oppose removing tax incentives on books

MANILA -- Two senators on Monday expressed their opposition to a provision in the Corporate Income Tax and Incentives Reform Act, better known as TRAIN 2, which seeks to remove incentives previously...

Another airport near NAIA potentially unsafe: AirAsia PH

MANILA -- Philippines AirAsia, Inc. President and Chief Executive Officer Capt. Dexter Comendador said that developing another airport in the vicinity of Ninoy Aquino International Airport (NAIA) and several other airports in...

BSP eyes formal governance framework for FX market

MANILA - - The Bangko Sentral ng Pilipinas (BSP) is studying a formal governance framework that will provide stakeholders with a level playing field and ensure transparency in the foreign exchange market...

Private sector vital in addressing housing need: NEDA

MANILA -- The government is tapping the support of the private sector in addressing the country’s housing need, the country’s chief economist said. Socioeconomic Planning Secretary Ernesto Pernia pointed out that housing needs...
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