Business

Corporate income tax cuts won’t lead to job losses

MANILA -- Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses. In an interview Tuesday after the Senate hearing on...

Overseas trade concerns weaken local markets

MANILA -- Continued trade war concerns weighed heavily on the Philippines’ equities and the peso on Tuesday, with the latter ending the day at its nearly 13-year low against the US dollar. The...

7-year PH T-bond rate up

MANILA -- The Bureau of the Treasury’s (BTr) auction committee on Tuesday made a partial award for the seven-year Treasury bond (T-bond) amid the spike in interest rates. The rate of the debt...

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...
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