Business

HSBC predicts 50 bps hike in BSP rates

MANILA -- Banking giant HSBC forecasts a 50 basis point increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates when its policy-making Monetary Board (MB) holds this year's fifth rate-setting meeting...

CEZA welcomes Slovak firm

MANILA -- Cagayan Economic Zone Authority (CEZA) Administrator and Chief Executive Officer Raul Lambino said a Slovak company planning to put up a premier health care facility in the Cagayan Special Economic...

Mining council reviews mining firms’ audit results

MANILA -- The Department of Environment and Natural Resources (DENR) has yet to decide the fate of the 26 mining companies ordered closed by former Environment and Natural Resources Secretary Regina Lopez. This...

SSS chief supports Duterte tax reform bid

MANILA -- Social Security System (SSS) President and Chief Executive Officer (CEO) Emmanuel Dooc expressed support for the administration's tax reform program, taking note of its benefits to the agency and its...

DTI continues to promote entrepreneurship

MANILA -- The Department of Trade and Industry (DTI) said it will continue to promote entrepreneurship among Filipinos through education and assistance. Three out of its “7Ms” to create smarter and more successful...

Gov’t lost P178.5-B in tax incentives for 3K firms in 2016

MANILA -- The government lost P178.56 billion in potential revenues in 2016 as a result of tax incentives given out to only 3,102 firms registered with various investment promotion agencies (IPAs), the...
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