Business

DOF cites reason for sin products’ tax hikes

MANILA -- Faster rate of price increases of sin products, namely tobacco and alcoholic beverages, among others, continues to push domestic inflation higher to 4.3 percent last March from the revised 3.8...

BSP introducing 3D reform agenda

MANILA -- The Bangko Sentral ng Pilipinas (BSP) has adopted a three-pronged reform to ensure that domestic banks are ready for technological innovations to fully cater to their clients. BSP Deputy Governor...

DOF exec hopeful for Package 1-b approval this year

MANILA -- A ranking Department of Finance (DOF) official remains optimistic that Package 1-b of the proposed tax reform program will still get the approval of lawmakers this year. Package 1-B tackles reforms...

Middle East investors eyed for Mindanao

DAVAO CITY -- The Mindanao Development Authority (MinDA) is eyeing investors from the Middle East countries for the development of Mindanao. MinDA Chair Secretary Datu Abul Khayr Alonto said he will be...

Uber ride-hailing app to operate until April 15

MANILA -- The app of ridesharing firm Uber will continue to be active until April 15 as Grab Philippines has agreed to subsidize its costs. Grab Philippines said it will comply with...

LTFRB wary on PCC order allowing Uber to continue ops

MANILA -- The Land Transportation Franchising and Regulatory Board (LTFRB) has expressed concern that the order of the Philippine Competition Commission (PCC) for ride-sharing firms Uber and Grab to maintain their separate...
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