Business

TRAIN law boosts BIR, BOC revenues in first 2 months

MANILA -- The Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) posted double-digit increase in revenue collections in the first two months of 2018 as a result of the...

PEZA eyes new type of ecozone

MANILA -- The Philippine Economic Zone Authority (PEZA) is eyeing a new type of economic zone for the development of the country’s human resources and stronger linkage between industries and the academe...

TDF rates sustain rise

MANILA -- Yield of Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) sustained its rise Wednesday, with all the tenors posting higher interest rates. Data released by the central bank Wednesday showed...

Steel Asia plans initial public offering

MANILA -- The country’s largest steel producer, Steel Asia Manufacturing Corp., plans to enter the local bourse in one to two years, its chairman and chief executive officer Benjamin Yao told...

Economic managers approve P71.3-B worth of projects

MANILA -- Economic managers have approved three projects worth PHP71.35 billion, including a flood control project in Mindanao and a traffic-alleviating project in Metro Manila. The National Economic and Development Authority (NEDA) Investment Coordination...

Integrated steel mill to back PH industries: ex-DTI chief

MANILA -- Former Trade Secretary Adrian Cristobal Jr. said the country needs an integrated steel mill to support other local industries, particularly shipbuilding and manufacturing of automotive vehicles. Cristobal, who is now...
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