Dept. of Finance backpedals on fuel tax suspension
The suspension of the next increase in fuel excise tax may no longer be necessary given the declining price of Dubai crude oil in the global market, the Department of Finance said yesterday......»»
PCC fines Grab, Uber P16 million for merger violations
The Philippine Competition Commission has imposed a fine of P16 million on ride-hail service apps Grab and Uber for violations on interim measures such as maintaining separate business operations and deferment of the merger during the antitrust body’s review of the transaction......»»
TRABAHO bill seen to create 1.4 million jobs in 10 years
The proposed reduction in corporate income tax under the second package of the Comprehensive Tax Reform Program is projected to generate as much as 1.4 million jobs from 2021 to 2029, according to the Department of Finance......»»
Ayala healthcare unit invests in AIDE
Ayala Healthcare Holdings Inc. (AC Health), the healthcare arm of the Ayala Group, has expanded its health technology portfolio following its investment in AIDE......»»
Dept. of Agriculture issues temporary ban on US poultry
The Department of Agriculture has temporarily banned the importation of domestic and wild birds and their products from the US following an outbreak of the Newcastle disease......»»
Wall Street rally drives up local stocks
The stock market yesterday benefitted from renewed investor optimism. Traders said the stock market was lifted by the rally in the US stock market, which in turn was caused by strong corporate earnings results......»»
BSP chief Nestor Espenilla Jr. extends medical leave
Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. has extended anew his medical leave as he continues to recover from early stage tongue cancer......»»
AC Energy signs up plastics producer as retail customer
AC Energy Inc., the power unit of Ayala Corp., has signed up a new customer under its retail electricity business which now covers over 100 megawatts (MW) in supply......»»
Term deposit rates ease from record highs
Term deposits fetched lower yields as banks swarmed yesterday’s auction with rates starting to normalize after the Bangko Sentral ng Pilipinas (BSP) raised benchmark rates by 150 basis points so far this year......»»
Avida Land putting up 2nd Mandaluyong condo
Avida Land Corp., the mid-range brand of property giant Ayala Land Inc., is investing P7.4 billion in Avida Towers Verge, its second multi-tower development along Reliance Street in Mandaluyong......»»
SM to expand in Clark Global City
BUSINESSMAN Dennis A. Uy’s Global Gateway Development Corp. (GGDC) has engaged SM Prime Holdings, Inc. to be the first locator in its 177-hectare Clark Global City leasehold in Pampanga. The post SM to expand in Clark Global City appeared first on BusinessWorld......»»
Why would anyone ever pay $558,000 for a bottle of Burgundy?
WHEN A private Asian collector bid an eye-popping $558,000 for a single bottle of 1945 Romanée-Conti at Sotheby’s sale this past Saturday in New York, a world record was smashed. This was not just the highest price ever reached for a 750 ml bottle of Burgundy, but also the highest for any bottle of wine ever at auction. The post Why would anyone ever pay $558,000 for a bottle of Burgundy? appeared first on BusinessWorld......»»
HiDok app aims to end waiting time at clinics
DAVAO CITY -- Patients waiting in line, sometimes for hours, outside a doctor’s clinic is a common sight in the Philippines, either in public or private medical facilities. The post HiDok app aims to end waiting time at clinics appeared first on BusinessWorld......»»
CSS Corp. opens 2nd facility in PHL
TECH support firm CSS Corp. has opened its second delivery center in Metro Manila as part of its continued expansion in the country. The post CSS Corp. opens 2nd facility in PHL appeared first on BusinessWorld......»»
MediXserve builds blockchain unified medical records system
MEDIXSERVE IS rolling out a unified blockchain-based electronic medical record (EMR) system to make patients’ medical histories trackable “from womb to tomb.” The post MediXserve builds blockchain unified medical records system appeared first on BusinessWorld......»»
IDC to spend up to P3 billion to expand provincial projects
IDC to spend up to P3 billion to expand provincial projects The post IDC to spend up to P3 billion to expand provincial projects appeared first on BusinessWorld......»»
Avida allots P7.4 billion for Mandaluyong condo
AVIDA LAND Corp. will be spending P7.4 billion to build the first phase of its multi-tower residential condominium in Mandaluyong. The post Avida allots P7.4 billion for Mandaluyong condo appeared first on BusinessWorld......»»
Market unfazed as BSP says Espenilla to take ‘intermittent medical leaves’
BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. has extended his medical leave until the end of the month, adding that he could take “intermittent” leaves in the future. The post Market unfazed as BSP says Espenilla to take ‘intermittent medical leaves’ appeared first on BusinessWorld......»»
Competition body fines Grab, Uber P16 million
THE PHILIPPINE COMPETITION COMMISSION (PCC) has imposed fines totaling P16 million on Grab Philippines (MyTaxi.PH, Inc.) and Uber Philippines for violations of interim measures ordered on April 6 as the watchdog reviewed the companies’ March 25 acquisition deal. The post Competition body fines Grab, Uber P16 million appeared first on BusinessWorld......»»
DoF: less pressure to put off oil tax hike
THERE MAY BE less pressure for the government to press on with its stated commitment earlier this week to put off an oil excise tax hike set in January amid signs that Dubai crude price -- Asia’s benchmark -- could in this final quarter average less than the $80 per barrel (/bbl) trigger price under the law for automatic suspension, the Department of Finance (DoF) hinted in a bulletin on Wednesday. The post DoF: less pressure to put off oil tax hike appeared first on BusinessWorld......»»