The only son and namesake of the late dictator Ferdinand E. Marcos had not paid a fine that an appellate court had slapped on him in 1995 for failing to pay his taxes, a lawyer for a group seeking to [...]
The local medical device industry is projected to grow 8.8 percent annually to reach $884.3 million in two years, according to Trade and Industry Secretary Ramon M. Lopez. Lopez said this during the Philippine Economic Briefing focused on Philippine-Japan Economic [...]
The country’s largest food industry association is calling on the Department of Trade and Industry (DTI) to revisit the suggested retail prices (SRPs) of basic necessities to help firms recover losses amid the pandemic and meet consumer demand. The Philippine [...]
Prime Meridian Powergen Corporation (PMPC), a subsidiary of Lopez-led First Gen Corporation, has secured P2.8 billion worth of loans from two local banks. As disclosed to the Philippine Stock Exchange (PSE), the lender-banks have been the Bank of the Philippine [...]
The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, [...]
The Philippines maintained its position as the second fastest growing market for motor vehicle production and sales in Southeast Asia, registering double-digit hikes in the 10 months to October. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed [...]
The Department of Finance (DOF) is preparing a fiscal consolidation plan for the next administration to address revenue losses due to various tax reforms and pandemic measures. Finance Secretary Carlos Dominguez III yesterday warned the next administration may face fiscal [...]
Philippine Airlines (PAL) is reopening “prime” regional routes to Iloilo next month to cater to strong demand for trips during the Christmas holiday season. The flag carrier said on Monday (Nov. 29) that it will increase access to Iloilo via [...]
Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions. First reported [...]
Gasoline products are being rolled back anew by P1.10 per liter while diesel prices will be trimmed by P0.60 per liter. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will also have a price cut [...]
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