Business NEWS

The collection performance of the Bureau of Internal Revenue (BIR), the government’s main tax agency, improved under the Duterte administration compared with the previous leadership, the Department of Finance (DOF) said.

Emerging major player Phoenix Petroleum Philippines, Inc. has jumpstarted the rollback of petroleum prices this weekend, cutting gasoline price by P1.00 per liter and diesel by P0.80 per liter.

The recent positive action on the Philippines’ credit score by S&P Global Ratings may speed up the “inevitable” reduction in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates and lenders’ required reserves.

State-run Social Security System (SSS) has cautioned pensioners from dealing with fixers who are also asking for commission from their loan application.

Despite its mandate under the Electric Power Industry Reform Act (EPIRA) that it shall ensure reliable, quality and sufficient power supply for the country, the Department of Energy (DOE) admitted in a Senate hearing that it just inspected one power plant out of the 22 generating facilities that conked out from the March to April episodes of yellow and red alerts.

The Philippine Deposit Insurance Corporation (PDIC) reported that total deposits in the Philippine banking system grew by 8.8% to P12.7 trillion as of December 31, 2018 from P11.7 trillion in the previous year.

This column is about the latest book with the above title written by Rolando T. Dy, agribusiness guru and professor of management at the University of Asia and the Pacific Center for Food and Agribusiness.

PLDT Inc. announced that Alfredo S. Panlilio, currently senior vice president of Manila Electric Company’s (MERALCO) Customer Retail Services (CRS) Group, will take over the role of Chief Revenue Officer at PLDT and Smart Communications starting July 1, 2019.

After leaving the Philippines more than two decades ago, global chain hotel operator Swiss-Belhotel International is back, setting its sights on managing at least 7-8 hotels mostly in second and third tier cities over the next two to three years as it anticipates strong domestic economy and influx of wealthy Chinese travelers.