The Court of Tax Appeals (CTA) has denied the petition of Philippine Airlines, Inc. (PAL) which sought a refund of more than P20 milion it paid under protest in 2019 for excise taxes on imported liquor and tobacco products. In a decision promulgated last Jan. 24, the CTA as a full court rules that...
The Philippine Parts Maker Association (PPMA) is recommending the adoption of a local content requirement (LCR) policy in the country’s automotive parts manufacturing industry in a bid to revitalize the struggling sector. Inspired by Indonesia’s LCR model, PMPA President Ferdi Raquelsantos said...
The Philippine Institute for Development Studies (PIDS) recently released a study showing that aging populations, shrinking household sizes, and evolving family dynamics are affecting housing demands. The study, “Demographic Trends and Housing Patterns in The Philippines” also underscored...
(Photo from Facebook) Two members of the Philippine National Police Anti-Cybercrime Group (PNP-ACG) were injured after they were attacked by several men while conducting a police operation at a mall in San Juan City on Jan. 26, San Juan City Police Chief Col. Deodennis Marmol said. In a now viral...
Emphasizing the crucial role that well-trained teachers play in ensuring better learning outcomes, an industry-led advocacy group on Thursday, Jan. 30, expressed full support for initiatives aimed at improving teacher education. (DepEd file photo) The Philippine Business for Education (PBEd)...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The Philippine National Police (PNP) and the Rizal provincial government should put up a permanent substation and checkpoint within Marilaque Highway in Tanay, Rizal, Sen. Joseph Victor “JV” Ejercito said on Thursday, January 30. Ejercito made the call in light of the recent fatal crash...
President Marcos told the Chinese government that he would only send back the United States Typhon missile system if they stopped harassing Filipinos in the West Philippine Sea. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this amid China's urging of the Philippine...
Sustained robust performance of the electronic games sector drove the Philippine Amusement and Gaming Corporation’s (Pagcor) net income by more than double its earnings in 2023. Pagcor announced on Thursday, Jan. 30, that its net income more than doubled (146 percent) from P6.81 billion in...
Philippine industry groups are calling on the Marcos administration to reconsider the Sugar Regulatory Administration’s (SRA) order imposing permits and fees for importing sugar alternatives, warning that it could trigger high prices in beverages and confectioneries. In a letter to President...
The economy maintained its growth momentum in the fourth quarter of 2024, but the full-year expansion fell short of the government's targets, the Philippine Statistics Authority (PSA) reported. The country’s economy, as measured by the gross domestic product (GDP), grew by 5.2 percent from...
Police forces in western Mindanao have further intensified visibility patrols and law enforcement operations as part of the security measures for the midterm elections on May 12. Police Lt. Gen. Bernard Banac, director of the Area Police Command-Western Mindanao, said the intensified security...
