The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) lauded Congress for approving economic reform bills that seek to extend the term of foreign leases to 99 years and streamline the rigorous right-of-way process. FFCCCII, which comprises over 170 business and trade...
Tycoon Manuel V. Pangilinan, president and chief executive officer (CEO) of PLDT Inc., warned that certain provisions of the Konektadong Pinoy bill could be exploited to foster an unfair playing field in the local telecommunications sector. Pangilinan issued the statement during PLDT’s 2025...
Sen. Sherwin Gatchalian hailed the approval of Senate Bill No. 2868 or the Anti-POGO Act of 2025, saying the measure not only bans offshore gaming operations but also builds safeguards for the Filipino people. “The welfare of the people should not be compromised in favor of illegal and dirty...
The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) is strongly urging Congress to pass the 99-year land lease bill, viewing it as a historic opportunity to transform the nation into a leading investment powerhouse in Asia. In a statement on Wednesday, June 4, ...
Lawmakers have assured President Marcos that four of the administration’s key priority bills will move forward in Congress, as the Senate decided to reset the presentation of Articles of Impeachment against Vice President Sara Duterte to June 12 from June 2. President Ferdinand 'Bongbong...
The proposal to tax outbound remittances of non-United States (US) nationals would slash Philippine inflows by as much as $476.5 million or over ₱26 billion per year, according to estimates from the Washington-based Center for Global Development (CGD). In a May 28 blog post, CGD experts Helen...
Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics. "The proposed five-percent US tax on remittance outflows would have a particularly large negative...
CEBU CITY – One of the biggest real estate industry groups in the country welcomed the government’s decision to shelve a proposed increase in capital gains, donor’s, and estate taxes, following stronger-than-expected government revenues in the first quarter of this year. REAL estate industry...
President Marcos has directed agencies to ensure the safety of commuters from abusive public transport drivers. (File Photo) Passengers are seen piling up along EDSA Extension in Pasay City on Aug. 25, 2023 as the LRT-1 implemented limited operations from Gil Puyat to FPJ (formerly Roosevelt)...
The Commission on Audit (COA) has affirmed its notice of disallowance (ND) on the P4 million paid by the province of Iloilo for "excessive" electricity consumption from December 2009 to April 2010. However, the COA granted the petitions of two provincial officials to exdlude them from liability in...
HOUSTON —TerraPower, a nuclear energy company founded by American billionaire Bill Gates, has announced a partnership with engineering solutions firm KBR Inc. to deploy its Natrium-based small modular reactor (SMR) technology to energy markets around the world. TerraPower said, “Natrium...
Improving market sentiment following the Philippines’ exit from the global money-laundering watchlist, coupled with expectations of monetary easing, fueled strong investor demand for the government’s short-term debt papers. At Monday’s auction on Feb. 24, the Bureau of the Treasury (BTr)...
