A move is underway in the Senate to lower the value-added tax (VAT) imposed on purchased goods and services. Under Senate Bill No. 1552 filed by Senator Erwin Tulfo, Section 106 of the National Internal Revenue Code would be amended to bring down the current 12 percent VAT to 10 percent. The...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations and issued fines against two construction companies owned by the Discayas, contractors linked to a high-profile flood control corruption scandal, for submitting false beneficial ownership information. In separate...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, Dec. 3, due to the ballooning national debt, weaker peso, and the sudden resignation of Rogelio Singson from the body investigating anomalous flood-control projects. The main index dropped 88.56 points, or 1.48 percent, to close at...
For anyone new to the world of property, the process can feel overwhelming and a little intimidating. That’s why events like the SMDC Good Life Expo 2025 matter, they give curious visitors a chance to learn, explore, and experience real estate in a way that’s not only informative but also...
Senator Raffy Tulfo on Wednesday, Dec. 3, pushed for mandatory driver’s licenses and registration for e-trike users, warning that the absence of clear regulations has made traffic enforcement nearly impossible amid rising reports of road incidents involving the vehicles. During a consultative...
Senate President Pro Tempore Panfilo "Ping" Lacson proposed on Tuesday, Dec. 2, a provision in the 2026 budget barring any political involvement in cash aid distribution to prevent politicians from abusing the ayuda (cash aid) distribution. During the period of amendments for the 2026 budget bill,...
The Philippine Stock Exchange index (PSEi) ended a bit higher on Tuesday, Dec. 2, after listless trading during the day as investors remained cautious ahead of the release of inflation figures for November. The main index inched up by 5.11 points, or 0.09 percent, to close at 5,994.4, mainly due to...
Cebu-based fuel distributor and retailer Top Line Business Development Corp. is planning to raise fresh capital next year through the issuance of preferred shares to fund its continued expansion, including its venture into fuel importation. In a disclosure to the Philippine Stock Exchange (PSE),...
The Philippine Stock Exchange Index (PSEi) corrected on Monday, Dec. 1, with investors booking gains after the country’s manufacturing index fell. The main index dropped 32.95 points, or 0.55 percent, to close at 5,989.29. Conglomerates led the retreat, even as the Services and Mining sectors...
The Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DEPDEV) approved higher price ceilings for socialized housing projects to enable larger and higher-quality homes nationwide. DHSUD Secretary Jose Ramon Aliling described the...
State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC). DBP President and Chief Executive Officer Michael O. de Jesus told reporters last...
State-run Development Bank of the Philippines (DBP) is looking at issuing peso-denominated bonds next year as part of its fundraising efforts to recoup the ₱25-billion capital it injected into Maharlika Investment Corp. (MIC). On the sidelines of the DBP’s event, DBP Executive Vice President...
