During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
Cosco Capital Inc., the retail holding company controlled by billionaire Lucio Co, reported a 22 percent increase in first-quarter profit as a recovery in consumer spending boosted sales across its grocery and liquor units. The firm said in a disclosure to the Philippine Stock Exchange that net...
Amid the more vocal and aggressive stand of the Office of the Ombudsman especially against top government officials linked to corruption, the agency has recorded a noticeable increase in the number of applicants seeking employment. In fact, Assistant Ombudsman for Internal Affairs Luigi Bonoan said...
ILOILO CITY – Real estate services company Colliers International said Iloilo has outpaced Cebu in office leasing in the first quarter of this year. “Outpacing Cebu meant that outside of Metro Manila, Iloilo recorded the highest number of office transactions for the first quarter of 2026,”...
The national government intensified its readiness for a prolonged relief operation in Albay as the number of residents affected by Mayon Volcano’s activity climbed toward the 200,000 mark, the Office of Civil Defense (OCD) said Tuesday, May 5. OCD spokesperson Junie Castillo confirmed that while...
Thick volcanic ash from Mayon Volcano’s recent eruptions began to strain local water resources in Albay, the Office of Civil Defense (OCD) said on Monday, May 4, as government agencies scrambled to deploy filtration systems to affected towns. The OCD said a total of 30,522 families or 102,406...
Samarkand, UZBEKISTAN — Central bank and finance chiefs from across the Association of Southeast Asian Nations (ASEAN), China, Japan, and South Korea are bracing for slower economic growth and higher inflation risks amid a prolonged war in the Middle East. In a joint statement on Sunday, May 3,...
(UPDATED) The Office of Civil Defense (OCD) stepped up road clearing, water delivery, and mask distribution in Albay on Sunday, May 3, as ashfall from Mayon Volcano spread across 52 barangays, with authorities keeping Alert Level 3 in place and enforcing a six-kilometer Permanent Danger Zone (PDZ)...
The Presidential Communications Office (PCO) welcomed the arrest of former broadcaster Jay Sonza, saying it reflects the government’s firm and lawful response against the spread of fake news. In a statement, the PCO said the National Bureau of Investigation (NBI) acted promptly in filing charges...
The Land Transportation Office (LTO) on Friday, May 1, issued a show cause order (SCO) against a personnel of the Philippine Marine Corps (PMC) whose sports utility vehicle (SUV) got involved in a viral road rage in Silang, Cavite. LTO Chief, Assistant Secretary Markus V. Lacanilao said the SUV, a...
The Philippines successfully avoided the United States’ (US) list of intellectual property violators for a 13th consecutive year, maintaining its status as a regional leader in enforcement despite a surge in counterfeit pharmaceuticals and bureaucratic delays in trademark litigation. In this...
The Philippine National Police (PNP) relieved 11 police officers from the Police Regional Office-1 (Ilocos) for alleged underperformance in illegal gambling operations. Those relieved in Special Order No. 2026-3918 dated April 27 included the PRO-1 intelligence chief, the head of the Pangasinan...
