Manilatimes

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  • PSEi touches 7,500 but pares day’s losses
    The stock market spent most of Thursday in 7,500 territory, threatening to hit a one-year low, before last-minute buying allowed it to limit losses for the day. The benchmark Philippine Stock Exchange index (PSEi), which hit an intraday low of 7,537.43, managed regain some ground to close at 7,682.24, still… ... more
    Manilatimes |Biz12 hours ago
  • ‘Hot money’ flows turn positive in March
    Foreign portfolio investments turned positive in March, recording the biggest net inflow in three years based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $1.132 billion net “hot money” inflow — a reversal from February’s net outflow of $545.14 million — came as investments in peso debt instruments and Philippine… ... more
    Manilatimes |Biz12 hours ago
  • Directors and their compensations
    Emeterio Sd. Perez GMA Network Inc. named in a definitive information statement (DIS) its six highest paid executives: Felipe L. Gozon, chairman and chief executive officer; Gilberto R. Duavit Jr., president and chief operating officer; Felipe S. Yalong, executive vice president and concurrent group head-corporate services; Marissa L. Flores, senior… ... more
    Manilatimes |Biz12 hours ago
  • Buy while the market stays in the red
    DEN SOMERA Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order… ... more
    Manilatimes |Biz12 hours ago
  • DoF: Bridge initiative to link Visayas, Luzon
    The government is planning to build a host of bridges to link the Visayan Islands to Luzon to encourage economic activity and create jobs, the Finance department said on Thursday. The initiative is expected to cost a combined P269.19 billion, the department said in a statement. Investment Coordination Committee (ICC)… ... more
    Manilatimes |Biz12 hours ago
  • Incentives plan to hurt office demand
    THE government should not remove tax incentives for the Information Technology and Business Process Management (IT-BPM) industry as this would slow demand for office space in the country, according to a real estate consultancy firm. “[T]here is a chilling message that they (the government) are going to impose VAT (value… ... more
    Manilatimes |Biz12 hours ago
  • What keeps banking and capital markets CEOs awake?
    JONATHAN L. UY Prior to joining PwC, I led the corporate risk analytics and modeling team of the Philippines’ biggest bank. We were tasked to develop and implement the different risk management initiatives of the bank. I have completed several global risk certifications such as the Financial Risk Manager (FRM)… ... more
    Manilatimes |Biz12 hours ago
  • Reorganizing for success
    RONALD S. GOSECO I was previously assigned to run automotive dealerships. It was always an exciting experience for me. I was part of a generation where a car was an aspiration. It was always an objective, if not an obsession for some of us as soon as we got our… ... more
    Manilatimes |Biz12 hours ago
  • BPI eyes opportunities, sees continued growth 
    BANK of the Philippine Islands (BPI) expects continued earnings growth this year and is earmarking P50 billion on four strategic opportunities. “It is still a continued growth momentum that we are seeing in 2018,” BPI Chief Finance Officer and head of Strategy and Development Maria Theresa Javier told reporters during… ... more
    Manilatimes |Biz12 hours ago
  • Gabby Lopez retires as ABS-CBN chairman
    Eugenio “Gabby” Lopez 3rd has stepped down as chairman of media giant ABS-CBN Corp, turning over the position to cousin Martin “Mark” Lopez. Gabby Lopez’s retirement after over two decades at the helm was announced during ABS-CBN’s annual stockholders’ meeting on Thursday. “As every athlete knows, there comes a time… ... more
    Manilatimes |Biz12 hours ago
  • Lightning kills 6, hurts 15 in Negros
    BACOLOD CITY: A woman and five minors died while 15 others working in a sugarcane farm were injured after a lightning struck them at Sitio Baras-Barasan in Barangay Manlucajoc, Sipalay City, Negros Occidental, on Wednesday afternoon. Chief Insp. Nazer Canja, city police chief, identified the fatalities as Lorie Tejoc, 36;… ... more
    Manilatimes12 hours ago
  • Quezon town mayor slams vice mayor’s takeover
    LUCBAN, Quezon: Mayor Celso Olivier Dator is contesting the assumption of the town vice mayor as acting mayor, calling the takeover illegal pending his appeal before the Supreme Court over a suspension order issued by the Office of the Ombudsman. Dator’s statement came after Manuel Gotis, Department of Interior and… ... more
    Manilatimes12 hours ago
  • Jail guard thwarts drug smuggling try
    IBA, Zambales: Drug couriers are apparently getting innovative but a vigilant jail guard here thwarted an attempt to smuggle 25 grams of illegal drugs placed inside a water jug into the provincial jail. Brian Paul Dedicatoria, 32, from Botolan town, arrived at the provincial jail in Barangay Palanginan here at about 1… ... more
    Manilatimes12 hours ago
  • Napocor deploys more gensets in Palawan
    State-firm National Power Corp. (Napocor) on Wednesday inaugurated four 600-kilowatt (kW) additional generating sets (gensets) for its power facilities in the towns of San Vicente and El Nido in Palawan to respond to the latter’s growing power demand. “As premiere destination among local and foreign tourists, there is a significant… ... more
    Manilatimes12 hours ago
  • James’ epic start helps Cavs even series with Pacers
    LOS ANGELES: LeBron James crystalized his reputation as one of the best playoff performers in NBA history on Wednesday (Thursday in Manila) as the Cleveland Cavaliers rebounded from a game one rout with a 100-97 win over the Indiana Pacers. James scored 20 of his 46 points in the opening… ... more
    Manilatimes |Sports14 hours ago
  • Global Port is targeting Final Four seat
    “There is always room for improvement, you know—it’s the biggest room in the house.”-Louise Heath Leber Global Port saw action in the Philippine Basketball Association during the 2012-2013. Global Port, known by the moniker Batang Pier, only managed to win one of its 14 games and ended up 10th and… ... more
    Manilatimes |Sports14 hours ago
  • Pacquiao can unite the whole of Asia as well
    From the time Manny Pacquiao knocked out Lehlohonolo Ledwaba in the sixth round to bring the International Boxing Federation super-bantamweight crown to the Philippine shore in 2001, Filipino ring superstar Pacquiao has, almost always, held the country at a standstill in the many encounters he sees action against the best… ... more
    Manilatimes |Sports14 hours ago
  • Cancer survivor shines in Palaro gymnastics
    STA. MARIA, ILOCOS SUR: Central Visayas bet Daniela Dela Pisa, a cancer survivor, dazzled the crowd at the Sta. Maria Municipal Gym here en route to emerging as the queen of rhythmic gymnastics (secondary apparatus) in the 2018 Palarong Pambansa. Dela Pisa won the overall championship after bagging gold medals… ... more
    Manilatimes |Sports14 hours ago
  • Revellers secure finals entry
    Che’Lu-San Sebastian booked the first ticket to the 2018 PBA D-League Aspirants’ Cup Finals, dispatching top seed Akari-Adamson with a 93-90 squeaker on Thursday at Ynares Sports Arena in Pasig City. Jeff Viernes was once again the spark for the Revellers, draining the go-ahead jumper with 18.2 seconds remaining and… ... more
    Manilatimes |Sports14 hours ago
  • Sangalang conquers FWD North Pole Marathon
    Luisito “Louieâ€� Sangalang proved that no adversity can break the Filipino spirit, surviving cancer as a young adult, he represented FWD Life Philippines and succeeded in conquering the grueling 42-kilometer FWD North Pole Marathon held on April 16, Running amid a ruggedly icy terrain and freezing temperature of minus 32… ... more
    Manilatimes |Sports14 hours ago
  • PSL Grand Prix semis blasts off Tuesday
    Top volleyball action intensifies as four teams figure in heated fights for a chance at the crown when the best-of-three semifinals of the Chooks to Go-Philippine Superliga (PSL) Grand Prix fire off on Tuesday at the Filoil Flying V Centre in San Juan. Reigning champion F2 Logistics clashes with Foton… ... more
    Manilatimes |Sports14 hours ago
  • Le Tour de Filipinas rolls off May 20
    A total of 16 teams including 10 foreign squads will test their mettle in the prestigious Le Tour de Filipinas (LTDF) scheduled on May 20 to 23. Last year’s runner-up Daniel Whitehouse of Interpro Cycling Academy will be back in the ninth edition of the LTDF, which will start in… ... more
    Manilatimes |Sports14 hours ago
  • Gleeson grabs lead, Arcillas lurks
    Australian David Gleeson missed setting a new course record at Luisita but achieved grabbing the lead, his seven-under 65 in super hot condition shoving him past a surprisingly tough Erwin Arcillas in the third round of the $100,000 ICTSI Luisita Championship in Tarlac on Thursday. A three-putt miscue on the… ... more
    Manilatimes |Sports14 hours ago
  • Danao all set for 2nd Xterra Triathlon
    From the swim leg to the punishing fire roads and rocky terrain in the bike part and the closing trail run, everything is set for the XTERRA Off-Road Triathlon Asia-Pacific Championship unfolding Sunday in Danao, Cebu. The host city is putting its best foot forward again, vowing no less than… ... more
    Manilatimes |Sports14 hours ago
  • Trump hopeful for Kim summit
    PALM BEACH: US President Donald Trump said on Wednesday (Thursday in Manila) he hoped his improbable summit with North Korea’s Kim Jong Un would go ahead—but warned he was not afraid to walk away if the meeting appears unlikely to be “fruitful.” The odds of the Trump-Kim talks taking place… ... more
    Manilatimes |World15 hours ago
  • UN in security talks with Syria
    BEIRUT: UN security experts have said they were negotiating with Syrian and Russian authorities for international chemical inspectors to deploy to the site of an alleged toxic gas attack near Damascus, after a reconnaissance mission came under fire. The team from the world’s chemical arms watchdog has not yet been… ... more
    Manilatimes |World15 hours ago
  • Britain accuses Russia of breaking weapons ban
    THE HAGUE: Britain accused Russia on Wednesday of breaking the two-decade international ban on chemical weapons, at emergency talks on last month’s poisoning with a nerve agent of a former Russian spy. The accusations came as diplomats from the Organization for the Prohibition of Chemical Weapons met behind closed-doors in… ... more
    Manilatimes |World15 hours ago
  • Helicopters hold live-fire drills in southeast China
    BEIJING: Chinese combat helicopters conducted live-fire drills with missiles off the country’s southeast coast, state media said on Thursday, without confirming whether the exercises took place in the sensitive Taiwan Strait. The People’s Liberation Army (PLA) exercise took place Wednesday and involved various types of helicopters that tested “all-weather operational… ... more
    Manilatimes |World15 hours ago
  • Cambodia Defense Ministry denies weapons smuggling
    The Defense Ministry yesterday denied that weapons seized from a Thai national in Thailand’s Trat province, which borders Koh Kong province’s Cham Yeam International Border checkpoint, were from Cambodia. Chhum Sucheat, spokesman for Defense Ministry, said yesterday that news report published by Thai media outlet was false. “The spokesman of… ... more
    Manilatimes |World15 hours ago
  • Erdogan sends Turkey to snap polls on June 24
    ANKARA: Turkish President Recep Tayyip Erdogan on Wednesday called snap elections for June 24, bringing the polls forward by a year-and-a-half to accelerate the transition to a new system critics fear will lead to one-man rule. The announcement by the strongman leader, who has ruled his country since 2003, upended… ... more
    Manilatimes |World15 hours ago
  • SpaceX blasts off NASA’s new planet-hunter
    TAMPA: NASA on Wednesday blasted off its newest planet-hunting spacecraft, TESS, a $337 million satellite that aims to scan 85 percent of the skies for cosmic bodies where life may exist. The Transiting Exoplanet Survey Satellite (TESS) soared into the cloudless, blue sky atop a SpaceX Falcon 9 rocket from… ... more
    Manilatimes |World15 hours ago
  • Helicopters hold live-fire drills in southeast China
    BEIJING: Chinese combat helicopters conducted live-fire drills with missiles off the country’s southeast coast, state media said on Thursday, without confirming whether the exercises took place in the sensitive Taiwan Strait. The People’s Liberation Army (PLA) exercise took place on Wednesday and involved various types of helicopters that tested “all-weather… ... more
    Manilatimes |World15 hours ago
  • Employers still unsure on hiring K-12 graduates
    Implementation of the K-12 program has not significantly raised the hiring chances of fresh graduates, a jobs portal reported on Wednesday. Jobstreet’s 2018 Fresh Graduate Report, which tracked job postings and results of a survey of employers, found 35 percent of the respondents saying they were not ready to employ… ... more
    Manilatimes |Biz2 days ago
  • Local equities rise on bargain-hunting
    The stock market recovered slightly on Wednesday as investors went bargain hunting, with analysts warning of continued volatility ahead with the benchmark index still at its lowest in nearly a year. The Philippine Stock Exchange index (PSEi) rose by 0.90 percent or 69.74 points to close at 7,793.13 while the… ... more
    Manilatimes |Biz2 days ago
  • DBS: Inflation likely to peak at 5-6% in Q2
    Inflation in the Philippines could hit 5.0-6.0 percent in the second quarter of the year and monetary authorities will likely move to address rising prices by hiking key interest rates next month, Singapore-based bank DBS said. “Having risen above the official 2-4 percent target to 4.3 percent year-on-year in March,… ... more
    Manilatimes |Biz2 days ago
  • Agreement reached on broadband scheme
    The government is close to realizing its goal of bringing high-speed internet to the country with common ground for a broadband plan having been reached by concerned parties, a government official claimed on Wednesday. An agreement — but not yet a formal deal — was settled between the Department of… ... more
    Manilatimes |Biz2 days ago
  • PH at a crossroads when it comes to fiscal incentives
    Ben D. Kritz IF we take the news reports from earlier this week at face value, we might draw the conclusion that a key part of the Philippine’s economic growth formula will be put in serious jeopardy once Congress starts deliberating on the second phase of the government’s comprehensive tax… ... more
    Manilatimes |Biz2 days ago
  • Service of tax notices – Know the rules!
    EUNEY MARIE MATA-PEREZ With the tax-filing season recently concluded, we are certain that the BIR will be stepping up on its audit and collection efforts. Thus, knowing the rules in assessments, including how the BIR validly serves notices, is crucial. Due process dictates that every taxpayer should be informed of… ... more
    Manilatimes |Biz2 days ago
  • DTI sees coffee industry growing under roadmap
    The Department of Trade and Industry (DTI) expects the Philippine coffee sector to grow substantially as the government aims to increase its sufficiency level from the current 41.6 percent to 161 percent by 2022 under an industry plan signed last year. In a statement on Wednesday, Trade Secretary Ramon Lopez… ... more
    Manilatimes |Biz2 days ago
  • When the disruptors self-disrupt: What’s next after G...
    JAY OLOS The merger between Grab and Uber is, perhaps, one of the biggest stories of the first quarter—not just in the Philippines but also in the whole of Southeast Asia. For a region that is growing rapidly and becoming more adaptive and reliant on emerging technology, it came like… ... more
    Manilatimes |Biz2 days ago
  • Protecting the welfare of the BPO workforce
    KAY CALPO LUGTU Just recently, Quezon City Representative Alfred Vargas filed House Bill 5728, “An Act Ensuring the Rights, Welfare and Safety of the Workers in the IT-BPO industry in the Philippines,” aiming to enhance the working conditions and addressing professional development and career growth of this 1.2 million strong… ... more
    Manilatimes |Biz2 days ago
  • Higher prices boost Global Ferronickel’s 2017 earning...
    GLOBAL Ferronickel Holdings Inc. (GNI) said higher prices of nickel ore, increased sales, and favorable foreign exchange rates boosted its revenues in 2017 to P5.82 billion from P3.77 billion in 2016. In a regulatory filing on April 16, the company said nickel ore prices improved to 19.29 per wet metric… ... more
    Manilatimes |Biz2 days ago
  • Army battalion to battle NPA rebels
    GAMU, Isabela: A battalion under the Philippine Army’s 5th Infantry (Star) Division was recently activated to combat the communist New People’s Army (NPA) in the Northern Luzon area, according to the 5th ID here. Captain Jeffrey Somera, 5th ID public affairs chief, said the office of the Armed Forces of the… ... more
    Manilatimes2 days ago
  • PCSO gives hope to baby needing heart surgery
    What would have been just an ordinary day for Aries and Shilet Cabildo, parents of 18-month-old baby Usher, who is suffereing from a congenital heart disease, turned out to be extra special as their prayers were answered. They had lined up at the Nueva Ecija High School gym in Cabanatuan… ... more
    Manilatimes2 days ago
  • Sandigan junks Davao del Norte lawmaker Floreindo’s p...
    The anti-graft court Sandiganbayan’s Sixth Division has denied Davao del Norte (Second District) Rep. Antonio Floirendo Jr.’s plea to order the Office of the Ombudsman to complete its preliminary investigation of a graft case against him. Floirendo, who is out on bail, is facing the graft case before the Ombudsman… ... more
    Manilatimes2 days ago
  • DENR orders 14 Puerto Galera businesses out of easement zone
    The Department of Environment and Natural Resources (DENR)-Mimaropa ordered 14 establishments in Puerto Galera, Mindoro Oriental, to dismantle structures they have built on easement zones in Sabang and White Beach and to vacate the areas. Sabang and White Beach are the major tourist destinations in Puerto Galera. As part of the general… ... more
    Manilatimes2 days ago
  • Developer puts in P5B in township
    Property developer and construction company HG-III Construction and Development Corporation is investing P5 billion in initial phases of a 200-hectare master-planned township, Golden Horizon, in Trece Martires, Cavite. “We are investing P5 billion for the completion of Phase 1 and to jumpstart the development of Phase 2. We are targeting… ... more
    Manilatimes2 days ago
  • Pacquiao says door always open for Roach
    Eight-division world champion Manny Pacquiao said that he’s not closing his door for his long-time trainer Freddie Roach but for now, his childhood friend Buboy Fernandez will handle his training for his upcoming bout against Lucas Matthysse on July 15 in Kuala Lumpur, Malaysia. “Freddie (Roach) and I have a… ... more
    Manilatimes |Sports2 days ago
  • Wizards spellbound by rampant Raptors, Celtics down Bucks
    LOS ANGELES: DeMar DeRozan scored 37 points as the Toronto Raptors overwhelmed the Washington Wizards 130-119 to take a 2-0 lead in their best-of-seven Eastern Conference NBA playoff series Tuesday (Wednesday in Manila). A record-breaking first-half performance laid the foundations for the Raptors, who had surged into a 76-58 lead… ... more
    Manilatimes |Sports2 days ago
  • Calabarzon trackster breaks 39-year Palaro record
    BANTAY, ILOCOS SUR: Veruel Verdadero of Calabarzon shattered a 39-year national juniors record when he ruled the 100-meter sprint secondary boys anew in the 2018 Palarong Pambansa on Wednesday at the President Elpidio Quirino Stadium here. Verdadero clocked 10.55 seconds, eclipsing Julius Bayaban’s previous mark of 10.60 seconds in the… ... more
    Manilatimes |Sports2 days ago
  • Revellers, Jawbreakers target finals entry
    Che’Lu Bar & Grill-San Sebastian College and Zark’s Burger-Lyceum of the Philippines University eye to barge into the finals of the Philippine Basketball Association Developmental League (PBA D-League) Aspirants’ Cup 2018 when they take on Akari-Adamson University and Marinerong Pilipino, respectively, today at the Ynares Sports Arena in Pasig City.… ... more
    Manilatimes |Sports2 days ago
  • PSL Sirib meet rolls off April 21
    The country’s top young swimmers will vie for honors in the 135th Philippine Swimming League (PSL) National Series – 2nd Sirib Swimming Championship slated on April 21 to 22 at the Marcos Stadium Swimming Pool in Laoag, Ilocos Norte. More than 500 tankers have already confirmed their attendance to the… ... more
    Manilatimes |Sports2 days ago
  • Pacquiao without Roach
    CONRAD M. CARIÑO Freddie Roach not training Manny Pacquiao for his fight against Argentine knockout artist Lucas Matthysse is definitely bad news. I will not go into detail as to what led to the split between Roach and Pacquiao, but the world-class trainer was right when he said that the… ... more
    Manilatimes |Sports2 days ago
  • Coach Chot upbeat for Kobe Paras
    Gilas Pilipinas coach Chot Reyes believes that the future is bright for Kobe Paras who will join the Gilas Cadets that will compete in the 2018 FilOil Flying V Preseason Premier Cup. Reyes, after seeing Paras’ athleticism and hoops prowess, said the former La Salle Greenhills star player would be… ... more
    Manilatimes |Sports2 days ago
  • Obscure Pinoys seize 1-2 at PGTA Luisita
    Rolando Marabe tripped with a bogey on the last hole but took a step ahead with a 69, leading an unlikely 1-2 charge by the unfancied Filipino bets as Erwin Arcillas moved to joint second with a solid 68 midway through the $100,000 ICTSI Luisita Championship at the Luisita Golf… ... more
    Manilatimes |Sports2 days ago
  • Southwoods seniors tourney under way
    The Manila Southwoods Seniors Chapter will hold the Seniors Trimester Birthday Bash today (Thursday) with close to a hundred players vying for top honors in various divisions at the Legends course in Carmona, Cavite. Up for grabs are three division titles with the field to be classified based on the… ... more
    Manilatimes |Sports2 days ago
  • TRI-Factor holds virtual bike challenge
    TRI-Factor stepped up its buildup for the Asian Championship Series next month as it held a pre-race activity dubbed the TRI-Factor Virtual Cycling Challenge at the Bonifacio High Street Central at Bonifacio Global City last weekend. Celebrities/athletes graced and took part in the event with world class pro MMA fighter… ... more
    Manilatimes |Sports2 days ago
  • Summit seen to end Korean war
    PALM BEACH, Florida: President Donald Trump gave his blessing to talks aimed at formally ending the Korean War in a series of diplomatic revelations on Tuesday (Wednesday in Manila), as reports said CIA director Mike Pompeo had met Kim Jong Un on a secret visit to Pyongyang. Raising expectations for… ... more
    Manilatimes |World2 days ago
  • Trump, Abe discuss North Korea, trade
    PALM BEACH, Florida: Donald Trump hosts his golfing buddy Shinzo Abe at his Mar-a-Lago resort on Tuesday, with both leaders eager to iron out differences on trade and display a united front on North Korea as the US president prepares to meet Kim Jong Un. Japan’s Prime Minister is making… ... more
    Manilatimes |World2 days ago
  • China holds live-fire drills in Taiwan Strait
    BEIJING: China held live-fire drills in the Taiwan Strait on Wednesday but Taipei dismissed the exercises as “routine” after expected large-scale naval maneuvers failed to materialize. Beijing had announced the drills last week, further ramping up tensions following stark warnings against any independence moves by the self-ruled island which China… ... more
    Manilatimes |World2 days ago
  • Facebook rolls out privacy choices under EU rules
    MENLO PARK, California: Facebook announced on Wednesday it would begin rolling out changes to how it handles private data this week to comply with forthcoming EU rules, with European residents seeing the measures first. The social network, which has been rocked by disclosures about hijacking of personal data on tens… ... more
    Manilatimes |World2 days ago
  • Global arms watchdog starts talks on spy poison case
    THE HAGUE: Diplomats were holding emergency talks on Wednesday on the poisoning of a former Russian spy, after the global chemical arms watchdog confirmed British findings that he was the victim of a nerve agent attack. Diplomatic sources said the closed-door meeting of the Organization for the Prohibition of Chemical… ... more
    Manilatimes |World2 days ago
  • China to offer visa-free travel to its own ‘Hawaiiâ...
    BEIJING: China unveiled plans on Wednesday to permit visa-free travel to its southern island of Hainan, as Beijing pushes international tourism to the tropical destination in another step to open up the region. The new policy will start in May and allow travelers from 59 countries to visit Hainan for… ... more
    Manilatimes |World2 days ago
  • China ODA impact uncertain – Nomura
    Promises of a significant economic boost from the Duterte administration’s pivot to China and Beijing’s ambitious Belt and Road Initiative (BRI) remain just that, given current realities, Japan’s Nomura indicated. In a report titled “Belt and Road: Globalization, China style” released on Tuesday, Nomura tagged the Philippines, along with Pakistan,… ... more
    Manilatimes |Biz2 days ago
  • PSEi down anew, drops to 7,700 level
    The stock market fell further on Tuesday, dropping to its lowest in nearly a year, with investor sentiment said to have been dampened by trade and geopolitical concerns and fears of an economic overheating. The benchmark Philippine Stock Exchange index dropped by 1.87 percent or 146.86 points to finish at… ... more
    Manilatimes |Biz2 days ago
  • PH growth forecast kept at 6.7%
    The Philippine economy will likely repeat last year’s growth pace before picking up in 2019, the International Monetary Fund (IMF) said. In the April edition of its “World Economic Outlook”, the IMF retained its 2018 gross domestic product (GDP) growth forecast at 6.7 percent and said the figure could rise… ... more
    Manilatimes |Biz2 days ago
  • Sugar-sweetened drinks boost Q1 tax collections
    New taxes allowed the Bureau of Internal Revenue (BIR) to significantly raise collections from sugar-sweetened beverages (SSB) in the first quarter, the agency’s chief said. “We had collected P6 billion from sugar sweetened beverages. From zero collection, it contributed a lot to our first-quarter performance,” BIR Commissioner Caesar Dulay told… ... more
    Manilatimes |Biz2 days ago
  • China hits US sorghum with anti-dumping duties
    But also plans to lift foreign ownership limits on automakers BEIJING: China announced Tuesday that it was slapping provisional anti-dumping duties on sorghum imported from the United States amid heightened trade tensions between the world’s two top economies. The news came as China also announced a timeline for lifting ownership… ... more
    Manilatimes |Biz2 days ago
  • Alliance Select’s accumulated losses hit $32M
    EMETERIO SD. PEREZ THE Securities and Exchange Commission must act now before it is too late for its officials to do something for the public stockholders who have incurred significant losses from their investment in Alliance Select Foods International Inc. (ASFII). Alliance Select has an authorized capital stock of 2.5… ... more
    Manilatimes |Biz3 days ago
  • Agri, trade depts ink deal to boost rubber industry
    The departments of Agriculture (DA) and Trade and Industry (DTI) have signed an agreement to strengthen rubber production in the Philippines. In a statement on Tuesday, Agriculture Secretary Emmanuel Piñol said both departments signed the Joint Statement of Commitment for the Philippine Rubber Industry to “support the development” of the… ... more
    Manilatimes |Biz3 days ago
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