Editor’s Pick

Mining shares sustain rise, but uncertainty remains

By Luisa Maria Jacinta C. Jocson MINING stocks maintained their surge on Wednesday as the market cheered the lifted ban on open-pit mining, prompting traders and analysts to assess the longer-term impact on profits while staying wary on the move’s continuity when the country elects new political leaders. “Definitely it’s …

Read More »

Business leader says further easing of restrictions in Metro Manila not necessary

THE IMPLEMENTATION of looser quarantine protocols in the capital region Metro Manila is not necessary in consideration of the threat of the more transmissible Omicron variant, according to Presidential Adviser for Entrepreneurship Jose Ma. “Joey” A. Concepcion III. Mr. Concepcion said during a Palace briefing on Wednesday that the National …

Read More »

PHL vaccination rate reaches 63% as new cases jump to 889

THE PHILIPPINES’ vaccination rate has reached 63% of the target population, with 48.6 million individuals having received full dose, the presidential spokesman said on Wednesday. The government was initially targeting to fully vaccinate at least 70% of its 109.6-million population, but the goal has been increased with the rollout of …

Read More »

Gov’t to release P4.8-B cash aid to ‘Odette’ victims

THE PHILIPPINE government is releasing about P4.8 billion for cash assistance to survivors of typhoon Rai, locally named Odette, at P1,000 per individual with a maximum of P5,000 per household, the Department of Interior and Local Government spokesman announced on Wednesday. The total fund can cover 4.8 million individuals, higher …

Read More »

BoC to charge provisional duties on Vietnam cement

THE Bureau of Customs (BoC) will charge provisional anti-dumping duties on some cement imports from Vietnam for four months, after they were found to have injured the domestic cement industry. The BoC, in a statement on Wednesday, said tariffs in the form of cash bonds will be imposed for four …

Read More »

PHL needs to push reform momentum with further economic opening — BCCP

THE Philippines needs to ride the momentum of recent reform measures to attract more foreign direct investment (FDI) in order to sustain its economic recovery, the British Chamber of Commerce Philippines (BCCP) said. BCCP Executive Director Chris Nelson said in a television interview on Wednesday that momentum has been built …

Read More »

BIR, PSALM settle tax disputes with P517.71-million payment

THE Power Sector Assets and Liabilities Management Corp. (PSALM) and the Bureau of Internal Revenue (BIR) agreed to settle all their outstanding tax disputes, PSALM said in a statement. PSALM remitted around P517.71 million to the BIR, which covered outstanding tax cases dating from 2006 to 2016, and disputed assessments …

Read More »

Energy dep’t to lay down rules for conservation program

THE Department of Energy (DoE) is planning to issue six circulars to lay down the rules for, among others, vehicle testing laboratories and the certification process for auditors participating in its Energy Efficiency and Conservation Program. At a consultation on Dec. 22, the DoE released the six draft circulars which …

Read More »

BoC collections from pork imports P3.3B under lowered tariffs

THE Bureau of Customs (BoC) said it has collected P3.3 billion in revenue from pork imports after the government cut tariffs on the commodity to stabilize pork prices. Pork import volume was 214 million kilograms between April 7 and Dec. 10, or since President Rodrigo R. Duterte’s orders to lower …

Read More »

DBM releases P7.68 billion for typhoon rehabilitation

THE Budget department on Wednesday said it has released P7.68 billion to local governments and national agencies for their Typhoon Odette response and recovery efforts. The Department of Budget and Management (DBM) said in a statement that it released P4.85 billion to local government units on Tuesday to distribute as …

Read More »