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THE ONGOING Middle East war may have continued to take a toll on migrant Filipinos, as the money they sent home in May slumped to its lowest level in a year, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Cash remittances from...
TAX PERKS granted to large multinational enterprises could become less attractive if the Philippines implements the proposed Qualified Domestic Minimum Top-up Tax (QDMTT), an expert warned. “We provide tax incentives to foreign investors...
THE PHILIPPINES has a “low likelihood” of hitting its 6-7% gross domestic product (GDP) growth target by 2028 under the Philippine Development Plan (PDP), according to the Philippine Statistics Authority (PSA). “The latest data showed...
THE PHILIPPINE government is studying possible measures to cushion the impact of rising fuel prices as renewed tensions in the Middle East threaten global oil supplies, Malacañang said on Wednesday. President Ferdinand R. Marcos, Jr. has...
LOPEZ-LED First Gen Corp. has received an unsolicited, non-binding offer worth $5 billion (about P308 billion) from Indonesia’s PT Barito Renewables Energy (BREN) to acquire its renewable energy subsidiary Energy Development Corp. (EDC),...
CEBU AIR, Inc. (CEB), operator of budget carrier Cebu Pacific, said its passenger traffic rose 4.24% year on year to 14.50 million in the first half, driven by higher domestic passenger traffic. “June marked a return to year-on-year passenger...