Economy

THE reduction of the bank reserve requirement is expected to boost private construction, particularly for hotels, the Bank of the Philippine Islands (BPI)…

PHILIPPINE businesses that embrace innovation will be in position to boost trade and attract more investment as technology ramps up global competition, the…

THE Philippine Ports Authority (PPA) said it issued bid invitations for a P485.91-million contract to build a breakwater for the Port of Nasugbu,…

APPROVED building permits fell 7.5% year on year in August to 13,436, the Philippine Statistics Authority (PSA) reported. In August, approved building projects…

GOVERNMENT agencies posted a budget utilization rate of 99% as of the end of September, the Department of Budget and Management (DBM) reported.…

THE Bureau of Internal Revenue (BIR) said the lack of supporting documents beyond a certain threshold on sales and purchases involved in a…

SENATOR Cynthia A. Villar said P7 billion needs to be added to the Department of Agriculture’s (DA) proposed budget next year in order…

THE Bureau of Internal Revenue (BIR) said distribution utilities (DUs) and electric cooperatives (ECs) cannot claim input value-added tax (VAT) from generation and…

THE Intellectual Property Office of the Philippines (IPOPHL) said it is planning to release guidelines that will ensure copyright protections in the application…

THE Board of Investments (BoI) said that it had approved P15.23 billion worth of projects in Mindanao as of September, indicating the need…