January 9, 2025
Digital media VAT seen raising over P102 billion
VENTI VIEWS—UNSPLASH THE value-added tax (VAT) on digital media and advertising is projected to bring the government P102.12 billion in revenue by 2029, a Department of Finance (DoF) official said. “We hope that… a lot of the DSPs (Digital Service Providers) will comply, so that we really reap the benefits of this measure,” DoF director […]
January 9, 2025
Tobacco industry backs pause in excise tax hike to deter smuggling
PHILIPPINE STAR/ MIGUEL DE GUZMAN THE Philippine Tobacco Institute (PTI) said on Thursday that a pause in raising excise taxes on tobacco could steer consumers away from smuggled cigarettes and stabilize prices of legitimate products. “By pausing the annual excise tax increases, the prices of legitimate products such as cigarettes can stabilize and decrease the […]
January 9, 2025
Tax exemption on ABS transfers takes effect
BW FILE PHOTO THE Bureau of Internal Revenue (BIR) said a tax exemption on secondary trade and transfers of asset-backed securities (ABS) has taken effect. “The sale or transfer of assets to the SPE (Special Purpose Entity), including sale or transfer of any and all security interest thereto, made in accordance with the Securitization Plan, […]
January 9, 2025
ICTSI’s P2.35-B Iloilo port project registered with BoI
ICTSI THE Board of Investments (BoI) said it approved a P2.35-billion project of the International Container Terminal Services, Inc. (ICTSI) to modernize, manage, and operate the Visayan Container Terminal in Iloilo. In a statement on Thursday, the BoI said that it awarded the certificate of registration to the ICTSI project, which aims to transform the […]
January 9, 2025
Corn production to be disrupted by rains
DA.GOV.PH BAD WEATHER is expected to disrupt corn production this year after rains forced some farmers to alter their planting schedules, according to the Philippine Maize Federation, Inc. (PhilMaize). “Bad weather, typhoons, and heavy rains caused delays in planting in some areas. There are some that have completed their planting, while for others, planting is […]
January 9, 2025
Camp John Hay Golf Club members withdraw complaint against BCDA
CAMP JOHN HAY GOLF CLUB FACEBOOK THE Bases Conversion and Development Authority (BCDA) said members of Camp John Hay Golf Club withdrew their complaint against the state-owned corporation. “A group of Camp John Hay Golf Club members moved to withdraw their case filed before the Baguio Regional Trial Court, signaling their willingness to build a […]
January 9, 2025
PHL undernutrition seen costing economy $8.5 billion each year
PHLSTAR FILE PHOTO UNDERNUTRITION in the Philippines is estimated to cost the economy up to $8.5 billion a year, according to Nutrition International’s Cost of Inaction Tool. “In the Philippines, the cost of inaction is estimated to be $8.5 billion per year,” Nutrition International Health Economics Project Director Dylan Walters said in a briefing late […]
January 9, 2025
AirAsia signs on to pitch PHL to Muslim travelers
AIRASIA THE Department of Tourism (DoT) said on Thursday that it signed a memorandum of understanding (MoU) with AirAsia Philippines, which will help promote Muslim-friendly tourism. “The potential of halal and Muslim-friendly tourism is huge for the Philippines because halal tourism globally is one of the largest sectors of tourism, and its value is growing […]
January 9, 2025
Peso weakens further vs dollar as strong US data may keep Fed hawkish
PHILIPPINE STAR/WALTER BOLLOZOS THE PESO dropped further to hit a near three-week low against the dollar on Thursday as strong US labor data fanned bets that the US Federal Reserve would keep rates unchanged at their meeting this month. The local unit closed at P58.50 per dollar on Thursday, weakening by 10.5 centavos from its […]
January 9, 2025
Last-minute bargain hunting buoys PHL shares
BW FILE PHOTO PHILIPPINE SHARES rose on Thursday, lifted by last-minute bargain hunting after trading in the red for most of the session, as minutes of the US Federal Reserve’s December meeting affected market sentiment. The benchmark Philippine Stock Exchange index rose by 0.22% or 14.85 points to end at 6,511.57 on Thursday, while the […]
January 9, 2025
N. Korea missile launch denounced
People watch a TV broadcasting a news report on North Korea firing what appeared to be a long-range ballistic missile, at a railway station in Seoul, South Korea, Dec. 18, 2023. — YONHAP VIA REUTERS THE PHILIPPINES on Thursday expressed “serious concern” and denounced the ballistic launch conducted by the North Korean government earlier this […]
January 9, 2025
Kanlaon agri damage at P129M
PHILSTAR FILE PHOTO/ROB ILUMBA UGBINADA AGRICULTURAL damage due to the eruption of the Kanlaon Volcano late last year was estimated at P129.39 million according to the Department of Agriculture (DA). In its latest report, the DA said that the volume of crops lost stood at 5,420 metric tons (MT) across 581 hectares, affecting 1,431 farmers […]
