Mobile Data Business Skyrockets, Ph Telcos Gain Billions
Subscribers using smartphones to access the internet greatly increased. Smart and Globe, two of the country’s giant mobile network service providers gained billions on revenues …
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PLDT Spends P6 Billion on System Upgrade
The country’s largest telecommunications company PLDT (Philippine Long Distance Telephone Co) has come up with a better service to delight its customers. It has completed …
APEC Summit Brings Over 1 Billion Losses
Flight Cancellations due to APEC (Asia Pacific Economic Cooperation) summit has created a great impact on the revenues of two of the country’s leading airlines. …
SEC Wants Access to Bank Accounts
The Philippines is applying to be part of the IOSCO (International Organization for Securities Commission). It is an association of corporate regulators that manages the …
Arguments Against Higher Tax on Sweetened Beverages
Marikina Rep. Romero Quimbo, chairman of house committee on means and ways said that the bill imposing tax on sweetened drinks will be passed in …
Higher Taxes On Sweetened Drinks Could Lead To Labor Retrenchment
The ways and means committee of the Lower House has approved on Tuesday the bill seeking to impose P10 excise tax on sweetened drinks. HB 3365 …
Bureau of Customs Fails to Meet October Collection Target
This is the fourth month that the Bureau of Customs (BOC) was not able to meet its collection target. The last time it was able to …
Bureau of Customs Increases Levies on Balikbayan Box Containers by 125%
Two months ago, OFWs were angered because of the very strict regulation imposed by the Bureau of Customs (BOC). Balikbayan boxes were opened and manually inspected by …
“Acceptable, Meaningful’ BBL Supported By PH Business Groups
Business leaders like Vicente Lao, chairman of the Mindanao Business Council agree to support the chance to achieve peace. Economic intervention, according to business leaders …
BSP Sets New Regulations on Marketing of Financial Products
Due to the complexity of financial products being offered in the market, BSP has issued new rules for its supervised financial institutions to prevent clients …
PH To Gain P5-10 Billion Investments If Gov’t Simplify Business Regulations, World Bank Says
Every country has business regulations that business owners and entrepreneurs must follow to avoid penalties and complaints. At the recent launch of the 2016 Doing …
Impact on OFW Remittances as the Greenback Appreciates
OFW remittances prove to be one of the major reasons why our economy keeps going. It is one of the major sources of foreign exchange …
Aquino Sings His 10 Economic Achievements To Country’s Leading Businessmen
The Philippine Chamber of Commerce and Industry, the country’s largest business organization held its 41st Business Conference on October 26-27 at the Marriot Hotel in …
PAL Shells-out $500 to $700 Million For New Aircrafts
After PAL exited receivership in 2007 and after a brief management takeover by the San Miguel Group from 2012-2014 PAL has fully recovered and re-established …
Lando’s Massive Economic Damages Reach P5.9B
Tropical typhoon Lando, with international code name Koppu, which made a landfall in the Philippines on Sunday has caused a massive impact on the country’s …