AEV’s Q2 profit down 63%
Sabin Aboitiz Conglomerate Aboitiz Equity Ventures Inc. saw a 63-percent year-on-year drop in second quarter net profit to P2 billion as most businesses – except for the food segment –…
Fruitas expanding footprint with new store concept
Fruitas’ new store concept :Babot’s Farm Retailer Fruitas Holdings Inc. is rolling out a new store concept with a footprint bigger than its typical kiosks and functions both as a…
Malls, establishment owners urged to lower rents for small businesses
DTI Secretary Ramon Lopez. FILE PHOTO / Earvin Perias MANILA, Philippines — The Department of Trade and Industry (DTI) on Tuesday called on mall and commercial establishment owners to lower…
NFA, scandal-ridden PhilHealth, get biggest subsidies in June
Subsidies for the purchase of rice for buffer stocks and health insurance raised government spending in June with the state-run National Food Authority (NFA) and the now scandal-ridden Philippine Health…
Pandemic drove banks to narrow credit for first time in 11 yrs, says BSP survey
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has…
Dominguez: No new ‘sin’ taxes eyed despite recession
Despite rising budgetary needs for COVID-19 response and universal health care and a weak tax collection because of recession, the government is not resorting to higher excise on so-called sin…
Strong demand continues pulling down T-bill rates
T-bills rates continued to fall across-the-board on Monday as government securities remain appealing to investors while the economy awaits an injection of fiscal stimulus to fight the COVID-19 pandemic. The…
BIR to Pagcor: Offshore Pogos must pay 5 percent franchise tax
The Bureau of Internal Revenue (BIR) is bent on collecting 5 percent franchise taxes owed by Philippine offshore gaming operators (Pogos) based overseas despite opposition from the Philippine Amusement and…
Emperador’s Q2 profit up 24%
Emperador chair Andrew Tan (third from left) visits Bodegas Fundador in Jerez, Spain with son Kevin (second from left) and Emperador president Winston Co CONTRIBUTED PHOTO Tycoon Andrew Tan-led liquor…
SEC blacklists auditor of scammed brokerage
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has blacklisted and fined R&L Investments’ external auditor, under whose watch a rouge settlement clerk pulled off a…