THE Securities and Exchange Commission (SEC) is advising the public to stop engaging with Mining City and Hoton Retail and Services, Inc. as these groups are operating unauthorized investment schemes. In separate advisories on its website, the corporate regulator said it received numerous reports about representatives from Mining City and Hoton soliciting investments from the […]
BORACAY — HSMA.ORG.PH/SOS WHEN the lockdowns to curb the COVID-19 pandemic started in March, one of the industries which was greatly affected was the tourism industry with it the multitude of hotels and resorts located in the country’s tourist destinations. Six months since the start of the lockdowns, hotels and resorts are still not allowed […]
The Court of Tax Appeals — HTTP://CTA.JUDICIARY.GOV.PH/ THE Court of Tax Appeals cancelled the P286.4-million tax assessment of Robinsons Toys, Inc. for 2009. In a 30-page decision dated Sept. 2, the court’s third division set aside the Formal Letter of Demand (FLD) and the Final Decision on Disputed Assessment (FDDA) issued by the Bureau of […]
TWO years after entering the e-commerce space, American beauty brand Kiehl’s is now expanding its online presence by entering Lazada in a bid to introduce more customers to its products. “After successfully pioneering social commerce for the premium beauty segment in the country, we saw that there’s a bigger opportunity to tap customers outside of […]
TRADE Secretary Ramon M. Lopez — PHILSTAR THE Small Business Corp. (SB Corp.) will seek bank financing to expand its available funds for lending to small businesses, and plans to deploy part of its P10-billion budget from the Bayanihan to Recover As One Act (Bayanihan II) to pay for interest, the Department of Trade and […]
OFFICIAL GAZETTE THE Department of Budget and Management (DBM) said local government units (LGUs) must use their one-time grants under the Bayanihan to Heal as One Law (Bayanihan I) by Sept. 16, unless the Palace extends the state of calamity beyond that date. In a Viber message Sunday, Budget Undersecretary Laura B. Pascua said the […]
THE Asian Development Bank (ADB) must fund more community microgrid projects to energize more households in developing countries, a sustainability think-tank said. Ahead of the ADB’s annual governors meeting this week, the Center for Energy, Ecology, and Development (CEED) released a study on the multilateral lender’s energy policies and programs in the past decade. Among […]
A BILL component that provides electrification to far-flung, unenergized parts of the country should be reduced, a consumer group said, after Congress questioned the Department of Energy (DoE) about the rising trend in such charges. During budget hearings last week, Bayan Muna Representative Carlos I. Zarate asked Energy Secretary Alfonso G. Cusi on the increases […]
By Joanne Macainag-Cobacha Health is wealth, particularly during the COVID-19 pandemic. It would seem that the government concurs when it passed Republic Act (RA) No. 9502, otherwise known as the “Universally Accessible Cheaper and Quality Medicines Act of 2008.” The RA empowers the Department of Health (DoH) to keep medicine affordable and accessible […]
By Emmanuel S. De Dios An important task of national leadership is to highlight information that would otherwise be ignored or set aside. Sometimes this can be as vital as telling the public that it is possible to sterilize their face masks with kerosene. At other times it is to place items on […]