Health dep’t warns DENR’s ‘white sand’ project can cause respiratory ailments INHALATION OF crushed dolomites placed along the shore of Manila Bay — a project being undertaken by the Department of Environment and Natural Resources (DENR) to create a ‘white sand’ effect — may have “adverse effects” in the respiratory system, the Health department said. […]
PHILSTAR Palace says Bayanihan 2 bill to be signed by mid-Sept THE SECOND law covering measures for the coronavirus disease 2019 (COVID-19) response will be signed not later than mid-September, Palace Spokesperson Harry L. Roque said on Monday. “I don’t think the first two weeks of September will pass without the bill being signed. I […]
CHEd Chairman J. Prospero E. De Vera III during Monday’s press teleconference on the resumption of collegiate sports training. — MIKE MURILLO TRAINING for collegiate student-athletes may start soon amid the coronavirus pandemic, the Commission on Higher Education (CHEd) said in a press teleconference on Monday. After thorough discussions with other government agencies tasked to […]
Philippine exports continue to slump amid the global recession. — PHILIPPINE STAR/EDD GUMBAN By Jenina P. Ibanez, Reporter PHILIPPINE EXPORTS’ return to growth could be as far away as 2022 after the effects of the pandemic caused a slowdown in operations that will likely prompt the government to revise its export targets for the next […]
BW FILE PHOTO THE government raised P1.857 trillion from both domestic and foreign lenders in the first seven months of the year, as it borrowed more to fund the growing expenses related to the pandemic. Data from the Bureau of the Treasury (BTr) showed National Government gross borrowings surged 121% from the P839.7 billion logged […]
The Bureau of Internal Revenue (BIR) is offering a voluntary assessment and payment program, as it seeks to reduce tax audit investigations amid the pandemic. — PHILIPPINE STAR/KRIZ JOHN ROSALES By Beatrice M. Laforga, Reporter THE Bureau of Internal Revenue (BIR) is offering a program to allow taxpayers to voluntarily settle their tax arrears, as […]
The Philippine central bank is shifting to active gold trading, Governor Benjamin E. Diokno said. — CHRIS RATCLIFFE/BLOOMBERG THE central bank’s decision to go into active gold trading is seen as a timely move, as the price of the safe-haven asset has risen amid the pandemic, analysts said. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin […]
By Arjay L. Balinbin, Senior Reporter THE proposed measure that seeks to grant San Miguel Aerocity, Inc. various tax incentives for the P740-billion Bulacan airport project — including income tax exemption for the entire 50-year concession period — is likely to get strong support from senators. “I’m supportive. It will give the builder honest-to-goodness incentives […]
XTREME President and CEO Richard Lim By Denise A. Valdez, Senior Reporter A LOCAL distributor of home appliances is aiming to become a household staple by tapping the provincial market and offering products at bargain prices. XTREME Appliances (Suntouch Technology Corp.) is bullish to spend P100 million to open 20 personally branded stores this year […]
BW FILE PHOTO RATES OF the government securities (GS) on offer this week will likely move sideways on ample demand amid strong market liquidity and as inflation eased in August. The Bureau of the Treasury (BTr) is set to borrow P20 billion from Treasury bills (T-bills) on Monday: P5 billion each from 91- and 182-day […]