THE REHABILITATION of Marawi can be supported by the establishment of Islamic lenders and banking units that have Shariah compliant mechanisms as this can aid small businesses and build infrastructure in the war-torn area, an official of the Bangko Sentral ng Pilipinas (BSP) said. “Islamic banking can play an important role in the rehabilitation of […]
1 of 5 FIVE Filipino designers showed their mettle late last month in Singapore’s first virtual fashion show. The project, conceptualized by Daniel Boey, with the cooperation of AP Media, was presented in the last days of August via an immersive 3D website, thefrontrow.style. The show featured several local and regional designers from the Asia-Pacific […]
THE Securities and Exchange Commission (SEC) is warning against a group operated by online personality and convicted scammer Xian Gaza (Christian Albert Gaza) for soliciting investments from the public without a license. In an advisory on its website, the corporate regulator flagged Cristiano Alberto Real Estate Fund (CARE Fund) as an unregistered business that has […]
THE Department of Finance (DoF) expressed the hope that the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) is passed sometime this month, before Congress takes a month-long break in mid-October, Finance Assistant Secretary and the department’s spokesman, Assistant Secretary Antonio G. Lambino II, said. “We hope CREATE will be passed this month,” […]
THE Department of Trade and Industry (DTI) said it will look into the imposition of safeguard measures on resin products after receiving a claim from JG Summit Petrochemical Corp. (JGSPC) that it has been harmed by unfair competition from imports. According to the application filed by JGSPC, the Philippines has been importing increased quantities of […]
BW FILE PHOTO A RENEWABLE ENERGY contracting program of the Department of Energy (DoE) will soon have its first eligible supplier. The department is set to award in the coming days the first operating permit under the green energy option program (GEOP), one among the government mechanisms to bring clean power access to more electricity […]
PHILIPPINE STAR/KRIZ JOHN ROSALES THE fuel-marking program has generated P126.51 billion so far from duties and taxes on fuel products since the program was launched in September 2019, according to the Department of Finance (DoF). The Bureau of Customs (BoC) collected P107.77 billion worth of duties and taxes as of Sept. 3, according to a […]
PHILSTAR THE parties to a power contracts have the final say in relaxing the terms of their deals and invoking force majeure, the Department of Energy (DoE) said, rejecting calls from consumers for the government to intervene. “While the DoE supports any action that will result in the least-cost power supply to the consumers, we […]
By Clairma T. Mangangey We are increasingly seeing the need for accelerated change in businesses to pave the way for recovery from the COVID-19 pandemic. Digital transformation has become necessary for many to continue operations, and the rules for capital markets are being rewritten as the pandemic’s economic and social impact plays out […]
By Arjay Mercado and Filomeno S. Sta. Ana III CRECENCIO I. CRUZ With marching orders from no less than President Rodrigo Duterte himself, expect Congress to approve the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. What the final bill or law will be is a different matter. The devil is in […]