Source : BusinessMirror

The Central Bank on Monday said Philippine banks have “minimal” exposure to Russia and Ukraine, as the war continues for a seventh week...

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The pandemic has prevented the Philippine economy from breaching the P20-trillion mark in terms of its nominal GDP, according to the National Economic and Development Authority (Neda)...

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The direct impact of the Russia-Ukraine war on the Philippines is “inconsequential,” representing less than 1 percent of merchandise trade and banks’ financial exposure, but the conflict might make a dent on inbound remittances, the Bangko Sentral ng Pilipinas (BSP) chief said...

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With just over two months left under the Duterte administration, Finance Secretary Carlos G. Dominguez III renewed his call for the passage of the Real Property Valuation and Assessment Reform Act, saying this would help the government collect more revenues...

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To ensure the safety of high-risk government officials during the election period, the Commission on Elections has granted them “automatic” exemption from the ongoing gun ban...

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Private schools and nonprofit hospitals may have to pay the 25% regular corporate income tax if their gross income from unrelated business activities exceeds 50% of the total income, the Bureau of Internal Revenue (BIR) said...

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The Department of Trade and Industry (DTI) has issued a rule on the mandatory product certification of energy consuming products such as room air conditioners, television sets and fluorescent lamps, with a warning to distributors and retailers of penalties if such order is not observed...

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The Department of Finance (DOF) has asked local governments to adjust their real estate taxation as they are losing billions in resources because of outdated valuation of properties...

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The Metropolitan Manila Development Authority (MMDA) has announced the suspension of the Modified Unified Vehicular Volume Reduction Program or the number coding scheme during the Holy Week...

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The Metropolitan Manila Development Authority (MMDA) has asked the Land Transportation Office (LTO) to issue plate licenses with the same last digits to motorists registering their new vehicles...

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Only individuals fully vaccinated against COVID-19 will be allowed to enter the places of worship, Interior Secretary Eduardo Año said on Monday during the taped weekly “Talk to the People” briefing of President Rodrigo Duterte that aired Monday night...

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The Vape Bill, which awaits the approval of the President, will empower the Department of Trade and Industry to order a recall or confiscation of non-compliant vape products sold online and in physical stores, according to an industry group...

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Finance Secretary Carlos Dominguez III said Monday proper land valuation is the “right way” to impose wealth tax on the rich...

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Moody's Investors Service announced on Monday that it has maintained a stable outlook on the majority of Asia Pacific (APAC) banking systems, including the Philippines...

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Persons with disability (PWDs) need greater access to financial technology or fintech to bring down their regular expenses and gain greater control over their finances, according to an expert from the Asian Development Bank (ADB)...

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The Bases Conversion and Development Authority (BCDA) is inviting Taiwanese businesses to set up their operations in Northern and Central Luzon, particularly at the Poro Point Freeport Zone and in New Clark City...

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A fresh showdown looms in Ukraine after Moscow appointed a new military commander and looked to concentrate its attacks on the eastern part of the country, while Ukrainian President Volodymyr Zelenskyy said his troops would hold their ground and urged Western leaders, in particular United States President Joe Biden, to do more...

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Ukraine said Sunday it had found more than 1,200 bodies in the Kyiv region, the scene of atrocities allegedly committed during the Russian occupation last month, as residents in the country's east braced — or fled — ahead of an expected massive offensive...

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The World Health Organization said on Monday, April 11, it is tracking a few dozen cases of two new sub-variants of the highly transmissible Omicron strain of the coronavirus to assess whether they are more infectious or dangerous...

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Russia was poised Monday to take the strategic city of Mariupol and unleash a massive offensive in eastern Ukraine, as fresh diplomatic efforts with Moscow to broker a peace offered little hope of de-escalation...

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Twenty mostly African countries have still not vaccinated even 10 percent of their population against Covid-19, the World Health Organization's vaccine advisers lamented Monday...

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An experimental drug being developed by RedHill Biopharma Ltd that improved outcomes in a randomized trial involving severely ill COVID-19 patients infected with earlier versions of the coronavirus is showing promise against the Omicron variant in test tube experiments, researchers said...

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Joyce Ares had just turned 74 and was feeling fine when she agreed to give a blood sample for research. So, she was surprised when the screening test came back positive for signs of cancer...

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The Philippines invests less than a percent of its GDP for nutrition programs that could prevent stunting, according to a study released by state-owned think tank Philippine Institute for Development Studies (PIDS)...

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The Sugar Regulatory Administration (SRA) on Monday stood pat on its proposal to import sugar, sounding the alarm that the country may grapple with a shortage and high prices of the sweetener by the third quarter...

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Sugar Regulatory Administration (SRA) chief Hermenegildo Serafica denied any midnight deal in the agency’s plan to import sugar, saying the government needs to move now in order to avert a potential supply shortfall in the coming months...

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The Department of Energy (DOE) has directed listed upstream oil and gas firm PXP Energy Corp. to suspend exploration activities in its service contracts in the West Philippine Sea until it secures the go ahead of a government cluster overseeing political, diplomatic and national security concerns...

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The Department of Health (DOH) is considering the redefinition of the validity of fully inoculated individuals’ vaccination cards, the agency spokesperson said on Monday...

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The Metropolitan Manila Development Authority (MMDA) announced yesterday the suspension of the number coding scheme during Holy Week...

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The Department of Health (DOH) yesterday assured the public that measures are being undertaken to control the ongoing dengue outbreak in Zamboanga City...

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Newly detected COVID-19 cases were still on a decline while deaths continued to increase mostly due to delayed reporting...

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With the 2022 national and local elections barely a month away, authorities will be keeping a close eye on a fewer number of poll hot spots while going after those engaged in vote-buying...

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The chief of the Bureau of Internal Revenue (BIR) has aired his willingness to face any trial once someone sues him in court for the alleged failure of his office to collect the more than P200 billion in uncollected estate taxes of the Marcos family...

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A majority of Filipinos believe that the next president should focus on the economy and job creation, the first quarter survey of Publicus Asia revealed...

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There are fewer election hot spots this year than in the 2019 midterm polls, an indication of how the peace and order situation has improved, the Department of the Interior and Local Government said...

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Two senators on Monday called on the Commission on Elections (Comelec) to investigate the alleged disorder that marred the first day of absentee voting abroad, mainly in Hong Kong...

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There’s a “distinct possibility” of a resurgence of COVID-19 cases, President Rodrigo Duterte warned on Monday in his weekly taped “Talk to the People” briefing...

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Everyone will have to keep wearing masks in public to be protected against COVID-19 until the end of the term of President Rodrigo Duterte...

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The Philippine Consulate General in New York finally received on Monday the vote counting machines (VCMs) and other election paraphernalia to be used in Eleksyon 2022...

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The Philippine consulate general in Dubai disputed allegations circulating online that one Filipino taking part in the overseas voting in the 2022 polls received a ballot that had already been shaded...

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The Philippine Amusement and Gaming Corp. (Pagcor) turned over P6 billion in cash dividends to the National Treasury on Monday, bringing to P48.94 billion its total remittances for dividend years 2016 to 2021...

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Another oil price rollback takes effect this week. Oil firms announced Monday a P1 per liter price reduction for gasoline, P0.35 per liter for diesel, and P3 per liter for kerosene.

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The fuel crising is making it more difficult for the domestic shipping industry to reach pre-pandemic cargo volumes this year, the Philippine Liner Shipping Association (PLSA) said...

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The Country's wholesale prices of general goods rose to their highest level in seven years in 2021 as lockdown restrictions further eased in the last two months...

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Philippine shares were down on Monday as volume continued to ebb away and traders took a cautious stance ahead of the release of US inflation results late Tuesday...

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The Country's wholesale prices of general goods rose to their highest level in seven years in 2021 as lockdown restrictions further eased in the last two months...

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The full potential of trade deals available to micro, small, and medium enterprise (MSME) exporters remains largely untapped, pointing to a need for the government to talk up the advantages of such preferential arrangements, the Department of Trade and Industry (DTI) said...

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The current supply of sugar in the domestic market may no longer be enough by June, prompting the government to defend its plan to push through with the importation of the commodity...

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Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Russia’s almost two-month aggression against Ukraine has limited impact on the local banking system...

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Investors stayed on the sidelines yesterday ahead of the Holy Week break, sending the benchmark Philippine Stock Exchange Composite index (PSEi) to close at 29.73 points, or 0.42 percent, lower at 6,988.29...

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