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All Globe prepaid load valid for 1 year starting July 5
MANILA, Philippines – Globe Telecom announced that all its prepaid load will be valid for one year effective Thursday, July 5."Effective July 5, 2018, all Globe prepaid load, including those with...
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Ortigas & Company to spend P26B on Capitol Commons
MANILA, Philippines – Property developer Ortigas & Company will spend P26 billion on Capitol Commons, its 10-hectare mixed-use estate in Pasig City.The investment includes funds for the expansion...
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Trade Wars: Trump loads first volley against China
WASHINGTON DC, USA – Steep American tariffs on Chinese goods worth tens of billions of dollars are due to take effect when the clock strikes twelve on Thursday night, July 5, as US President Donald...
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Grab drivers suffer up to 10% drop in income after 'illegal' charge suspension
MANILA, Philippines – Ride-hailing company Grab Philippines said drivers suffered a 5% to 10% drop in income since the P2-per-minute travel charge was suspended.In a press briefing on Thursday, July 5,...
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Who's to blame for soaring inflation? 'All of them' in gov't, says economist
MANILA, Philippines – The June 2018 inflation rate ended up even higher than all government forecasts, targets, and market expectations, after it surged to 5.2%.Who should be held accountable for the...
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Trump unleashes trade war with tariffs on China
WASHINGTON DC, USA (UPDATED) – Punishing US tariffs on Chinese imports took effect on Friday, July 6, the first shot in what Beijing called "the largest trade war in economic history" between the...
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What Duterte's economic team did not say during the pre-SONA 2018 forum
MANILA, Philippines– The government’s Economic Development Cluster and Infrastructure Cluster held a forum on Friday, July 6, to highlight the efforts and accomplishments of the administration in the...
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Nissan admits falsifying emissions data on cars made in Japan
TOKYO, Japan (UPDATED) – Nissan admitted on Monday, July 9, that data on exhaust emissions and fuel economy had been deliberately "altered," dealing a blow to the Japanese car giant's efforts to...
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Starbucks to phase out plastic straws by 2020
WASHINGTON DC, USA – Global coffee giant Starbucks announced Monday, July 9, it is to eliminate all plastic straws from its 28,000 stores by 2020, becoming the latest corporate giant to take steps to...
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Sanofi shuts down factory over toxic waste outcry
PARIS, France – French pharmaceuticals group Sanofi announced late Monday, July 9, an immediate halt in production at a chemical factory in southwest France, in the wake of media reports that toxic...
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Philippines' trade deficit widens by 47.6% in May 2018
MANILA, Philippines – The country's trade deficit further widened by 47.6% in May 2018, reaching a 5-month high of $3.7 billion, said the Philippine Statistics Authority (PSA) on Tuesday, July...
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How China's e-vehicle demand boosts Philippines' nickel industry
MANILA, Philippines – As the movement to ditch fossil fuels and turn to renewable energy slowly gains traction in developed countries, the mining sector in the Philippines is benefiting from the...
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Foreign direct investments dip by 3.2% in April 2018
MANILA, Philippines – Foreign direct investments (FDI) in the Philippines declined by 3.2% in April 2018, the latest data from the Bangko Sentral ng Pilipinas (BSP) showed on Tuesday, July 10.FDI in...
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Trade war: U.S. takes aim at $200B in Chinese goods
WASHINGTON DC, USA – The United States has escalated a trade war with China, threatening to impose fresh tariffs on another $200 billion in Chinese goods as soon as September, sparking a furious...
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#AskTheTaxWhiz: Oplan Kandado for non-compliant taxpayers
Other than charging expensive fines and penalties, is there anything else the Bureau of Internal Revenue (BIR) can do to businesses they find non-compliant? For example, can the BIR close down a...
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COA flags procurement lapses in LRT-1 Cavite extension housing segment
MANILA, Philippines – The Commission on Audit (COA) said there were procurement violations in the P397-million contract to build houses for informal settlers to be displaced by the Light Rail Transit...
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Lopsided contract? COA pressures DOTr to justify P65 billion LRT-1 deal
MANILA, Philippines – The Department of Transportation (DOTr) is in a bind as the Commission on Audit (COA) increased pressure to obtain documents that would clarify years-old issues in the P65 billion...
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PH among worst in ease of doing business, education – report
MANILA, Philippines– The Philippines retained the 73rd spot out of 126 economies in the 2018 Global Innovation Index (GII).The GII ranks countries according to their capacity and success in innovation....
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52.8 million Filipinos don't have bank accounts
MANILA, Philippines – Only about 15.8 million Filipino adults own bank accounts, according to the latest financial inclusion survey conducted by the Bangko Sentral ng Pilipinas (BSP). A much bigger...
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Bangko Sentral ng Pilipinas takes on fake news
MANILA, Philippines– The Bangko Sentral ng Pilipinas (BSP) warned purveyors of fake news, particularly those spreading fake photos of bills, that they will be investigated or arrested in accordance...
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