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Lawmakers slam agriculture department over rice hoarders
MANILA, Philippines– Several lawmakers told the Department of Agriculture (DA) they were disappointed over the agency's failure to stop rice hoarding and smuggling, which led to high inflation.House...
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CA affirms decision clearing Roberto Ongpin of insider trading
MANILA, Philippines – The Court of Appeals (CA) affirmed a ruling clearing businessman Roberto Ongpin of 174 counts of insider trading involving Philex Mining Corporation shares in 2009.The five-page...
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Arroyo pushes lower tariffs on meat, fish to ease inflation
MANILA, Philippines – With prices of goods climbing to a fresh high in June, Speaker Gloria Macapagal-Arroyo pushed for lower tariffs on some food imports to ease inflation during a meeting with the...
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Japan overtakes China as world's no. 2 stock market
SHANGHAI, China – China's stock market has been overtaken as the world's second-biggest by Japan's, having been swiped this year by the threat of a trade war with the United States and slowing economic...
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Where’s our Coca-Cola? Fast food chains still offer iced tea
MANILA, Philippines– It has been over 2 months and consumers in Metro Manila and other areas in the country have been unable to quench their thirst with the fizz of the classic Coca-Cola.Customers have...
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Philippine economy’s growth likely slowed in Q2 2018 – Moody's
MANILA, Philippines – The research arm of debt watcher Moody’s projected the country’s gross domestic product (GDP) to have grown at a slower pace at 6.6% for the second quarter of 2018. The forecast...
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BSP shuts down Batangas-based Tiaong Rural Bank
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) ordered the closure of Tiaong Rural Bank, Inc., a Batangas based bank and the sixth problematic bank to be shut down this year.The BSP's...
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How far can Venezuela go in raising price of world's cheapest gas?
CARACAS, Venezuela – In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline – an absurdity that the government says it will tackle with a hike in the cost of...
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Private hospitals warn TRAIN 2 will jack up medical bills
MANILA, Philippines – Private hospitals expressed concern over the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law, even warning that some hospitals could close because of...
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Inflation hits another fresh high of 5.7% in July 2018
MANILA, Philippines – Inflation jumped to 5.7% in July, the Philippine Statistics Authority (PSA) said on Tuesday, August 7.The latest figure was higher than the 5.2% registered in June.The poorest...
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New York mayor signs into law new crackdown on Airbnb
NEW YORK, USA – New York's mayor on Monday, August 6 signed into law a landmark bill forcing home-sharing platforms such as Airbnb to disclose information about hosts and imposing hefty fines for...
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Rice imports fail to tame inflation in July 2018
MANILA, Philippines – The government imported some 250,000 metric tons of rice from Thailand and Vietnam last June, yet this move failed to bring down prices of rice in the local market and even...
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Government should worry about sky-high inflation – economists
MANILA, Philippines – Inflation in July surged to 5.7%, the highest in over 5 years. The figure brought up this year's average to 4.5%, already beyond the government's target range of 2% to 4%. The...
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2nd TRAIN package now called Trabaho; revenue loss expected
MANILA, Philippines – The substitute bill of the second package of Tax Reform for Acceleration and Inclusion (TRAIN) was passed by the House ways and means committee on Tuesday, August 7, under a...
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#AskTheTaxWhiz: Planning to franchise a food cart business?
Like what you said, I started receiving higher take-home pay under the new Tax Reform for Acceleration and Inclusion (TRAIN) law. Instead of spending and buying a car, I went to the Franchise Asia Expo...
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Rappler Talk: Mon Abrea on TRAIN law
Bookmark this page to watch and join the discussion live on Wednesday, August 8, at 3 pmMANILA, Philippines – Prices of goods continue to rise and some people have blamed the government's Tax Reform...
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Canceled Japan flights due to Typhoon Shanshan
MANILA, Philippines – Several Philippine Airlines (PAL) flights to and from Tokyo were canceled due to Typhoon Shanshan, which is expected to bring heavy rain and strong winds to Japan.Below are the...
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HK firm's $1.5-B Nayong Pilipino resort to push through
MANILA, Philippines – Hong Kong firm Landing International Development Limited will push through with its resort project with the Nayong Pilipino Foundation (NPF), despite drawing the ire of President...
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Arroyo 'not advocating' lower tariffs on meat
MANILA, Philippines – Speaker Gloria Macapagal-Arroyo clarified on Wednesday, August 8, that she is not pushing for the proposal to reduce tariff or taxes on meat imports to ease inflation.Arroyo made...
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Right-of-way issues may delay MRT7 completion
MANILA, Philippines – The completion of the long-delayed Metro Rail Transit Line 7 (MRT7) project could further be hampered due to right-of-way (ROW) acquisition issues.The Department of Transportation...
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