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PepsiCo taps healthier drinks market with SodaStream deal
NEW YORK, USA – Going after consumers concerned about health and the environment, PepsiCo on Monday, August 20, announced the purchase of Israeli company SodaStream to tap its command of the homemade...
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NAIA resumes normal operations
MANILA, Philippines – The Ninoy Aquino International Airport (NAIA) resumed normal operations on Tuesday, August 21, 5 days after the Xiamen Air plane accident that paralyzed the Philippines' main...
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Galunggong imported from China may come from West Philippine Sea
MANILA, Philippines – The Department of Agriculture (DA) recently approved the importation of galunggong or round scad for local wet markets, citing "national food security," but the fish needed may...
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Job losses 'very minimal' under Trabaho bill – DOF
MANILA, Philippines – The Department of Finance (DOF) allayed fears there would be job losses under the Tax Reform for Attracting Better and Higher Quality Opportunities (Trabaho) bill.Finance...
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Venezuela devalues bolivar by 96% under new rate
CARACAS, Venezuela – Venezuela's government devalued the bolivar by 96% on Tuesday, August 21, under a new exchange rate announced by the central bank as it desperately tried to steer a way out of its...
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EXPLAINER: What is hyperinflation?
PARIS, France – Venezuela today, Zimbabwe a decade ago, before that the rump Yugoslavia, Hungary, and Germany. An explanation of hyperinflation where prices soar, banknotes get more zeros, and poverty...
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U.S., China swap tariffs on billions in goods as sides hold talks
BEIJING, China – The United States slapped steep tariffs on another $16 billion in Chinese goods on Thursday, August 23, triggering a swift tit-for-tat retaliation from Beijing, even as negotiators...
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Canceled August flights due to typhoons Cimaron, Soulik
Please refresh this page for updates.MANILA, Philippines – Several flights from the Philippines to Japan and to South Korea were canceled on Thursday, August 23, and Friday, August 24, because of...
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One-stop shop for Boracay businesses gets 2-week extension
MANILA, Philippines – The Boracay inter-agency task force decided to extend the operation of its one-stop shop by two weeks to give businesses more time to comply with the requirements needed to...
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CA keeps central bank from selling off Banco Filipino's assets
MANILA, Philippines – The Court of Appeals (CA) on Wednesday, August 22, stopped the Bangko Sentral ng Pilipinas (BSP) from bidding out, disposing of, or otherwise selling off the assets of Banco...
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LIST: Companies vying for Philippines' 3rd telco spot
MANILA, Philippines– The Department of Information and Communications Technology (DICT) said there are at least 7 foreign companies interested in becoming the country’s 3rd telecommunications network...
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DENR to Boracay businesses: Stop dealing with fixers, impostors
AKLAN, Philippines – The Department of Environment and Natural Resources (DENR) has advised establishments in Boracay Island to stop dealing with fixers and impostors posing as the agency's...
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BFAR: No formalin-tainted galunggong in Metro Manila markets
MANILA, Philippines – The Bureau of Fisheries and Aquatic Resources (BFAR) has allayed speculations that formalin-tainted round scad or galunggong is being sold in local markets.BFAR said in a...
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#AskTheTaxWhiz: Common violations in the food service industry
I have recently been reading articles about violations of restaurants in terms of taxes. What exactly are their most common violations?Under the Run After Tax Evaders (RATE) program of the Bureau of...
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New Bohol 'eco-airport' to be completed in October 2018, says DOTr
MANILA, Philippines – The Department of Transportation (DOTr) said the New Bohol (Panglao) Airport in the island of Panglao is on track for its inauguration in October this year. The New Bohol Airport...
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Suppliers to pay for fumigation of bukbok-infested rice
MANILA, Philippines – The National Food Authority (NFA) said the government will not pay for the fumigation of weevil- or bukbok-infested rice.NFA Spokesperson Rex Estoperez said on Monday, August 27,...
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Piñol wants special rice imports for Zambasulta area
MANILA, Philippines – Agriculture Secretary Emmanuel Piñol proposed additional rice imports for the Zamboanga-Basilan-Sulu-Tawi-Tawi (Zambasulta) area due to sky-high prices.Zamboanga City and Basilan...
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U.S., Mexico finalize trade pact; Canada to rejoin talks August 28
WASHINGTON DC, USA – After months of intense negotiations, the United States and Mexico agreed Monday, August 27, on a thoroughly overhauled free trade pact, while talks with Canada are to begin...
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High rice prices a win for farmers – Piñol
MANILA, Philippines – Agriculture Secretary Emmanuel Piñol appealed to consumers to look at the soaring prices of rice in another light, saying it is uplifting the lives of local farmers."Farmers never...
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'Serve me bukbok rice, I will eat it,' says Piñol
MANILA, Philippines – Agriculture Secretary Emmanuel Piñol dismissed fears that bukbok- or weevil-infested rice is not safe for consumption.In an interview with ANC on Tuesday, August 28, the...
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