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Emirates' Cebu-Dubai route to boost passenger traffic at Mactan Airport

MANILA, Philippines – Emirates Airline’s new Cebu-Clark-Dubai daily service, as well as the new Cebu-Los Angeles flights of  Philippine Airlines, Incorporated (PAL),  are expected to boost passenger...

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#AskTheTaxWhiz: Are campaign expenses taxed?

Are the campaign funders of political parties paying the right taxes? Do they belong to the list of top taxpayers for 2014? How come they are able to donate millions of pesos?Honestly, I hope they are....

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PH debt hits P5.95 trillion in November

MANILA, Philippines – The national government’s outstanding debt as of end-November 2015 jumped by 4.1% from the previous year due to the increase in both foreign and domestic loans, the Bureau of the...

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Malaysia Airlines does U-turn on suitcase ban

KUALA LUMPUR, Malaysia – Less than 24 hours after telling Europe-bound passengers they were not allowed to take check-in baggage because of "unseasonably strong headwinds," Malaysian Airlines did a...

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Green cars in Norway win world's biggest market share

OSLO, Norway – Zero emission cars accounted for 17.1% of new car registrations last year in Norway, the industry said on Wednesday, January 6 the highest market share for clean vehicles anywhere in the...

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5 startups to affect your lives in 2016

MANILA, Philippines – The digital economy is rapidly changing Filipinos' lives. It has revolutionized everything from the the way people consume media to the way people communicate.It has even affected...

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Sell-off in Asia as China stock markets closed

HONG KONG (2nd UPDATE) – Chinese markets were suspended Thursday, January 7, for the second day this week after they fell more than 7%, leading an Asia-wide sell-off as China weakened the value of the...

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Meralco rates to go down in January

MANILA, Philippines – Following a spike in December, electricity rates for January are set to go down by P0.21 per kilowatt hour (kWh), the Manila Electric Company (Meralco) announced Thursday, January...

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DTI ends 2015 with 3% surge in domestic, foreign investments

MANILA, Philippines — The Philippines closed 2015 with a 3% increase in approved domestic and foreign investments compared to 2014, thanks to big energy-related projects.This is expected to translate...

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World Bank maintains PH 2016 growth forecast at 6.4%

MANILA, Philippines – The World Bank has maintained its growth forecast of 6.4% for the Philippines this year, the Washington-based agency reported Thursday, January 7 (Philippine Standard Time).The...

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PH gov't records P6B surplus in November

MANILA, Philippines – Even as expenditures outpaced the year-on-year growth of revenues in November last year, the national government still incurred a budget surplus during the period, the Bureau of...

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PH foreign exchange reserves up in December

MANILA, Philippines – Following a slump in November, the country's foreign exchange reserves bounced back in December, the Bangko Sentral ng Pilipinas (BSP) reported Thursday, January 7.BSP Governor...

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DTI: Third-party probe on Montero mess to start February

MANILA, Philippines — A third-party laboratory will begin its investigation into the Mitsubishi Montero Sport's sudden unintended acceleration (SUA) issue in February, the Department of Trade and...

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China's woes rattle global markets

NEW YORK, USA – Stock markets across the globe slumped and oil plumbed new depths Thursday, January 7, as signs of a dramatic slowdown in powerhouse China put fright into investors about the outlook...

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Aquino inaugurates AboitizPower’s P35-B Davao baseload power plant

DAVAO CITY, Philippines – President Benigno Aquino III inaugurated on Friday, January 8, the 300-megawatt (MW) baseload power plant in the city, envisioned to deliver reliable power supply to Mindanao...

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Abaya: Poe got a 'bum steer,' Busan group takes over MRT3 maintenance

MANILA, Philippines – While presidential aspirant Senator Grace Poe was calling for a Senate hearing to address an "emergency situation" involving the Metro Rail Transit Line 3 (MRT3), a...

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Aquino calls for meeting to address Mindanao power woes

MANILA, Philippines – President Benigno Aquino III will convene a meeting with energy officials next week to address the worsening power situation in Mindanao due to right of way (ROW) violations and...

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PH will have enough oil supply despite Saudi conflict – gov't

MANILA, Philippines – The Philippine government gave assurances to its citizens that the country’s oil supply will be stable despite the conflicts in Saudi Arabia, from where it sources the bulk of its...

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IN PHOTOS: The Black Nazarene, faith, miracles, money

MANILA, Philippines – The image of the Black Nazarene is believed to have performed miraculous acts of healing. But the 410-year-old image is not only known to be the spring of renewed life, but also...

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Tech trends that can make waves in 2016

MANILA, Philippines — This time last year, few outside the tech adept and well-traveled circles in the Philippines had ever heard of GrabCar or Uber.By year’s end however, both firms had sparked...

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