July 26, 2017, 10:37 am
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Business News

P130B needed for farm roads

by Jed Macapagal on July 26, 2017
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The country may need P130 billion in order to address the 13,000 kilometers of backlog in farm-to-market roads (FMR).

Rice auction a success, P350M

by Jed Macapagal on July 26, 2017
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The National Food Authority (NFA) has successfully conducted the bidding for 250,000 metric tons (MT) of rice for a  total price of $104.9 million (P5.2 billion), a savings of around P350 million for the government which  allotted  P5.6 billion for the procurement.

Big tax cheats beware

July 26, 2017
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Finance Secretary Carlos Dominguez III said President Duterte’s acceptance of Mighty Corp.’s offer to settle its civil tax liabilities provides the Bureaus of Customs (BOC) and of Internal Revenue (BIR) will be a strong push for the government in running after other so-called “big fish”  that continue to cheat the government of billions of pesos in taxes. 

Maynilad wins P3.4B claims cas

July 26, 2017
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West zone concessionaire Maynilad Water Services, Inc. said the three-man Arbitral Tribunal in Singapore unanimously upheld the validity of its claim against the undertaking letter issued by the government in relation to the delayed implementation of the company’s relevant tariffs for the rebasing period 2013 to 2017.

Despite Duterte push, tax bil

July 26, 2017
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Finance Secretary Carlos Dominguez III is hoping Senate will swiftly pass the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) at the onset of its second regular session after President Duterte himself renewed his call for the Congress to urgently approve this measure in his second State-of-the-Nation Address (SONA) last Monday.

Tie-up primed for VisMin grid

by Jed Macapagal on July 26, 2017
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Alsons Consolidated Resources, Inc. (ACR) signed an agreement with Global Business Power Corp. (GBP) which gives the latter a 50-percent stake in Alsons Thermal Energy Corp. (ATEC), the former’s holding company for coal-fired power plant assets.

Carrier to fly to Hawaii next

July 26, 2017
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Cebu Pacific plans to expand operations to another US territory, Hawaii, by next year. 

Food firm sets P400M capex thi

July 26, 2017
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RFM Corp. looks to spend P300 million to P400 million this year to further improve its operation and maintain its growth. 
 

Singaporean carrier eyes PH ex

by JIMMY CALAPATI on July 26, 2017
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SINGAPORE—Scoot, Singapore’s leading medium to long-haul budget airline, yesterday said  it plans to expand to the Philippines as it announced its merger with Tigerair Singapore here yesterday.

P500M hotel gets perks

July 26, 2017
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The Board of Investments (BOI) recently approved a P500-million hotel project of Robinson Land Corp.’s (RLC) Summit Hotel and Resorts Group in Tacloban City, Leyte. 

Pages

Front Page

Column of the Day

Wyoming, we want our bells back!

By DAHLI ASPILLERA | July 26,2017
‘I uphold and stand for the entirety of President Duterte’s SONA... Also for his demand for the return of the Balangiga Bells whose fate I wrote about 22 years ago.’

Opinion of the Day

‘Assassination’

By DODY LACUNA | July 26, 2017
‘The possible assassination of the very popular Duterte by the CPP/NPA would likely lead to an intense civil unrest, with the military suddenly cracking down on leftist groups, the opposition and the media.’