A tighter rein on BIR mission orders

The polls have concluded, reflecting what is thought to be the majority’s desire to return to a disputed version of the past. Whatever their politics, taxpayers are still hoping that our courts and democratic institutions continue to fulfill their roles…

Need for speed drives banks to forefront of PHL digital transformation

REUTERS DIGITAL TRANSFORMATION is predicated on the need for speed as businesses shed legacy systems that slow down their operations, with banks making the most progress in evolving to fully digital processes, participants at the BusinessWorld Virtual Economic Forum were…

Senators back Marcos plan for business relief package

SENATORS have expressed support for a plan by President-elect Ferdinand R. Marcos, Jr., to legislate a relief package for businesses affected by the coronavirus disease 2019 (COVID-19) pandemic. “This measure is badly needed to jump-start our economic recovery,” Senate Majority…

Incentives approved for Converge, 3 other telecom companies

CONVERGE ICT SOLUTIONS INC./YOUTUBE THE Fiscal Incentives Review Board (FIRB) has approved the application for tax incentives of Converge ICT Solutions, Inc. and three other telecommunication companies, following the recommendation of the Board of Investments. The tax incentives granted to…

BPO industry association says BIR inspections spooking members

THE inspections being conducted by the Bureau of Internal Revenue (BIR) to verify compliance with government orders to resume on-site work in economic zones has sown confusion within the information technology and business process management (IT-BPM) firms, the industry’s association…

Wind power seen as potential pathway for meeting net-zero goals

REUTERS THE PHILIPPINES has the potential to harness ample wind energy resources en route to meeting its net-zero goals, according Torbjørn Kirkeby-Garstad, general manager for Southeast Asia of Scatec, a renewable power producer. “The Philippines is blessed with lots of…

NEDA’s Chua says pending reforms to help next government

REFORM measures that remain pending in Congress during its remaining two weeks of session deserve a second look by the incoming administration, after the pandemic delayed their passage, Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “We did not finish…

DoTr gearing up for arbitration after rejection of LRT-1 fare hike

PHILIPPINE STAR/ EDD GUMBAN THE Department of Transportation (DoTr) is gearing up for arbitration after Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT-1), was not granted a fare hike, an undersecretary said on…

Peso weakens as gov’t lowers growth goal

BW FILE PHOTO THE PESO inched lower against the dollar for the third straight session on Wednesday after the country’s economic managers narrowed its growth target for the year. The local unit closed at P52.355 per dollar, weakening by 3.5…

Philippine stocks track rebound in Asian markets

PHILIPPINE SHARES corrected on Wednesday, tracking Asian markets, even as concerns over rate hikes and the global economy’s prospect continued to affect sentiment. The benchmark Philippine Stock Exchange index (PSEi) went up by 20.31 points or 0.30% to close at…

Disclaimer: TheSmartMoneyReport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.