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  • Philippine peso dips to fresh 13-year low, bloodbath at PSE

    September 25, 2018 2:26 PM 14

    The Philippine peso closes at P54.31 against the US dollar on Tuesday, September 25 MANILA, Philippines – The Philippine peso continued to weaken, closing at P54.31 against the United States dollar on Tuesday, September 25. The local currency was weaker from the P54.23 closing level on Monday, September 24. Tuesday's level was also the weakest since

  • Supreme Court rules BIR can't collect P3-B tax from Petron, Shell

    September 19, 2018 6:17 AM 18

    Dubbed as the tax refund scam of the 1990s, Petron and Shell win big in the Supreme Court A TCC is a company's claim for tax credits, granted either to companies that manufacture exports or companies with tax refunds. The TCC can be used in lieu of paying taxes. uncovered a fraud in the 1990s, involing companies that illegally transferred TCCs to another

  • Philippine peso to hit P58 vs $1, inflation to jump – Capital Economics

    September 17, 2018 3:42 AM 13

    MANILA, Philippines – London-based research firm Capital Economics sees the Philippine peso sinking further to P55 against the greenback this year and fall to P58 in 2019. In a report released last Friday, September 14, Capital Economics said that they expected the peso to slide due to a wider trade deficit aggravated by the government’s infrastructure

  • Airports' status in aftermath of Typhoon Ompong

    September 16, 2018 7:26 AM 17

    Here is a look at the condition of airports in typhoon-hit areas MANILA, Philippines – Some airports in the path of Typhoon Ompong (Mangkhut) sustained damage, including the Tuguegarao Airport in Cagayan, the province where the typhoon made landfall. The Civil Aviation Authority of the Philippines (CAAP) provided a status update to media around 3:40 pm on Sunday

  • Power lines affected by Typhoon Ompong

    September 14, 2018 8:21 PM 14

    The National Grid Corporation of the Philippines says restoration of lines in affected areas will be 'in full swing' as soon as the weather improves MANILA, Philippines – Apart from strong winds and heavy rains, towns ravaged by Typhoon Ompong (international name: (Mangkhut) experienced power outages. “Inspection and restoration of lines in the affected

  • Canceled flights due to Typhoon Ompong

    September 13, 2018 5:49 AM 12

    Bookmark and refresh this page for a list of flights canceled due to Typhoon Ompong (Mangkhut) MANILA, Philippines – Several domestic flights scheduled on Friday, September 14, and Saturday, September 15, were canceled as Typhoon Ompong (Mangkhut) threatens Northern Luzon. The flag carrier also advised its passengers to check the status of their flights

  • NAIA opens 2 newly-built rapid exit taxiways

    September 10, 2018 1:59 PM 19

    With this new addition, NAIA now has 4 high speed exits for commercial airlines to use MANILA, Philippines – The Manila International Airport Authority (MIAA) opened two new rapid exit taxiways (RETs) at the main runway of the Ninoy Aquino International Airport (NAIA) on Monday, September 10. With this new addition, NAIA now has 4 high speed exits commercial

  • Jack Ma to unveil succession plans, not imminent retirement – report

    September 9, 2018 1:22 PM 16

    The South China Morning Post, owned by Jack Ma's Alibaba, quotes a company spokesman as saying that 'Ma remains the company's executive chairman' and will only 'provide transition plans' BEIJING, China – Alibaba co-founder and chairman Jack Ma will unveil a succession plan on Monday, September 10, the South China Morning Post reported Sunday, September

  • Cebu Pacific now flies daily from Clark to Macau

    September 5, 2018 8:47 AM 14

    MANILA, Philippines – Budget airline Cebu Pacific Air will now fly daily from Clark International Airport in Pampanga to Macau in China. The Gokongwei-led carrier announced on Wednesday, September 5, that flights from Clark to Macau will be at 9:25 pm daily, with a return flight leaving the Macau International Airport at 12:15 am the following day. Cebu Pacific

  • #AskTheTaxWhiz: VAT or non-VAT taxpayer?

    September 5, 2018 3:00 AM 10

    The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals Yes. Regardless of gross revenues earned or projected, the self-employed or professionals may register as a VAT taxpayer. The advantage is that the VAT can be passed on to consumers, while percentage tax is assumed as part of gross