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  • NEDA: Japan still Philippines' top ODA provider

    December 29, 2018 4:46 AM 14

    Japan's loans and grants to the Philippines in the first 3 quarters of 2018 reached $5.98 billion or more than 40% of the total Official Development Assistance received by the Philippines during the period MANILA, Philippines – Japan remained as the Philippines’ biggest source of official development assistance (ODA) as of the third quarter of 2018, the National

  • Tax Academy to offer public finance, online courses in 2019

    December 26, 2018 8:18 AM 22

    Finance Undersecretary Gil Beltran says this setup will make courses of the Philippine Tax Academy available to all personnel of revenue agencies MANILA, Philippines – The Philippine Tax Academy (PTA) will offer an off-campus course on public finance and other online courses in 2019, the Department of Finance (DOF) said on Wednesday, December 26. PTA will offer

  • South Korea fines BMW $10 million over engine fires

    December 24, 2018 6:09 AM 25

    SEOUL, South Korea – South Korea said Monday, December 24, it will fine German automaker BMW 11.2 billion won ($10 million) for allegedly dragging its feet in recalling cars with faulty engines linked to dozens of engine fires. BMW vehicles bursting into flames made headlines in South Korea earlier this year, with local media reporting more than 40 cases

  • Subic port collects P22B, breaching target before 2018 ends

    December 23, 2018 9:46 AM 23

    District collector and lawyer Rhea Gregorio credits this to the 'strict implementation of customs laws and rules and regulations' MANILA, Philippines – Breaching its target and achieving an all-time high, the Port of Subic said it has already collected P22 billion ($415.68 million) a week before the end of 2018. District collector and lawyer Rhea Gregorio

  • SMC South highways will be toll-free on Christmas Eve, New Year’s Eve

    December 19, 2018 12:10 PM 25

    Fees won’t be collected at the toll gates of the following highways: NAIAx, Skyway, SLEX, and Star Tollway San Miguel Corporation’s tollways serving southern Metro Manila and Luzon will be waiving its fees on Christmas Eve and New Year’s Eve, their operators announced on Wednesday, December 19. The operators of these tollways – the Skyway O&M Corporation

  • #AskTheTaxWhiz: Deducting expenses from taxable income

    December 19, 2018 3:00 AM 29

    The Philippine Tax Whiz discusses how to deduct expenses from taxable income If you have enough expenses, then yes. However, keep in mind that not all expenses are deductible. First, the expense has to be directly related to the conduct of business. It also has to be incurred within the taxable year. Deductible expenses include reasonable allowances

  • LOOK: Cavitex southbound flyover now open to motorists

    December 18, 2018 8:10 AM 27

    The Department of Public Works and Highways says the new flyover would ease traffic as motorists can skip the stoplight at the corner of Pacific Avenue in Parañaque City CAVITE, Philippines – The Department of Public Works and Highways (DPWH) officially opened the southbound flyover along the Manila-Cavite Expressway (Cavitex) on Tuesday, December 18. The elevated

  • SM regularizes 11,660 workers in 2018 – DOLE

    December 17, 2018 9:31 AM 26

    Meanwhile, Jollibee has regularized some 1,000 workers this year and has committed more for next year, says the Department of Labor and Employment MANILA, Philippines – Labor Secretary Silvestre Bello III on Monday, December 17, announced that the Henry Sy-owned SM Supermalls has regularized 11,660 workers this year. In a press briefing, Bello explained

  • Renault board maintains Ghosn as CEO, says pay was legal

    December 13, 2018 3:42 PM 34

    Renault keeps Carlos Ghosn on as CEO after his arrest in Tokyo, but launch an enquiry into his pay package and names a deputy CEO to ensure day-to-day management PARIS, France – The board of the French automaker Renault said Thursday, December 13, that it was keeping Carlos Ghosn as its chief executive, after an internal review of his pay package found

  • House panel approves Dennis Uy’s controlling stake in Mislatel

    December 11, 2018 4:39 AM 31

    The proposal is approved despite heated debates among lawmakers MANILA, Philippines – Despite legal obstacles, the House committee on legislative franchises approved the transfer and sale of the controlling interest of Mindanao Islamic Telephone (Mislatel) to Dennis Uy's Udenna Corporation, Chelsea Logistics, and China Telecom. The panel approved the proposal