News

Economy reaps gains, pains of record growth pace

ABS-CBN News
Updated as of Jul 18 04:56 PM

Here are the key economic issues that loom over Duterte's third annual address to Congress next week.  Read more »

PEZA seeks autonomy from DTI amid TRAIN 2 uncertainty

ABS-CBN News
Posted at Jul 17 12:04 AM

The Philippine Economic Zone Authority (PEZA) blames the uncertainty brought by the planned rationalization of incentives under the second tax reform package for the reduction of fund inflows and job creation at PEZA zones.   Read more »

Ecozone authority seeks power to grant incentives

Warren de Guzman, ABS-CBN News
Updated as of Jul 16 05:05 PM

The Philippine Economic Zone Authority should be given the power to grant incentives, instead of being placed under a new agency under the second package of tax reforms. Read more »

Manila urged to explain TRAIN 2 more to foreign investors

ABS-CBN News
Posted at Jul 16 10:38 AM

Foreign investors will be "more positive" on the Philippines if the correct message on taxes is relayed, said KRA Group head of business advisory Gerald Tan. Read more »

Poverty fight is 'most important' for economic team: Dominguez

ABS-CBN News
Posted at Jul 06 11:18 AM

The President aims to reduce poverty among Filipinos to 14 percent by 2022 from 21 percent. This means lifting 1 million people from poverty every year, according to the head of his economic team. Read more »

House panel seeks charges vs officials linked to Ilocos tobacco fund mess

RG Cruz, ABS-CBN News
Posted at Jul 05 07:04 PM

The inquiry last year primarily delved on the alleged irregular purchase of vehicles by the provincial government from tobacco excise tax. Read more »

Hit by the TRAIN

Mark Demayo, ABS-CBN News
Posted at Jul 05 12:28 PM

Protesters hold a die-in along the Philippine National Railway in Manila on Thursday, symbolizing the effects of the TRAIN Law on citizens.  Read more »

Taxing state workers' allowances, bonuses valid, says SC

Ina Reformina, ABS-CBN News
Posted at Jul 04 04:23 PM

The Supreme Court (SC) ruled on Tuesday that taxing allowances and bonuses received by government workers is valid, junking a 2014 petition filed by a labor group. Read more »

MWSS to exclude corporate income tax in water rate adjustment

ABS-CBN News
Posted at Jul 04 12:22 AM

Water regulators assure the public they will not include the corporate income tax in the soon-to-be-released water rate adjustments of Maynilad and Manila Water.  Read more »

Vita Coco keeps formula despite sugary drinks tax

Warren de Guzman, ABS-CBN News
Posted at Jul 03 12:31 PM

There is a "slight softening" in demand but Century Pacific Food's coconut water brand is "growing, said company president and CEO Christopher Po. Vita Coco is "less than 1 percent" sugar. Read more »

Salary cap set at $101.86 million for 2018-19 season

Reuters
Updated as of Jul 01 10:36 AM

The National Basketball Association has set a $101.86 million salary cap for the 2018-19 season with the luxury tax level set at $123.73 million. Read more »

Du30 Year 2: It's the economy, stupid

ABS-CBN News
Posted at Jun 30 01:14 AM

Gut issues related to the Philippine economy were in the spotlight in the 2nd year of the Duterte administration.    Read more »

Nais ng DOLE: P200 buwanang ayuda sa kumikita ng minimum wage

ABS-CBN News
Posted at Jun 28 10:45 PM

Inirekomenda ng DOLE kay Pangulong Rodrigo Duterte ang P200 kada buwang subsidy para sa mga manggagawang sumasahod ng minimum wage. Read more »

Fuel vouchers sa mga pumapasada ng jeep, nais maipamigay sa Hulyo

ABS-CBN News
Posted at Jun 27 08:55 PM

Hahatiin sa 178,192 PUJ units ang daan-daang milyong pondo para sa fuel voucher. Read more »

P200 cash aid meant to offset tax reform impact, officials say

Dharel Placido, ABS-CBN News
Posted at Jun 27 04:02 PM

Tax reform caused a 0.4-point uptick in consumer prices, below the projected 0.7 point. Read more »

Sweetened drinks makers shifting to raw sugar: regulator

ABS-CBN News
Updated as of Jun 22 10:20 AM

Under the first tranche of tax reforms that took effect last Jan. 1, drinks sweetened with high fructose corn syrup are taxed P12 per liter, while those using caloric and non-caloric sweeteners such as raw sugar are taxed P6 per liter. Read more »

Gov't urged to retain incentives for businesses

ABS-CBN News
Posted at Jun 20 02:05 AM

The weakening peso, accelerating inflation, and rising interest rates are risks businesses have to face now.  Read more »

Cash aid for poor may be increased if needed: finance official

Warren de Guzman, ABS-CBN News
Updated as of Jun 19 09:22 AM

Imposing tariffs on rice is also a "priority" to bring down the price of the staple grain, Finance Undersecretary Karl Kendrick Chua said late Monday. Fuel subsidies will also be given to public utility drivers. Read more »

Pamimigay ng ayuda vs TRAIN umarangkada; ilang nabigyan 'nakulangan'

ABS-CBN News
Posted at Jun 15 09:11 PM

May 700 senior citizens mula San Fernando, Pampanga ang buwenamanong nakatanggap ng sobre mula DSWD na may P2,400 cash, o lumalabas na P200 kada buwan sa isang taon.   Read more »

‘Saan abot ang sahod mo?’

Jonathan Cellona, ABS-CBN News
Posted at Jun 15 06:40 PM

Members of different labor groups hold a protest against the government's Tax Reform for Acceleration and Inclusion (TRAIN) law in Sta. Cruz Manila on Friday. Read more »