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News from Philippines
Steeper taxes eyed on luxury cars, items
THE Department of Finance (DOF) is looking to impose steeper taxes on luxury cars and other high-end goods to …
BIR moves to scrap VAT on system losses
THE Bureau of Internal Revenue (BIR) has to remove the value-added tax (VAT) imposed on system loss charges, t…
Empowering youth to build tomorrow’s industries
THE Philippines’ greatest competitive advantage may be its people, particularly its young and increasingly cap…
P70B budget proposed for three rice programs
THE Department of Budget and Management (DBM) has proposed P69.9 billion for three rice programs in 2027 aimed…
The myth of starting small
WE love stories about entrepreneurs who started with almost nothing. A young founder begins with P10,000. She …
Whistleblowing and integrity in the GOCC sector
WHISTLEBLOWING, or reporting a wrongdoing or misconduct, does not just make government officials accountable; …
MREIT, Megaworld ink asset swap deed
MREIT Inc. has sealed a P27.01-billion property-for-share swap with its sponsor Megaworld Corp., Travelers Int…
Top Line, Japanese firm partner for EV charging
TOP Line Business Development Corp. said on Wednesday that it had signed a memorandum of understanding with Ji…
Zuckerberg, Musk appeal for more AI data centers
CHAPEL HILL, N.C. — Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and th…
Taiwan chip industry sees revenue soaring 40%
TAIPEI ─ Revenue from Taiwan's semiconductor chip sector is expected to soar 40 percent this year, a top indus…
TCL sues Samsung over false ads
CHINESE consumer electronics company TCL sued South Korea's Samsung in Los Angeles federal court, accusing its…
Honda urges suppliers to cut down costs
TOKYO ─ Japan's Honda aims to cut more than $9 billion in costs over the next four years and has instructed su…
Nestlé to divest its supplements business
LONDON ─ Nestlé will sell its mainstream vitamin brands to private equity firm Yellow Wood Partners for $1 bil…
Pizza Hut CEO resigns
YUM Brands said in a regulatory filing on Tuesday that Aaron Powell, the chief executive of Pizza Hut, has res…
Thai company open to Asean partnerships
SAMUT PRAKAN, Thailand — A publicly listed company here is open to partnerships with companies in Southeast As…
Vizcaya gets citrus nursery facility
KASIBU, Nueva Vizcaya — The municipality of Kasibu is being positioned as the Citrus Hub of Northern Luzon fol…
Why the Resilience Revolution must succeed
I CANNOT but help write a follow-up column on my very first piece on the need for a “Resilience Revolution” in…
Vietnam ASF vaccine cleared for commercial sale
THE Department of Agriculture (DA) said on Wednesday that the Bureau of Animal Industry (BAI) approved the com…
Hotel association projecting 40,000 new rooms over 5 years
THE hotel industry is expected to expand by 40,000 rooms across 150 hospitality projects over the next five ye…
PHL has potential to again become Nissan’s leading market in ASEAN
NISSAN MOTOR Co., Ltd. said the Philippines could retain its top spot in the ASEAN market in vehicle sales, dr…
Photonics company Coherent seeking to expand Philippine manufacturing operation
THE Philippine Economic Zone Authority (PEZA) said Coherent II-VI Laser Enterprise Phils., Inc. is looking to …
Business name registrations down 13% in August
BUSINESS NAME registrations in August declined 13.3% year on year to 64,331, the Department of Trade and Indus…
Sugar outlook clouded by weather, pest infestation
THE Sugar Regulatory Administration (SRA) said it expects sugar production and exports to drop this year due t…
BIR, BoC on pace to hit targets as of August
THE Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) are on track to meet their revenue target…
NDC says access to Manila Golf by Roque ‘facilitates official functions’
THE National Development Co. (NDC) said its Manila Golf and Country Club (MGCC) membership is a state asset us…
Public trust and the promise of tax audit reform
During a recent visit to a BIR office, a sign caught my eye: “Public office is a public trust. Public officers…
Italy has started exporting a delicacy prized abroad, reviled at home
SCARDOVARI, Italy — Italian fishermen for two years incinerated most of the invasive Atlantic blue crabs caugh…
VAT on system loss may be removed by November – ERC
The Department of Energy says reducing or eliminating the system loss charge itself will take time, requiring …
Political uncertainty dampens business confidence
The country’s political noise is weighing on investor and business confidence, adding to concerns over slowing…
DOE: Only 0.3% collected from P24 billion in penalties vs Leviste’s Solar Philippines
Energy Secretary Sharon Garin says the government is pursuing legal action to recover expired performance bond…
FGEN takes geothermal supply to Surigao
First Gen Corp. (FGEN) expands its renewable footprint in Mindanao as Surigao Doctors’ Hospital becomes the fi…
Topline eyes new revenue from EV charging
Top Line Business Development Corp. plans to add EV charging to its fuel and commercial network by 2027, partn…
AUB, Singlife offer free P100K accident coverage
Filipinos can get P100,000 worth of free accident coverage simply by exploring a health insurance plan through…
Habagat, typhoons deal P3.39-B agri damage
The enhanced southwest monsoon and Tropical Cyclones Luis, Maymay and Neneng have caused P3.39 billion in agri…
BIR plans VAT removal on power system losses
Former BP chief Tony Hayward joins Prime Infra board
Former BP chief executive Tony Hayward joins Prime Infra’s board as the Philippine infrastructure firm acceler…
BAI clears first ASF vaccine for commercial sale
The BAI has approved the commercial sale of the Philippines’ first ASF vaccine for fattening pigs as the gover…
BFAR puts fisheries tech to practical use
BFAR will showcase digital systems, satellite technology and locally applied innovations at SAFET 2026 to stre…
DOE eyes P5.6-B 2027 budget as conventional energy, EV programs get big boost
The largest percentage increase is for the Electric Vehicle Industry Development Program, whose funding rises …
AREIT, INC.
AREIT, INC. - Notice of Special Stockholders’ Meeting — Daily Tribune