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Tax exemption cap to be raised, but not this year

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Senator Ralph Recto. INQUIRER file photo

The Senate is expected to approve on final reading by next month the bill raising the tax exemption cap for bonuses, even as finance officials are appealing that approval of the measure be delayed so it would take effect beginning in 2015.

Posted: November 21st, 2014 in Latest Business Stories | Read More »

Angara calls for lowering of income tax rates

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Senator Juan Edgardo Angara. FILE PHOTO

Approving measures to lower income tax rates will help restore people’s trust in their elected representatives in both houses of Congress, Sen. Juan Edgardo Angara said Monday.

Posted: August 4th, 2014 in Latest Business Stories | Read More »

PH to open doors to more foreign banks

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Maybank, Malaysia’s biggest bank, is one of several foreign banks operating in the Philippines. President Aquino has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in preparation for next year’s Asean regional economic integration.  PHOTO FROM maybank2u.com.ph

The House of Representatives has ratified a bill that will pave the way for greater foreign participation in the banking industry in the Philippines, and which proponents say may boost trade and create more jobs.

Posted: June 12th, 2014 in Editor's Pick,Headlines | Read More »

Meralco ready to refund excess charges

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Protesters wear masks as they hold a rally at the Philippine Supreme Court to coincide with the oral arguments on the power rates hike petition of Meralco, the country's largest electric power distributor, Tuesday, Jan. 21, 2014 in Manila.  AP FILE PHOTO

MANILA Electric Co. (Meralco) yesterday said it would refund any excess amount should an order from the Energy Regulatory Commission (ERC) to recalculate electricity spot market prices cut the generation cost and other pass-on charges that it had collected from its 5.3 million customers.

Posted: March 13th, 2014 in Headlines | Read More »

House tackles antitrust measures

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House of Representatives. AP FILE PHOTO

Pending bills seeking to curb monopolies and unfair competition in business got a boost from various government agencies and business groups, which said that such measures were long overdue and needed in the light of the impending economic integration of countries in Southeast Asia by 2015.

Posted: March 11th, 2014 in Latest Business Stories | Read More »

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