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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 »

Call centers to provide more jobs in 2014, says congressman

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INQUIRER FILE PHOTO

Call centers or business process outsourcing companies will remain a major source of employment in 2014, and could provide up to 124,000 new full-time jobs this year, according to Pasig Representative Roman Romulo.

Posted: January 1st, 2014 in Latest Business Stories | Read More »

Belmonte: Meeting needed on spurring the economy

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Speaker Feliciano Belmonte. INQUIRER FILE PHOTO

House Speaker Feliciano Belmonte said he would ask President Aquino to convene the Legislative-Executive Development Advisory Council (Ledac) in order to determine what bills are needed to be tackled by Congress to help spur economic growth.

Posted: November 8th, 2013 in Latest Business Stories | Read More »

PPP delays our fault–Abaya

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Transportation Secretary Joseph Abaya. FILE PHOTO

Despite delays, the administration is bent on pursuing public-private partnership (PPP) projects and is doing its best to accommodate the demands of the private sector, according to Transportation and Communications Secretary Joseph Abaya.

Posted: September 3rd, 2013 in Latest Business Stories | Read More »

BIR asked to extend deadline on new receipts

By
Bureau of Internal Revenue Commissioner Kim Henares

Calls mounted on Monday for the Bureau of Internal Revenue to extend the deadline for businesses to comply with its new regulation requiring them to use new receipts, on the ground that they were not given enough time to prepare.

Posted: June 10th, 2013 in Latest Business Stories | Read More »

Prudentialife pPlan holders want liquidation deferred

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prudential

Insurance Commissioner Emmanuel Dooc has deferred the liquidation of the troubled preneed firm Prudentialife Plans Inc. on the request of some plan holders themselves.

Posted: May 22nd, 2013 in Latest Business Stories | Read More »

‘No reason to fire Ruffy Biazon’

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Customs Commissioner Ruffy Biazon: Blames corruption. INQUIRER.net FILE PHOTO

Malacañang is standing by Customs Commissioner Rozzano “Ruffy” Biazon despite the massive smuggling of petroleum products into the country that industry leaders claim is costing the government at least P30 billion in forgone revenue annually.

Posted: April 4th, 2013 in Headlines | Read More »

LPG dealers cut prices by P2/kg

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INQUIRER file photo

Households can expect some relief with a P2 per kilo rollback in liquefied petroleum gas (LPG) prices effective Tuesday.

Posted: December 31st, 2012 in Latest Business Stories | Read More »

Smuggling no reason to stop raising ‘sin’ taxes, says lawmaker

By
Minority leader Danilo Suarez. INQUIRER.net FILE PHOTO

Concerns about the entry of smugglers should not deter efforts to raise excise taxes on the so-called sin products, such as cigarettes and alcoholic beverages, according to lawmakers.

Posted: October 17th, 2012 in Latest Business Stories | Read More »

Home Guaranty Corp. has P12-B deficit, says COA; agency asked to avoid bond floats

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coa

The Home Guaranty Corporation, tasked with providing shelter for the homeless and the poor, has a P12-billion deficit and may not be able to accomplish all of its duties, according to the Commission on Audit.

Posted: July 12th, 2012 in Latest Business Stories | Read More »

DENR chief confident Congress will pass bill on mining revenue sharing

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Philippine Environment Secretary Ramon Paje .  AFP FILE PHOTO

Environment Secretary Ramon Paje said on Monday that Congress would surely respond positively to a bill being proposed by the Aquino government for a just revenue sharing scheme in mining agreements because government has sufficiently conveyed the need for it.

Posted: July 9th, 2012 in Latest Business Stories | Read More »

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