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Palace: Too soon to rule out power rate fixing

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Sen. Sergio Osmeña III (Inquirer file photo), Energy Secretary Jericho Petilla (AP file photo), Communications Secretary Herminio Coloma (Inquirer file photo)

Malacañang is apparently not buying Sen. Sergio Osmeña III’s pronouncement that there was no collusion among the energy market players to manipulate power rates when the Malampaya natural gas plant shut down for maintenance work for one month last year.

Posted: January 26th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Disaster risk insurance forum held

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AP FILE PHOTO

Senators on Tuesday called on the government to strengthen the implementation of disaster risk insurance systems, particularly coverage for the livelihood of poor Filipinos who live in known hazard areas.

Posted: January 22nd, 2014 in Latest Business Stories | Read More »

‘Floating’ VAT for basic goods

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shopping

Saying the government shouldn’t profit from the people’s misery, Sen. Alan Peter Cayetano has called for “floating rates” in the collection of the value added tax (VAT) to control skyrocketing prices whenever the costs of basic commodities go up.

Posted: December 24th, 2013 in Latest Business Stories | Read More »

Pay Piatco now, Aquino urged

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Sen. Antonio Trillanes IV INQUIRER FILE PHOTO

An ally of President Benigno Aquino III has called on the administration to immediately comply with the Court of Appeals ruling ordering the government to pay the builder of Ninoy Aquino Intenational Airport Terminal 3 (Naia 3) P16.2 billion ($371,426,668) as “just compensation” for the expropriation of the airport terminal.

Posted: August 10th, 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 »

‘Rising tiger’ begins to growl

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MANUEL ROXAS II: Implementation of projects on track. INQUIRER FILE PHOTO

Interior Secretary Mar Roxas and Sen. Loren Legarda on Saturday attributed the decision of Fitch Ratings to award the country with its first-ever investment grade rating of BBB- from BB+ on the reform-oriented and transparent governance of President Benigno Aquino III.

Posted: March 31st, 2013 in Latest Business Stories,Photos & Videos | Read More »

Importers seek release of ‘hot’ cars in Port Irene

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Used-car importers in Cagayan Valley have asked Customs Commissioner Ruffy Biazon to allow the release of more than 200 second-hand cars and vans that arrived in Port Irene, Cagayan, on Monday, allegedly in defiance of a Supreme Court ruling upholding a 2001 executive order banning the importation of used vehicles into the country.

Posted: February 17th, 2013 in Headlines | Read More »

Osmeña: Inclusion in AMLA won’t hurt real-estate industry

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Senator Sergio Osmeña III. INQUIRER FILE PHOTO

Sen. Sergio Osmeña has defended the inclusion of real estate transactions on the list of activities that need to be reported to the Anti-Money Laundering Council if they involve an outright cash payment of $10,000 or P420,000.

Posted: October 28th, 2012 in Latest Business Stories | Read More »

Telcos with network problems to be stopped from taking in new subscribers—NTC

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AFP FILE PHOTO

The National Telecommunications Commission might stop telecommunications companies from taking in new subscribers if their services fail to become satisfactory after the agency’s third quarter performance review due by the end of September.

Posted: September 26th, 2012 in Latest Business Stories | Read More »

Tax meat too, sin tax panel told

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A vendor sells cigarettes at a supermarket in Quezon City. AFP FILE PHOTO

The government should also tax meat and other high-fat food if it wants to shield the public, especially the poor, from unhealthy things, a union leader for a tobacco company told the Senate committee on ways and means during a hearing on increasing “sin” taxes last week.

Posted: September 2nd, 2012 in Latest Business Stories | Read More »

Senate orders arrest of rice importer

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Senator Francis Pangilinan: Puzzled

The Senate committee on agriculture has ordered the arrest of a rice importer after he failed to show up on Wednesday for the panel’s inquiry into the alleged smuggling of P450 million worth of rice from India through the Subic Bay Freeport Zone.

Posted: August 29th, 2012 in Latest Business Stories | Read More »

Who’s telling truth on Indian rice cargo?

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Customs Commissioner Ruffy Biazon  INQUIRER FILE PHOTO

The Senate committee on agriculture has ordered the top Indian executive of the company that shipped P450-million worth of rice to the country to show cause why he shouldn’t be cited for contempt after he told the inquiry that the bags of rice were unloaded in Subic only for transshipment, not for domestic sale in the Philippines.

Posted: August 26th, 2012 in Latest Business Stories,Photos & Videos | Read More »

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