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‘Sin’ tax take exceeds target

INQUIRER/AFP FILE PHOTOS

Collections of so-called ‘sin’ taxes from alcohol and cigarette products exceeded the Bureau of Internal Revenue’s September target by 45.5 percent.

Posted: October 23rd, 2014 in Editor's Pick,Headlines | Read More »

Higher investment floor for new gaming investors eyed

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The City of Dreams at its earlier stage of construction. State-run Philippine Amusement and Gaming Corp. plans to come out before yearend with a rule putting in place a higher investment requirement for new investors at its sprawling Entertainment City gaming complex along Manila Bay.

Pagcor chair and chief executive Cristino L. Naguiat Jr. told reporters on Wednesday that present terms of reference are being amended so that the minimum capital investment of new entrants would exceed the only $1-billion requirement under existing rules.

Posted: October 23rd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

BSP rules on big banks get tighter

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BSP Governor Amando M. Tetangco Jr.: Major initiative. INQUIRER FILE PHOTO

The central bank has announced a third major regulation change in two days, this time ordering banks deemed “too big to fail” to set aside more substantial capital buffers for potential losses.

Posted: October 22nd, 2014 in Editor's Pick,Headlines | Read More »

Fast-track LRT-2 deal post-award process, gov’t urged

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LRT Line 2. PHOTO FROM LRTA.GOV.PH

The government was urged to fast-track the post-awarding process for the contract to operate and maintain Light Rail Transit Line 2, as the original timeline placed the turnover during the term of the next administration.

Posted: October 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Rising household debt poses risks to growth of SE Asian economies

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credit-card-peso-bills

The continued rise in the levels of household debt held by Southeast Asian banks, which are now under pressure due to rising interest rates, may lead to a deterioration in consumer confidence that could lead to slower growth in the region.

Posted: October 21st, 2014 in Editor's Pick,Headlines | Read More »

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  • A thoroughly Asian fest for the region and beyond
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  • PTT sets $2B diversification, expansion plan
  • Retail group SSI expanding market presence
  • Technology

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  • Smartphone sales surging, research firm says
  • Asians get paid less in Silicon Valley tech jobs
  • Opinion

  • Editorial Cartoon, October 23, 2014
  • Truck ban
  • To have peace, there must be justice
  • Double entendre
  • Binay’s politics
  • Global Nation

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