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House bill pushes for lower income tax rates

Deputy Majority Leader and Valenzuela City Rep. Magtanggol Gunigundo FILE PHOTO/congress.gov.ph

The country’s individual wage earners may celebrate their Fridays with more money if a bill that seeks to lower the income tax rate becomes a law.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

Bill would turn gov’t retirees into entrepreneurs

Tarlac Rep. Susan Yap, main proponent of the bill. CONTRIBUTED PHOTO/www.congress.gov.ph

Government service should also prepare public officials and employees for an entrepreneurial life, so they could continue being productive in a legitimate way once they leave their jobs.

Posted: March 23rd, 2014 in Latest Business Stories | Read More »

Lawmaker wants Meralco franchise reviewed amid power rate hike bid

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Akbayan party-list representative Walden Bello. INQUIRER FILE PHOTO

A partylist lawmaker is seeking a review of Manila Electric Co.’s (Meralco) congressional franchise for failing to protect the interest of its consumers from unjust power rate increases.

Posted: February 16th, 2014 in Latest Business Stories | Read More »

Business groups back moves to amend economic provisions in Constitution

Speaker Feliciano Belmonte. INQUIRER FILE PHOTO

Business groups expressed their support for the proposed resolution in the House of Representatives that seeks to amend the economic provisions of the Philippine Constitution.

Posted: February 12th, 2014 in Latest Business Stories | Read More »

Belmonte bill on foreign ownership backed

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A group of economists and socio-political analysts backed a proposal of House Speaker Feliciano Belmonte Jr. to vest on Congress the power to set restrictions on foreign ownership in key economic sectors, including public utilities, property, mass media and advertising, educational institutions and development of natural resources.

Posted: February 9th, 2014 in Headlines | Read More »

House probe sought on HGC bankruptcy due to zero-coupon bonds

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FIILE PHOTO

The House of Representatives is being urged to look into the gross mismanagement of the Home Guaranty Corp. (HGC), which buried the state firm in P13.296 billion in losses over a decade bridging the Arroyo and Aquino administrations.

Posted: January 29th, 2014 in Latest Business Stories | Read More »

Solons seek to regulate ATM fees

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ATM

Lawmakers have filed a bill seeking to standardize rates of automated teller machine (ATM) transaction charges.

Posted: September 29th, 2013 in Latest Business Stories,Money | Read More »

Micro-credit financing bill in House pushed

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Food stalls line a busy street in Villasis, Pangasinan. INQUIRER file photo

Re-elected Muntinlupa City Representative Rodolfo Biazon on Thursday urged the 16th Congress to fast track the approval of a measure establishing micro-credit financing.

Posted: June 20th, 2013 in Latest Business Stories,Photos & Videos | Read More »

CA junks environment case vs Subic coal-fired power plant project

By
FILE PHOTO

The Court of Appeals has dismissed the writ of kalikasan case slapped against the planned 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy), effectively allowing the power firm to finally push through with the $1.28-billion project.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

Obama to make ‘fiscal cliff’ statement

President Barack Obama smiles as he speaks about the fiscal cliff, Monday, Dec. 31, 2012, in the South Court Auditorium at the White House in Washington. AP FILE PHOTO

US President Barack Obama was set to make a televised statement within minutes on Tuesday, after Congress finally passed a bill to avert a “fiscal cliff” budget crisis.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

US Congress finally averts ‘fiscal cliff’

The lights of the U.S. Capitol remain lit into the night as the House, at left, continues to work on the "fiscal cliff" legislation proposed by the Senate, in Washington, on Tuesday, Jan. 1, 2013. AP/Jacquelyn Martin

Legislation to block the “fiscal cliff” is headed to the White House for President Barack Obama’s signature. The bill will avoid, for now, the major tax increases and government spending cuts that had been scheduled to take effect with the new year.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

Legislators laud upgrade of PH credit rating

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moodys_logo

Legislators on Tuesday lauded the upgrade of the country’s credit rating to a notch below investment grade by Moody’s Investors Service, saying that this indicated an improvement in the way global investors perceive the Philippine economy.

Posted: October 30th, 2012 in Latest Business Stories | Read More »

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