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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 »

AirAsia plans $500M infusion in PH operations

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In this photo released by Team Pacquiao, Filipino boxer Manny Pacquiao, left, and budget airline AirAsia owner Tony Fernandes, hold a cutout of the airline's new design designating Pacquiao as its new ambassador Wednesday, Nov. 12, 2014 at General Santos City. AirAsia is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, Fernandes said on Wednesday.  AP PHOTO/MIKE YOUNG, TEAM PACQUIAO

Malaysia’s AirAsia Berhad, one of the region’s biggest budget carriers, is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, its top official said on Wednesday.

Posted: November 13th, 2014 in Featured Gallery,Headlines,Latest Business Stories | Read More »

PSE probes listed firms linked to Tiu

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Antonio Tiu INQUIRER FILE PHOTO

The Philippine Stock Exchange (PSE) is scrutinizing the testimony of businessman Antonio Tiu, chair of publicly listed companies AgriNurture Inc. and Greenergy Holdings Inc., as he faces the Senate Blue Ribbon Committee amid allegations that he is a dummy of Vice President Jejomar Binay.

Posted: November 5th, 2014 in Editor's Pick,Headlines | Read More »

Aquino: PH economy can lose up to P23.3B in daily, 5-hour brownouts for 3 months

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Wednesday warned that the economy could lose up to P23.3 billion in case of daily five-hour brownouts for three months next summer.

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

Palace assures Congress: No secret details behind Aquino’s emergency powers

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Palace spokesman Edwin Lacierda. INQUIRER FILE PHOTO

Malacañang has assured lawmakers that Energy Secretary Carlos Jericho Petilla would not keep them in the dark on the details of the special powers requested by President Benigno Aquino III.

Posted: September 17th, 2014 in Latest Business Stories | Read More »

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  • Global Nation

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