Tag: bworldonline
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Infrastructure spending increased by 15% in March, says Budget dep’t
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STATE SPENDING on infrastructure rose by 15% in March as the government ramped up disbursements for public works and defense modernization projects, the Department of Budget and Management (DBM) said.
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Filipinos now spending more on home redesign post-COVID
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THE GLOBAL coronavirus pandemic has forced Filipinos to rethink spaces and redesign certain areas of their home to make these more work-friendly.
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PHINMA Corp. to acquire Petra Cement for P500 million
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LISTED conglomerate PHINMA Corp. said it will acquire cement manufacturer Petra Cement, Inc. for P500 million to strengthen its cement business. The conglomerate, through its subsidiary Philcement Corp., signed a share purchase deal on May 20 with Petra Cement, PHINMA Corp. said in a stock exchange disclosure on Tuesday. “Philcement…
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DMCI Holdings looking to add copper, gold, coal mining assets
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LISTED conglomerate DMCI Holdings, Inc. said it is exploring new copper, gold, and coal assets to boost its mining business. “We’re currently looking at large mining assets, probably copper and gold, and maybe an additional coal mine in Mindanao, if possible, provided that it is open pit,” DMCI Chairman and…
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BatStateU launches Philippines’ NEED program to redefine future of engineering education
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Batangas State University (BatStateU) launched the Philippines’ National Engineering Education Development (NEED) Program last May 8, marking a transformative step forward in the advancement of engineering education in the Philippines. Positioned to significantly contribute to the development of highly skilled engineers and professionals who will drive the nation’s progress and…
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Keppel Philippines Holdings to hold annual stockholders’ meeting remotely on June 14
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BSP has room to ease before Fed
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THE BANGKO Sentral ng Pilipinas (BSP) still has room to cut rates before the US Federal Reserve, analysts said, but warned of such a move’s impact on the peso.
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Finance department says no plan to further raise sin tax rates
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THE DEPARTMENT of Finance (DoF) is not planning to raise taxes on “sin” products but is closely looking into the mounting tax losses due to illegal importation of cigarettes. “We will not impose any hike except for the existing [rates,]” Finance Undersecretary and Chief Economist Domini S. Velasquez said at…
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PHL needs at least 6.1% growth to meet target, say analysts
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THE PHILIPPINE ECONOMY must grow by an average of 6.1% for the rest of the year to meet the lower end of the government’s 6-7% target, the Department of Finance (DoF) said over the weekend.
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Philippines implements single electronic invoicing system for imports
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THE PHILIPPINE government has enforced a single electronic invoicing system for all imported commodities, as it explores nonmonetary measures to address rising food prices. Under Administrative Order (AO) No. 13 signed by President Ferdinand R. Marcos, Jr. on May 13, the country will implement digital and integrated pre-border technical verification…