HCM City targets 8.5 mln USD per ha in export processing, industrial zones

The management board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target to attract 550 million USD in investment capital this year, averaging 8.5 million USD per ha. Concurrently, the board aims to final…

Tax court returns to RTC the LRT tax refund suit vs. Manila

MANILA: The Court of Tax Appeals (CTA) has remanded to the Manila Regional Trial Court (RTC) a case involving local business taxes imposed by the City of Manila over the operator of Light Rail Transit-1.

In its 15-page decision dated January 4 writte…

PBBM hopeful for Veloso’s clemency; reports case progress to Widodo

MANILA: President Ferdinand R. Marcos Jr. is hoping clemency will be given ‘at the appropriate time’ to Mary Jane Veloso as he relays the progress on the case filed against her recruiters in the Philippines.

During a meeting with Indonesian President…

Quake, typhoon-hit residents in Surigao Sur get TUPAD payments

BUTUAN CITY: At least 1,850 beneficiaries of the government’s cash-for-work program in Surigao del Sur on Tuesday received payments more than a month after a magnitude 7.4 earthquake and Tropical Storm Kabayan hit the area.

Some PHP6.5 million worth …

Calabarzon posts ‘mild’ 3.4% inflation in December

Batangas: Inflation in the Calabarzon region was kept to a moderate 3.4 percent in December 2023 due mainly to the stable prices of some heavily-weighted food items despite the high demand during the Christmas season.

This represents a notable declin…

PSEi tracks US market decline, peso depreciates

MANILA: The local stock market ended the day in the negative territory while the peso remained on the PHP56 level on Wednesday.

The Philippine Stock Exchange index (PSEi) shed 72.41 points to close at 6,546.11, while All Shares also declined by 34.04…

Manila collects 148 truckloads of garbage after Traslacion

MANILA: The Manila city government on Wednesday said it has collected a total of 148 truckloads of garbage during the celebration of the feast of the Black Nazarene.

‘The Manila city government as of 8 a,m. today, Jan 10, DPS (Department of Public Se…