A new ruling on the issuance of gift certificates (GCs) might be issued by the Department of Trade and Industry (DTI) soon. If the DTI will have its way, it wants GCs to have no expiration dates. It is expected to come out with the decision on the matter next month.
The issuers of gift certificates [...]

The plan of the Bureau of Internal Revenue (BIR) of naming the top taxpayers in the country makes foreign business leaders worried that it could threaten people’s safety and privacy. The Joint Foreign Chambers (JFC) is urging the BIR to nix the said plan.
JFC said that publishing the names of the top taxpayers may also [...]

A listed firm expressed interest to bid for the 116 megawatt Subic diesel-fired power plant project, the sole generating facility at the Subic free port.
In its disclosure to the Philippine Stock Exchange (PSE), Pacifica Inc. which is controlled by port operator Michael Romero said its board has approved the plan to “bid or submit a [...]

Starting next week, the National Statistics Office (NSO) will again be going house to house conducting the 2010 Census of Population and Housing (CPH). The census will run from May 17 to June 14. The move is in pursuant to Batas Pambansa Bilang 72, which provided NSO the authority to undertake an integrated census every [...]

The Commission of Elections (Comelec) proclaimed yesterday, May 15, 2010, the top nine senators in the ongoing canvassing of votes.  Comelec spokesman James Jimenez said they decided to proclaim the nine senators because a continuation of the canvass would no longer affect their standing. “Even if we canvass the uncanvassed Certificate of Canvass (COCs), it [...]

I really do not think I will survive the blogging world without the help of my techie friends. They are the ones I run whenever I have some problems in my blogging and computer in general, yes, even hardware problems! I remember when I need to make IBM Memory Upgrades and I sent an email [...]

Manila Water Co. will be part of a consortium that will be formed to buy United Utilities Plc.’s wholly owned subsidiary, United Utilities Australia Pty Ltd. (UUA) and its affiliates for A$225 million. Others that will be part of the consortium are Mitsubishi Corp., Innovation Network of Japan and JGC Corp.

We all know that in these times of the internet, it is advisable for an entrepreneur to have his own website to reach more clients without spending too much in advertising. But not many entrepreneurs know that websites can also be a good business. Just look at many online pages that has websites for sale [...]

With the seemingly assured victory of Benigno  “Noynoy” Aquino for the highest position in the country, the business groups in the Philippines have expressed their eagerness to support and work with the incoming administration.
Francis C. Chua, president of the Philippine Chamber of Commerce and Industry (PCCI), said “The business community welcomes who the people have [...]

As we get older, we should watch out for our back, and I am not referring about backstabbing from people we trust. Although we should watch out for those too. But I am really referring to those activities that could give us spinal fracture like lifting heavy objects and some sports that involves rigid physical [...]

As Senator “Noynoy” Aquino III posted a surprisingly strong lead in the early counting of the first automated election returns, many of his rivals for the position of president have conceded defeat.
Gilberto “Gibo” Teodoro, who expressed his support for the new presidency said, “I have a supportive family, the best one.” A statement in Teodoro’s [...]

Right after the elections, the Bureau of Internal Revenue (BIR) will start this week their audit of 24 of the biggest conglomerates in the Philippines for their 2009 finances. According to BIR Commissioner Joel L. Tan-Torres said BIR “expects to collect a large amount of tax deficiency” from these group of companies. He said they [...]

Cebu Pacific was able to break passenger loads for April. The country’s low-fare airline flew 903,118 passengers for the previous month, which broke its own record of its best performing month, which was March 2010 with 857,041 passengers. To celebrate this, CEB announced a seat sale to select domestic and all international destinations from May [...]

National Power Corp. (Napocor) president Froilan Tampinco that they will be offering about P15 billion worth of peso-denominated bonds and want it to be in place within the month. The proceeds for the bond offerings would be used to fund the company’s budget requirement for the rest of the year and up to the first [...]

The country’s tax agency was able to exceed its collection goal of P86.2 billion for April and was able to collect P87.1 billion for the month. Bureau of Internal Revenue (BIR) commissioner Joel Tan-Torres that the collection for April even exceeded the P87 billion collections for the same period last year.
The collection performance was attributed [...]

Homegrown fastfood giant Jollibee Foods Corp. continues to extend its presence in China as it recently acquired one of the local beef noodle there. In its disclosure to the Philippine Stock Exchange, Jollibee said it will be investing RMB30 million ($4.39 million) to secure 55 percent stake on the San Pin Wang restaurant chain.
Another RMB20 [...]

The Metro Pacific Group is confident that it has won the bidding for the concession to operate the country’s longest expressway, the Subic-Clark-Tarlac Expressway (SCTEx). Metro Pacific Tollways Corp. (MPTC) believed it virtually clinched the hotly contested concession after it has submitted an “improved” bid package to the government. “We have submitted a final improved [...]

To offset the coming price increase of galvanized iron (GI) sheets and other finished products, the steel coil imports may be allowed to enter the Philippines duty-free soon. Trade secretary Jesli A. Lapus said that the Tariff and Related Matters (TRM) committee has approved the 0% tariff for rolled coils last April 28 in order [...]

Total collections reaching an amount of P127.74 million have been gathered by the Social Security System (SSS) from overdue contributions from delinquent employers.
The state-owned pension fund for private employees was able to collect the said amount under an amnesty program offered by the agency to delinquent employers, in order to help workers regain access to [...]

A tighter rule in getting listed in the local stock exchange by way of introduction has been drafted by the Philippine Stock Exchange (PSE) in a bid to better protect the investing public. The new guidelines will affect the rule which allows the companies to start public trading of their shares without conducting an initial [...]