The Philippine Peso weakened on Thursday as an effect of investors concerns in the local economy. After hitting its strongest thus far in three years early this week, the peso closed at 42.17 against the US dollar on Thursday. Down by 6 centavos from Wednesday’s 42.11.

Half-Filipino and world music sensation Bruno Mars made it to the TIME magazine’s list of 100 most influential people for 2011. Born Peter Gene Hernandez to a Filipino mother and Puerto Rican father, 25-year old Bruno Mars ranked no. 64 in the TIME Magazine’s list, as he joins an illustrious list of artists and activists, [...]

Splash Corporation reported its profit up to 500 percent to P144 million in 2010 from P23.74 million in 2009. The leading personal care manufacturer reported to the Philippine Stock Exchange that its big financial figures last year can be attributed to its strong performance across all its business segments – domestic, international and direct selling.
Splash [...]

The Land Transportation Franchising and Regulatory Board (LTFRB) granted a P1 provisional fare increase for Metro Manila buses. The resolution was signed last Friday approving the fare adjustment for the first five kilometers. There will be no provisional increase on the succeeding kilometers though.
The increased fare would be P10 for the first five kilometers and [...]

After ordering its closure, and putting it under the receivership of the Philippine Deposit Insurance Corporation (PDIC), the next order of business is how to give back the money to the bank’s 177,652 depositors of Banco Filipino Savings and Mortgage Bank. BSP Deputy Governor Nestor Espenilla Jr. said that from the total number of depositors, [...]

The Bureau of Internal Revenue (BIR) earlier issued Revenue Regulation 2-2011 requiring individuals, estates and trusts to file their Income Tax Returns (ITR) “together with the AIR (annual information returns) or BIR Form No. 1705, which shall include income subject to final withholding tax and those exclusions from gross income.”

The group of Roberto V. Ongpin will return to the mining and oil exploration business soon after it acquired Atok-Big Wedge Co., Inc. Earlier, the company of former trade minister Ongpin sold its mining firm Philex Mining Corp.
It its disclosure to the Philippine Stock Exchange, Atok Big Wedge said it had a management and board [...]

This time the Bangko Sentral ng Pilipinas will allowing “money laundering” and it’s legal. The central bank’s seal of approval has been stamped on the prospect of doing large-scale money laundering.
But the BSP is referring to the literal ‘laundering’ of dirty money or those bills that were soiled by flash floods inside bank vaults during [...]

The eTelecare Global Solutions Inc. is seeking to be delisted from Philippine Stock Exchange. The business process outsourcing (BPO) firm said the effectivity date of its delisting is on November 9, 2009, this is in preparation for its upcoming merger with Stream Global Services Inc. of Boston.

On September 23 to 27, Tawi-Tawi will be celebrating its 36th founding anniversary, and this year one of the programs for the foundation day is the coastal area cleanup and mangrove reforestation alongside vibrant festivities that not only depict the culture of the place but also tourism and recreation activities for its people.

The Asian Development Bank (ADB) approved the Philippines’ application for a $500-million loan and the funds are expected to be released next month.
The loan will be the first to be released under the ADB’s Countercyclical Support Facility (CSF), which was established in June to help developing members boost spending to counter the effects of the [...]

Every business needs a plan on how maximize profit. This is only possible if you know where your business can collect money from. Profit is relative to amount of investment in a business so it is not the most important measure of financial performance of a business like what most business owner thinks.
For example, a [...]

With the deadline on the filing income tax approaching, the Bureau of Internal Revenue (BIR) is asking Philippine banks authorized to accept tax payment to extend their hours and to assign additional personnel during the income tax filling season.
The BIR issued the request in its bank bulletin 2009-19, to ensure that all taxpayers will be [...]

Technology startup companies in the Philippines now have an ally, and a home, with the help of the project that is spearheaded by the Department of Science and Technology together with the Philippine Economic Zone Authority (PEZA).
This is the incubation facility which would be opened at the University of the Philippines this April which would [...]

Will raising the tax rate really help the Philippines in this time of global recession?
That is how three economists from the University of the Philippines School of Economics think so. Dante Canlas, Benjamin Diokno and Felipe are proposing a reform in the country’s tax system that would increase the value-added tax (VAT) rate from 12 [...]

M Lhuillier pawnshop has successfully re-branded itself to being ‘more than just a pawnshop,’ as they pioneered domestic money remittance in the Philippines. And now they, have reached another milestone by partnering with MoneyGram International.
With this partnership, Lhuillier will be able to provide money transfer services on a dollar-to-dollar basis, eliminating currency exchange costs in [...]

The last part of 2008 saw a number of rural banks closing down one after another. Initially, this was easily blamed on the global financial turmoil. But Bangko Sentral ng Pilipinas (BSP) thinks otherwise, and that poor management and other illegal activities has a lot to do with.
Because of this, Deputy Governor Nestor Espenilla of [...]

Chowking, the 3rd to the largest fast-food chain in the Philippines had surpassed McDonalds’s in terms of sales and market share. Of course, we all know that Jollibee still remain on the top being the largest fast-food chain in the country.
Interestingly, the two guys behind the Chowking Php10 billion brand are no longer working in [...]

Under the watchful eye of Dr. Ronald Miller – BYUH psychology professor, 10 BYU-Hawaii students spent their summer studying and researching the lifestyles of nearly 700 returned missionaries living in the Philippines archipelago. One of them is a Filipino BYUH alumnus who have returned in order to live in his homeland.
The interns agreed that this [...]

American investor, billionaire Warren Buffett, (who was also referred to as world’s richest man by Forbes Magazine in March) gave his thoughts and views regarding US economy last Friday on CNBC television. He said that the US economy is in recession and will be weak until 2009.
Buffet said some housing-related business in his Berkshire Hathaway [...]