Local oil companies raised their prices anew, even before the fuel subsidy for public utility jeepneys (PUJs) and tricycles could even be implemented. The prices for gasoline and diesel were increased by P1.50 to P1.75 a liter and kerosene by P1.40 a liter.
The first to implement the latest price increase were Pilipinas Shell Petroleum Corp., [...]

The PNOC Exploration Corp. is already starting its preparations for a public-offering of its shares after its directors finally gave the go-ahead. However, the board deferred to give its decision on the actual date so as to be able to pinpoint the proper timing and conditions, according to PNOC-EC chair and CEO Gemiliano C. Lopez [...]

After being put in the hot seat once again, controversial television host Willie Revillame announced last Friday that his program “Willing Willie” will be off the air temporarily. Revillame made the announcement after major sponsors started pulling their ads one by one.
The controversy started on the March 12 episode of “Willing Willie” where  six year [...]

The ongoing investigation of former military comptroller Lieutenant General Jacinto and wife Erlinda Ligot has produced results as United States Ambassador Harry Thomas Jr. announced on Thursday that the US government has turned over to the Philippines $132,000 worth of assets of Mrs. Ligot.
Thomas, in his meeting with Justice Secretary Leila De Lima, said, “Today, [...]

New guidelines for all authorized agent-banks have been issued by the Bureau of Internal Revenue (BIR) as part of preparations for the 2010 income tax filing season. The new guidelines is requiring all authorized agent-banks to be open for two Saturday immediately prior to April 15 of every year and extend their banking hours from [...]

The Department of Trade and Industry said that many among our exporters are not really aware of the trade opportunities under the country’s free trade agreements (FTA). That is why it is intensifying its information awareness campaign focusing on the government’s priority exports.
Gregory L. Domingo, DTI Secretary, said that the basic information awareness campaigns from [...]

Earth Hour 2011 will be celebrated again for the fifth straight year and the Philippines is one of the countries who has many participants for this annual exercise. For this year, the Earth Hour will be on March 26, 2011, from 8:30 p.m. to 9:30 p.m.
During Earth Hour, those who are participating in this advocacy [...]

The Philippine government wasn’t able to do much to alleviate the plight of the three Filipinos who were caught for drug smuggling in China. They have been sentenced to death and the date of their execution would on March 30, 2011.
According to Department of Foreign Affairs (DFA) Spokesman Ed Malaya, the Fujian People’s Court and [...]

“Maharlika Board” or a separate trading board for the Philippines companies that comply with high governance standards is being planned by the Philippine Stock Exchange (PSE). If plans push through, the “Maharlika Board,” which will be the first of its kind in Asia, will start on September this year. It is part of the government’s [...]

The Angeles City Local Government has just boosted its capability in responding to people in times disaster with its acquisition of an emergency rescue vehicle and an ambulance. The newly-acquired vehicles, together with the other new rescue equipments, were presented by Angeles City Mayor Edgardo Pamintuan along with the members of the city council during [...]

The Asia Brewery, Inc. (ABI) donated 70,000 bottles of distilled water which were flown in by the Philippine Airlines (PAL) to Tokyo, Japan yesterday. This signals the start of PAL’s shipment of relief goods for the earthquake and tsunami victims in that country.
ABI sent Absolute bottled water having a total weight of 27 tons. They [...]

In the latest report from the aftermath of the magnitude 9 earthquake and tsunami that hit Japan last March 11, the Department of Foreign Affairs (DFA) said that two Filipinos were confirmed dead. However, the names of the victims, a woman and her child, was not yet released by the DFA.
In its press conference in [...]

A bill that is said to “increase tax collections without the enactment of new tax measure” has been approved by the House committee on ways and means.
Authored by Representative Giorgidi Aggabao and Batangas Representative Tomas Apacible, the bill is simplifying the net income taxation scheme (SNITS) that will limit the allowable business deductions from gross [...]

A military intervention in Libya seems inevitable as the United States accused Muammar Gaddafi of defying international demands for an immediate ceasefire, as France’s U.N. envoy predicted military action to take place within hours of an international meeting on Libya.
France will host a meeting on Saturday on Libya which will be attended by U.S. Secretary [...]

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.”

To meet the local coffee demand of 64,000 metric tons (MT), a Coffee Fund to finance production is being set up by the Land Bank of the Philippines and (LBP) and coffee grower Corporate Holdings Management Inc. (CHMI).
President Noel S. Gonzales of CHMI said, “Any business will not survive without funding from banks. We can’t [...]

Based on World Bank’s (WB) assessment, the Philippines have the potential of generating more investment this year, as well as next year. The World Bank cited recent reports about improving business sentiments that could fuel economic growth faster than its previous estimates. It has set its growth forecast for the Philippines at 5 percent this [...]

The Libingan ng mga Bayani is a cemetery reserved for military personnel who died in line of duty or were honorably discharged, Filipino veterans, former presidents, government dignitaries, statesmen and national artists. Likewise, widows of former presidents, secretaries of national defense and chief of staff can also be buried in the same plot where their [...]

Quezon City council formalizes online business registry with a city ordinance last week. The ordinance also allows the public to research valuable business information in the city. Both domestic and international traders would benefit from it because they can identify their prospective markets in Quezon City with just a click on their mouse.

The boracay is one of the finest travel destination here in the philippines. But now it can turn into a not so good destination because some of the tourist that are going there are not caring about its environment so it is going to be destroyed little by little.
But some private corporation and non-government organization [...]