THE PESO declined slightly as the dollar was broadly stronger on Thursday amid signals from China’s central bank regarding the yuan. The local unit closed at P58.78 a dollar on Thursday, inching down by 2.5 centavos from the previous day’s finish of P58.755. The peso opened Thursday’s

PHILSTAR FILE PHOTOTHE Department of Agriculture (DA) said it initially estimates demand for subsidized P29 rice at 69,000 metric tons (MT) per month, though this total is expected to fluctuate depending on consumer response.“Of course it will change, it not exact. It will really depend

BW FILE PHOTOTHE Anti-Red Tape Authority (ARTA) said local government units (LGUs) with fully automated business permit processes now number 44, with seven awaiting commendation.ARTA reported that the most recent LGU to be issued a commendation for full compliance was Pulilan, Bulacan on June 13.Meanwhile,

COURTESY OF CONTACT CENTER ASSOCIATION OF THE PHILIPPINESTHE information technology and business process management (IT-BPM) industry said it expects to benefit from amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) and Cybercrime Prevention laws.Jack Madrid, president of the IT and Business Process

PHILSTAR FILE PHOTOTHE Bureau of Internal Revenue (BIR) is allowing the use of official receipts (ORs) until these are fully consumed extending their permissible issuance beyond the initial Dec. 31 deadline.BIR Commissioner Romeo D. Lumagui, Jr. said in a statement: “All remaining official receipts can

THE Philippine Economic Zone Authority (PEZA) said its locators were issued 17,592 special residency visas between November 2021 and April 2024, accounting for the overwhelming majority of the visas endorsed by investment promotion agencies (IPAs).Jenny Romero, PEZA legal affairs group manager, said in a radio

BW FILE PHOTOGOVERNMENT agencies’ cash utilization rate hit 94% at the end of May, the Department of Budget and Management (DBM) said in a report. The DBM said that national agencies and local governments, as well as state-owned corporations, utilized P1.78 trillion out of P1.89 trillion

PHILIPPINE STAR/EDD GUMBANTHE proper incentives will encourage more businesses to comply with the Extended Producers Responsibility (EPR) Act, which holds companies responsible for plastic waste over the full life cycle of their products.National Solid Waste Management Commission Vice-Chairman Crispian Lao said in a forum: “It

CDC-UNSPLASHTHE Bureau of Internal Revenue (BIR) said seized  tobacco and vapor products this year would have generated P7.2 billion in revenue had they entered the market through regular channels.“What we have caught so far for this year is quite a lot. For cigarettes, we’ve confiscated

MODEST GROWTH in foreign direct investment (FDI) is possible this year on the back of increased greenfield project announcements, according to the United Nations Conference on Trade and Development (UNCTAD).In its World Investment Report, UNCTAD said it remained positive for the full year despite weakness