“No new tax, just fairer rules”
The Department of Finance (DOF) has debunked misinformation surrounding the Capital Markets Efficiency Promotion Act or CMEPA, clarifying that the law does not impose a new tax, but rather standardizes existing rates to correct long standing inequities in the tax system.
Rice prices may help temper inflation despite surge in other food costs
Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).
Globe plugs in to Asia’s AI-ready subsea superhighway
Globe Telecom has joined the Asia United Gateway East (AUG East) submarine cable consortium, a strategic move aimed at enhancing East Asia’s high-capacity digital infrastructure amid surging demand driven by artificial intelligence (AI) and data-intensive technologies.
Meralco on standby for storm-related emergencies
The Manila Electric Company (Meralco), led by Manuel V. Pangilinan, assured the public of its readiness to respond to electricity service issues brought about by the lingering effects of Severe Tropical Storm Crising and the enhanced southwest monsoon.
Shari’ah-compliant bonds touted as tool for inclusion
The Bangko Sentral ng Pilipinas (BSP), through the Islamic Finance Coordination Forum (IFCF), hosted the “Stakeholders’ Forum on Domestic Sukuk Issuance” to expand access to financing for Muslim-owned enterprises by promoting Sukuk, or Islamic bonds.
