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Govt to push for higher sin taxes – Finance dept

By MAYVELIN U. CARABALLO, TMT July 22, 2019 THE government will push for new sin taxes at the 18th Congress, the Department of Finance (DoF) said over the weekend. In a statement, the Finance department said key measures in the Duterte administration’s legislative agenda for this year’s Congress include “new …

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PH coconuts off to US, China soon

By EIREENE JAIREE GOMEZ July 23, 2019 THE first shipment of Philippine green or young coconuts to United States and China is set to commence next week, the Department of Agriculture (DA) said. Agriculture Secretary Emmanuel Piñol in a statement on Monday said a group of coconut industry stakeholders from …

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Farmers worried over declining palay prices

By EIREENE JAIREE GOMEZ July 23, 2019 FILIPINO farmers continued to worry over plummeting prices of palay (unhusked rice) which they believe would persist in the next planting season starting September. While latest data from the Philippine Statistics Authority (PSA) showed that the national average farmgate price of palay slightly …

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PSEi dips on players’ wait-and-see attitude

By ANGELICA BALLESTEROS, TMT July 23, 2019 THE stock market slipped on Monday as investors took a pause ahead of the State of the Nation Address (SONA) which came shortly after market close. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.28 percent or 23.24 points to close at …

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Manila LGU opens BOSS in City Hall

By ANGELICA BALLESTEROS, TMT July 23, 2019 THE Manila city government launched on Monday the Bagong Maynila Business One-Stop Shop (BOSS), which aims to reduce beginning next year the process in issuing business permits, and the time in securing them to one hour. On the sidelines of the BOSS’ soft …

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5 state agencies told: Improve services or die

By ANNA LEAH E. GONZALES July 23, 2019 PRESIDENT Rodrigo Duterte on Monday ordered five government agencies to improve their services, and threatened to terminate them if they fail to do so. During his fourth State of the Nation Address (SONA), Duterte identified these as the “LTO (Land Transportation Office), …

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‘Pass Trabaho bill, other tax measures’

By MAYVELIN U. CARABALLO, TMT July 23, 2019 PRESIDENT Rodrigo Duterte on Monday urged the 18th Congress to pass the remaining packages of his administration’s tax reform program, which he said would help finance its efforts to reduce poverty in the country. During his fourth State of the Nation Address, …

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Budget deficit hits P4.2B in June

By MAYVELIN U. CARABALLO, TMT July 23, 2019 THE government posted a narrow budget deficit in June as revenue collections surged and state spending weakened, the Bureau of the Treasury (BTr) said on Monday. In a statement, the Treasury said last month’s P41.8-billion deficit reversed the P2.6-billion surplus in May, …

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