Home / Business (page 3)

Business

Canopy Growth shares tumble on CEO exit plans, loss of market share

Workers produce medical marijuana at Canopy Growth Corporation’s Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018.THE CANADIAN PRESS/Sean Kilpatrick Aleksandra Sagan, The Canadian Press Published Thursday, August 15, 2019 12:58PM EDT Last Updated Thursday, August 15, 2019 3:19PM EDT Canopy Growth Corp. shares fell to a 2019 …

Read More »

DoF upbeat over ‘sin’ tax hike version

By MAYVELIN U. CARABALLO, TMT August 15, 2019 THE Department of Finance (DoF) remains optimistic that its version of the proposed “sin” tax hike would still be adopted by the 18th Congress. “There are so many steps to propose our version — the [House of Representatives] plenary, the Senate committee, …

Read More »

Auto sales jump 13% last month – report

By ANNA LEAH E. GONZALES August 15, 2019 Automobile sales posted double-digit growth in July on the back of strong sales campaigns and stable supply of units, an industry report revealed on Wednesday. Data from a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and …

Read More »

BSP: ATM fee increase to encourage e-transactions

By MAYVELIN U. CARABALLO, TMT August 15, 2019 THE looming adjustments in automated teller machine (ATM) fees should encourage the public to consider using other modes of banking transactions, like electronic channels (e-channels), a senior central bank official said on Wednesday. “This development is [telling] the banking public to consider …

Read More »

Power consumers get P1.7-B refund – PEMC

By JORDEENE B. LAGARE August 15, 2019 POWER consumers in the country can expect some relief in paying their electricity bills after the Philippine Electricity Market Corp. (PEMC) reported that the P1.774-billion refund ordered by the Energy Regulatory Commission (ERC) because of overbilling has been implemented. In a statement on …

Read More »

SMC unit bags notice of award for NMIA project

By LISBET K. ESMAEL August 15, 2019 THE infrastructure arm of San Miguel Corp. (SMC) secured on Wednesday the notice of award for the listed conglomerate’s proposed P734-billion New Manila International Airport (NMIA) project. In a statement, the Department of Transportation (DoTr) said it had issued to San Miguel Holdings …

Read More »

TC raises duty vs imported cement

By ANNA LEAH E. GONZALES August 15, 2019 Trade Secretary Ramon Lopez on Wednesday welcomed the Tariff Commission’s (TC) report which slapped higher and definitive safeguard duty on imported cement, but noted his department is still reviewing the evaluations made. “We just got the full report of Tariff Commission on …

Read More »

More ‘sin’ taxes to raise P33B for govt – DoF

By MAYVELIN U. CARABALLO, TMT August 13, 2019 ADDITIONAL “sin” taxes under the proposed Package 2 Plus B of the government’s Comprehensive Tax Reform Program (CTRP) could add P36.54 billion to state revenues in its first year of implementation, the Department of Finance (DoF) said. Finance Assistant Secretary Antonio Joselito …

Read More »