by ev3v4hn | May 28, 2020 | Business News
The Federation of Free Farmers (FFF) has questioned the legality of the government’s move to import an additional 300,000 metric tons (MT) of rice on top of the imports being brought in by the private sector as this runs counter to the rice tariffication law. Earlier this week, state-owned Philippine International Trading Corp. (PITC), which […]
by ev3v4hn | May 18, 2020 | Business News
Brothers Fernando (left) and Jaime Augusto Zobel de Ayala lead the 7th generation Zobels. Conglomerate Ayala Corp. and key operating units settled P9.86 billion worth of taxes ahead of the extended June 14 deadline, wanting to help the government boost revenues during...
by ev3v4hn | May 16, 2020 | Business News
Tycoon Lucio Tan-led LT Group Inc. (LTG) grew its net profit in the first quarter by 41 percent year-on-year to P6.21 billion, driven mostly by price increases in the tobacco business. Earnings from the banking, beer and hard liquor businesses faltered, while the...
by ev3v4hn | May 16, 2020 | Business News
The Ayala group’s AC Energy Inc. has tapped Chinese supplier Jiangsu Seraphim Solar System Co. Ltd. for 183 megawatts (MW) worth of modules to be used in solar farm projects in Laguna and Zambales. The Jiangsu-based manufacturer said in a statement that while it...
by ev3v4hn | May 5, 2020 | Business News
MANILA, Philippines — The country’s largest organization of online gaming service providers on Tuesday sought to quell criticism that it owes the government taxes, saying its member firms pay all required regulatory fees and corporate and withholding taxes of its...
