House committee approves fourth package of CTRP
November 21, 2018
The House committee on ways and means on Wednesday approved the fourth package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP), which introduce changes on capital income and financial services taxation. The unnumbered substitute or the “Passive Income and
Japanese consortium wins Metro Manila subway project bidding – Diokno
November 21, 2018
A Japanese consortium has won the contract for the construction of Metro Manila subway project for P11.7 billion, Budget Secretary Benjamin Diokno said Wednesday. In his regular forum, Diokno said the winning bidder was OCGlobal. “This is the winning bidder
Lorenzana doubts accuracy of SWS on gov’t stance on West Philippine Sea
November 21, 2018
Defense Secretary Delfin Lorenzana expressed doubt on the accuracy of the Social Weather Stations’ (SWS) latest survey saying Filipinos reject the action being taken by the government in dealing with China over the disputed waters. “I have doubt on accuracy
Navy tests Israel missile system in drill in Bataan
November 21, 2018
Three Philippine Navy (PN) missile-firing fast attack craft “intercepted and sank three unidentified vessels earlier monitored to be ferrying heavily armed men” off the coast of Lamao Point, Limay, Bataan Wednesday. The drill, witnessed by Defense Secretary Delfin Lorenzana and
Duterte issues EO adopting national anti-money laundering and countering financing of terrorism strategy
November 21, 2018
President Rodrigo Duterte has issued an executive order adopting a four-year strategy against money laundering and on countering terrorism financing. Executive Order No. 68, which Duterte signed on November 12, provides the adoption of the National Anti-Money Laundering and Countering
Stock index declines, peso climbs to P52.35:$1
November 21, 2018
The local stock index lost ground while the peso gained against the US dollar on Wednesday. The Philippine Stock Exchange ( PSE) index settled at 7,265.45, down 37.49 points. In the broader market, there were 127 decliners, 64 gainers and
SC urged to rule on 10-year-old petition on joint seismic deal between Philippines, China, Vietnam
November 21, 2018
Militant partylist Bayan Muna on Wednesday asked the Supreme Court to rule on a 10-year-old petition assailing the constitutionality of joint marine seismic undertaking agreement during the administration of former President and now House Speaker Gloria Macapagal – Arroyo in
Gov’t fails to disclose copy of Philippines-China oil, gas dev’t deal
November 21, 2018
The Philippine government has yet to make public the memorandum of understanding on oil and gas development with China a day after it was signed. The Department of Foreign Affairs said it had no copies of the documents signed between
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