FREEPIKBy Kyle Aristophere T. Atienza, ReporterLOCAL government units (LGUs) are prohibited by the Constitution and a 1995 law from declaring blanket bans on mining, the Supreme Court (SC) ruled.The ruling nullified a 25-year moratorium on large-scale mining by Occidental Mindoro and the municipality of Abra

PAGCOR remits P12.67-B dividend to Treasury - BusinessWorld Online                                    PHILSTAR FILE PHOTOTHE Philippine Amusement and Gaming Corp. (PAGCOR) said it remitted P12.67 billion worth of dividends

THE Energy Regulatory Commission (ERC) said it has issued show-cause orders to 37 generation firms for failing to disclose their fuel costs, which the regulator uses to validate the reasonableness of their generation charges.In a statement on Wednesday, the ERC said the power firms were

Addressing teaching quality is first job in reforming education, says World Bank - BusinessWorld Online                                    PHILSTAR FILE PHOTOTHE GOVERNMENT needs to focus on improving teaching quality

THE National Grid Corp. of the Philippines (NGCP) said it is taking a “wait-and-see” approach to the fifth rate reset round as it has yet to receive a final copy of the regulator’s review of the fourth regulatory period (4RP).“The fifth regulatory period is delayed.

John Hay Mile Hi property offered for redevelopment - BusinessWorld Online                                    FACEBOOK.COM/CAMPJOHNHAYPHTHE Bases Conversion and Development Authority (BCDA) said on Wednesday that it is auctioning a

Fil-Chinese biz chamber backs 99-year land leases - BusinessWorld Online                                    THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) called on the incoming

As the digital economy continues to expand, governments worldwide are adapting their tax systems to keep pace. The Philippines is no exception. Starting on June 2, digital services consumed within the country will be subject to a 12% Value-Added Tax (VAT), following the signing of

BW FILE PHOTOPHILIPPINE STOCKS slipped on Wednesday as investors booked profits from the market’s two-day climb and monitored the release of corporate results.The Philippine Stock Exchange index (PSEi) inched down by 0.22% or 15.01 points to close at 6,551.81, while the broader all shares index

Peso weakens as market sees June BSP cut - BusinessWorld Online                                    IIIJAOYINGIII-PIXABAYTHE PESO depreciated against the dollar on Wednesday amid expectations of another rate cut by