FINANCE SECRETARY RALPH G. RECTO — PCOBy Kenneth Christiane L. Basilio, ReporterTHE GOVERNMENT will not introduce new tax proposals in the 20th Congress, Finance Secretary Ralph G. Recto said, reaffirming the administration’s fiscal consolidation strategy despite record-high debt.Speaking with reporters after a Development Budget Coordination

SOLDIERS march during the Armed Forces of the Philippines (AFP) Anniversary held at Camp General Emilio Aguinaldo in Quezon City, Dec. 20, 2024. — PHILIPPINE STAR/NOEL B. PABALATEBy Aubrey Rose A. Inosante and Kenneth Christiane L. Basilio, Reporters THE MARCOS administration has shelved a

Money sent home by overseas Filipino workers (OFWs) rose by 3.1% to $16.75 billion in the first six months of the year. — REUTERSBy Katherine K. ChanCASH REMITTANCES are projected to remain resilient for the rest of the year, potentially surpassing the Bangko Sentral ng

REUTERSTHE BANGKO Sentral ng Pilipinas (BSP) on Tuesday vowed to continue efforts to combat financial crimes, after the Philippines officially exited the European Union’s (EU) list of countries that are at “high-risk” for money laundering.“The BSP remains firmly committed to driving financial sector reforms, strengthening

PILIPINAS.SHELL.COM.PHLISTED oil firm Shell Pilipinas Corp. (SPC) plans to spend up to P4 billion in capital expenditure (capex) through 2030 to expand its asset portfolio in line with its medium-term growth strategy, its president said.“In the medium term, we will progressively grow our asset portfolio.

STOCK PHOTO | Image by Vwalakte from FreepikMANILA ELECTRIC CO. (Meralco) has signed an agreement with South Korea’s DL Engineering & Construction (DL E&C) to conduct studies on the possible deployment of small modular reactors (SMRs) in the Philippines.In a statement on Tuesday, Meralco said it

PHILSTAR FILE PHOTOPHILIPPINE SEVEN CORP. (PSC), the exclusive licensee of the 7-Eleven convenience store brand in the country, aims to open around 250 new stores by year-end, a company official said.“We’re looking at opening at least 500 stores by the end of this year. As

WIKIPEDIA/JUDGE FLOROTHE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at lower rates amid strong demand on expectations that borrowing costs will continue to go down.The Bureau of the Treasury (BTr) borrowed P25 billion as planned via the

Park Inn by Radisson in Sta. Rosa, Laguna — SM PRIME HOLDINGS, INC. SM HOTELS and Conventions Corp. (SMHCC), the hospitality arm of SM Prime Holdings, Inc., targets to open the P1.5-billion Park Inn by Radisson in Sta. Rosa, Laguna by the first quarter (Q1) of

THE BANGKO SENTRAL ng Pilipinas’ (BSP) net income more than doubled in the first quarter as it booked a larger net foreign exchange (FX) gain, preliminary data showed.The central bank’s net profit surged by 122.1% to P40.2 billion in the first three months of the

Puregold targets to open 8 more stores by year-end - BusinessWorld Online                                    PUREGOLD.COM.PHLISTED grocery retailer Puregold Price Club, Inc. plans to open eight new branches by

MARIINSKY BALLET superstars Kimin Kim and Renata Shakirova lead Ballet Manila’s Don Quixote in a historic Philippine debut. — BALLET MANILAINTERNATIONAL BALLET STARS from Russia’s Mariinsky Ballet will be bringing fresh fire to the home stage of Ballet Manila for a restaging of the energetic