<?xml encoding=”utf-8″ ?????????> The higher cost of borrowing is weighing heavily on bank lending in a sign that the UK economy may be facing a recession due to the Bank of England’s interest rate hikes. Both mortgage lending and consumer lending dropped in September as the interest rates on bank […]
Tax on online sellers eyed before Dec.
The Bureau of Internal Revenue is looking to start implementing a creditable withholding tax on partner-merchants of online platforms before December. — REUTERS THE BUREAU of Internal Revenue (BIR) is hoping to start imposing a creditable withholding […]
Slower Oct. inflation likely to ease pressure on BSP to tighten policy
PHILIPPINE STAR/EDD GUMBAN By Keisha B. Ta-asan, Reporter HEADLINE INFLATION may ease to 5.3% in October, which would put less pressure for the Bangko Sentral ng Pilipinas (BSP) to further tighten monetary policy, according to Pantheon Macroeconomics. […]
Gov’t may miss spending targets this year — analysts
Laborers work at a construction site in Manila, Philippines, Nov. 17, 2016. — REUTERS/CZAR DANCEL By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government (NG) may likely miss its spending targets this year, which could potentially […]
PSE index seen to close at 6,500 level by end of 2023
REUTERS THE BENCHMARK Philippine Stock Exchange index (PSEi) could close the year at 6,500, if economic activity improves, a market expert said. “If the market could reach the 6,300 to 6,500 level. I would be happy,” BDO […]
Lufthansa Technik plans P15-B expansion to Clark
LUFTHANSA TECHNIK Philippines, Inc. (LTP) is looking at expanding its operations to Clark, its president said, as he outlined the company’s plan to build two large hangar bases for P15 billion. “We are maxed out here in […]
Angat hydropower plant to shut down for major repair — MWSS
Angat Hydropower Corp. (AHC) will undertake a major repair and rehabilitation of its existing penstock to modernize its hydro-electric power plant in Bulacan, said the Metropolitan Waterworks and Sewerage System (MWSS), which assured of uninterrupted water supply. […]
PHL short films join 34th Singapore International Film Festival
STILL from All This Wasted Space by Cris Bringas THE SINGAPORE International Film Festival (SGIFF), which has been held annually since 1987, will take place from Nov. 30 to Dec. 10 this year. This 34th edition boasts […]
Marcos admin urged to develop a roadmap for steel industry
WORKERS are seen installing steel at a construction site in Santa Cruz, Manila, Oct. 26, 2023. — PHILIPPINE STAR/EDD GUMBAN THE Philippine government should push for a development roadmap for the country’s steel industry if it wants […]
Success redefined: Bridging generational gaps
By Maria Georgianna E. Carlos SAMMIE CHAFFIN-UNSPLASH In the hallowed halls of my alma mater, a singular principle was instilled in us from an early age: become servant leaders. We were encouraged to dream big, […]