ICCPI exec visits Negros for possible investments

BACOLOD City – Lorens Ziller, the executive director of the Italian Chamber of Commerce in the Philippines, Inc. (ICCPI), visited Negros Occidental On August 15, 2018 to look for possible investments in infrastructure and transportation. Ziller, who is also the Vice Chairman of the EU Philippines Business Network (EPBN) Infrastructure and Transport Committee, pledged his […]

Globe hosts 12th Singtel Group Regional CTO-CIO Forum

CEBU, Philippines – Continuing its decade-long commitment to strengthen the relationship among Information and Communications Technology (ICT) leaders across Asia, Singtel once again brought together some of the most influential experts and decision makers in ICT with Globe Telecom as host of this year’s powerhouse event. The two-day event focused on digitalization, 5G and IoT. […]

RETROACTIVE OR NOT?

By: Atty. Edward G. Gialogo DURING BIR’s (Bureau of Internal Revenue) audit, one of the most common reasons for disallowance of an expense is the taxpayer’s failure to withhold the tax. For this lapse, the taxpayer would be assessed of deficiency Expanded Withholding Tax (EWT) and deficiency income tax (since the disallowance would result in increased […]

P1.7-B building to rise this year

BACOLOD City – The P1.7-billion high-rise building of Dynamic Builders Inc. (DBI) will start construction in 2018 as no investors challenged the company’s unsolicited proposal. The building will rise inside the Provincial Administration Center (PAC) Compound. Acting Provincial Administrator Lucille Gelvolea confirmed that “nobody challenged DBI” before its deadline on Tuesday, August 14. “We will […]

Bacolod biz group junks 14th month pay

BACOLOD City – The Metro Bacolod Chamber of Commerce and Industry (MBCCI) has opposed the bill filed by Senate President Vicente Sotto III, which seeks 14th month pay for private sector workers. Frank Carbon, chief executive officer of MBCCI, said on Tuesday such requirement will cause laziness among the workers and deter business growth. What […]

SSS offers loan assistance to 3 typhoons, habagat victims

The state-run Social Security System (SSS) on Tuesday said it allocated more than P863 million for a relief assistance program, which is now available to its members and pensioners affected by the massive flooding brought by the Southwest Monsoon enhanced by typhoons Henry, Inday, and Josie last July. SSS President and Chief Executive Officer Emmanuel F. Dooc said the agency opened its […]

Ace2Ace establishes first office in Iloilo

By: Gail T. Momblan In order to bring business services closer to clients, Ace2Ace Prime Holdings Incorporated opens its first corporate office at Winston Q. Abeto, Abeto Mirasol Taft South, Mandurriao on August 8, 2018. Ace2Ace project breakthrough is divided into aspects which aim to promote economic inclusivity. Ace2Ace Prime Holdings engages in real estate and […]

Globe Telecom partners with SAP to transform business processes: Digitalization of finance processes to enable real-time decision making, support agile environ-ment

Globe Telecom recently signed a three-year deal with SAP, a German-based multinational software corporation, for business suite platform and service solutions aimed at digitalizing its finance processes, enabling real-time decision making and supporting agile environment. Through S4/HANA business suite platform, as well as Concur and Ariba Procure to Pay (P2P) service solutions, Globe will be […]

DBP funds low-cost housing project in Batangas

STATE-OWNED Development Bank of the Philippines (DBP) has signed a P95-million term loan facility with local developer RCD Land, Inc.to finance a low-cost residential project in Tuy, Batangas which is expected to benefit at least 287 families in the area, a top official said. DBP president and chief executive officer Cecilia C. Borromeo said the […]

FDI net inflows grow by 142.9% in May 2018

FOREIGN direct investments (FDI) net inflows rose more than twice in May 2018 to US$1.6 billion from US$677 million recorded last year. This reflects continued investor confidence in the Philippine economy’s strong macroeconomic fundamentals and growth prospects. All FDI components yielded higher net inflows during the month. About eighty percent of FDI net inflows were […]