Sewerage treatment needed for business permit renewal in Davao

The Davao City government has shown it is serious about its commitment to the environment when it made the submission of sewerage treatment plant design a requirement for the renewal of business permit. “It is necessary for the City Government of Davao to enact measures in order to promote its citizens’ health and safety and […]

GrabPay, SM join hands to bring more convenience to Filipino consumers

Grab, one of Southeast Asia’s leading online-to-offline (O2O) platforms, and SM Investments Corporation (SM), one of the leading conglomerates in the retail, banking, and property industries in the Philippines, announced today a partnership that will rapidly expand the GrabPay mobile wallet in the Philippines and drive more financial inclusion for Filipinos. The strategic partnership combines […]

Duterte approves implementation of 2nd tranche of oil excise taxes

In a Cabinet meeting Tuesday, December 4, President Rodrigo R. Duterte approved the recommendation of the economic managers to continue the implementation of the second tranche of excise taxes on petroleum products effective January 1, 2019.  The recommendation of the Development Budget Coordination Committee (DBCC), deliberated upon in a special meeting last November 29, was […]

ECONOMIC MANAGERS’ JOINT STATEMENT ON THE NOVEMBER 2018 INFLATION

The economic managers are pleased to report that inflation rate has markedly slowed to 6.0 percent in November 2018, suggesting the efficacy of anti-inflationary measures taken by the government and pointing to continuing reduction going forward.  Today, the Philippine Statistics Authority announced that year-on-year inflation eased to 6.0 percent in November from 6.7 percent in October 2018, the lowest rate since the 5.7 percent rate in July.  In fact, […]