Stock of assorted wines and liquors displayed at the bar in Greenbelt 3 Makato City Photo by THEPHILBIZNEWS Staff

Tax hikes to hurt gov’t revenue on lower consumption

By Joann Villanueva The Distilled Spirits Association of the Philippines (DSAP) on Wednesday said while it supports the proposed new tax rates for distilled spirits, the measure may be detrimental…

Preparing the time capsule at the ceremonial groundbreaking for the Subic Freeport Expressway Expansion Project are (from left) Zambales Board Member Reinhard Jeresano, Hermosa Mayor Antonio Joseph Inton, NLEX Corporation President and General Manager J. Luigi L. Bautista, and Subic Bay Metropolitan Authority Chairman and Administrator Wilma T. Eisma. (Photo by Jason Joshua Garcia/THEPHILBIZNEWS)

NLEX starts SFEX capacity expansion project

The Philippine Business and News
September 16, 2019
Construction / Latest News / Tourism / Travel and Tours
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By Jason Joshua Garcia SUBIC BAY FREEPORT ZONE – An expansion project of the 8.2-kilometer Subic Freeport Expressway (SFEX) is underway as the North Luzon Expressway (NLEX) Corporation broke ground…

The Asian Development Bank headquarters in Manila. (Photo file/THEPHILBINEWS)

ADB to apply new Corporate Results Framework aimed at achieving goals

The Asian Development Bank (ADB) approved recently a new corporate results framework (CRF) to better assess its performance in achieving a more prosperous, inclusive, resilient, and sustainable Asia and the…

An oil facility in Saudi Arabia is on fire in this footage taken by Reuters and shown on CNN. At right is a file photo DFA Secretary Teodoro Locsin Jr. (Screengrab by THEPHILBIZNEWS courtesy of Reuters via CNN/Photo courtesy of PNA)

Shocking drone attacks on Saudi oil facilities to spike world prices; PH to be deeply affected – Locsin

By THEPHILBIZNEWS STAFF Shocking drone attacks on Saturday, September 14, that set a Saudi Arabian oil field and processing facility ablaze have shut half of production in the oil-rich kingdom,…

Workers enter and exit the Subic Bay Freeport main gate during the rush hour earlier this week. (Photo by Jason Joshua Garcia)

5 months after Hanjin closes, Subic workforce bounces back to 135,000

By Jason Joshua Garcia SUBIC BAY FREEPORT – Despite the closure of the Hanjin shipyard last January, this premier Freeport is still showing strength in terms of employment, bouncing back…

Holding up their shovels as they lead the groundbreaking ceremony at the site of the 100-million-liter oil depot project in Barangay Simlong, Batangas City last August 30 are Ceasar Wongchuking (foreground), director of Wongchuking Properties; Batangas City Mayor Beverly Rose Dimacuha (in checkered blouse), and 5th District Representative Marvey Mariño. (Photo courtesy of Batangas City PIO)

Wongchuking to build 100-million-liter oil depot terminal in Batangas City

The Philippine Business and News
September 14, 2019
Construction / Latest News / Oil, Fuel and Energy
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By Maharlika Manalo A 100-million-liter oil depot terminal with a state-of-the-art facility will soon to rise in Batangas City under the enterprise of Wongchuking Properties. The city’s Public Information Officer…

The panel discussion at the ‘Czech Connect’ conference features representatives of Czech companies Kentico Software, YSoft, Avast Software by Kaizen Internetworking, FlowmonNetworks, and Adastra Business Consulting. Moderating the discussion is Mr. Teddy Sumulong of Computrade Technology. (Photo courtesy of the Embassy of the Czech Republic)

Czech tech firms connect with PH IT sector

The Czech Embassy in Manila hosted its first Information Technology Conference, dubbed as “Czech Connect 2019: Bridging the Czech and Philippine IT Sector,” in the country last Thursday, September 11,…

DOF Secretary Carlos G. Dominguez (Photo courtesy of DOF)

Dominguez raises need for SSS to hike income

By Joann Villanueva Finance Secretary Carlos Dominguez III has underscored the need for state-run Social Security System (SSS) to “dramatically increase income” to lengthen its fund life and efficiently cater to its…

Graphics courtesy of BOI

Investments reach P609 B as of August, up 126% — BOI

By Monsi A. Serrano Total investments approved by the Philippine Board of Investments (BOI) reached P609.04 billion by the end of August 2019, more than double (126.1 percent) the amount…

Lower generation costs as a result of three of the best deals ever made by Meralco with new power suppliers promises savings for consumers. (Photo by NCB/THEPHILBIZNEWS)

Meralco’s new power supply deals promise cheaper electricity

By Marimar F. Guevarra The Manila Electric Company (Meralco) is eyeing new power supply agreements with its winning suppliers that could help ease the cost of electricity, it was learned…