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State-run Government Service Insurance System (GSIS) is planning to invest $800 million overseas to diversify its investments and take advantage of good returns.

The Bureau of Internal Revenue (BIR) expects to generate P52.13 billion in additional revenue this year from the collection of 2018.

The Philippine stock market posted gains in early trade along with the rise in Asian stocks but eventually pulled back by the close of trading.


California is apparently Ground Zero of a flu epidemic that has been filling up hospital emergency rooms over the past two weeks.

In connection with the hearings being conducted by the Senate Committee on Constitutional Amendments and Revision of Codes, I have been asked for my views on the proposed amendments to the 1987 Constitution.

A few days after President Duterte signed the first tax reform package into law, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 105-2017 to prescribe the withholding tax rates on compensation that shall apply beginning Jan. 1.

Just recently, Philippine Telegraph & Telephone Corp (PT&T) revealed that it is in an advanced stage of partnership discussions with a South Korean telecommunications company.

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The Bangko Sentral ng Pilipinas (BSP) recently approved the adoption of a minimum leverage ratio requirement for universal banks (UBs), commercial banks (KBs) and their subsidiary banks, and quasi-banks (QBs) beginning July 1.

The Asian Development Bank (ADB) has started to mobilize funds for the rehabilitation of war-torn Marawi City, its president said.

The government’s inter-agency task force on ease of doing business is ramping up efforts and speeding up reforms to improve the country’s competitiveness and remove bureaucratic red tape.

The Bangko Sentral ng Pilipinas (BSP) recently acknowledged the Philippine Payments Management Inc. (PPMI) as a partner in implementing the National Retail Payment System (NRPS), paving the way for the establishment of a more accessible and competitive financial system.

The Department of Environment and Natural Resources (DENR) met with mining companies to thresh out issues affecting the sector.

The Tourism Promotions Board (TPB) plans to join more travel trade fairs, particularly in new international destinations, in line with efforts to promote the Philippines as a tourist destination.

Nearly 5,500 megawatts (MW) of contracts need immediate regulatory action amid the ongoing crisis in the Energy Regulatory Commission (ERC), its chairperson said yesterday.

The Philippine Crop Insurance Corp. paid out P1.9 billion in insurance indemnities to farmers and fisherfolks last year, 24 percent higher than the P1.5 billion disbursed in 2016.

State-owned Development Bank of the Philippines (DBP) will ramp up its lending activities for social services that cover health care, education, housing, and community development this year, a top official said.

Cebu Landmasters Inc. (CLI) has lined up around 20 projects this year including more hotels.


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