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DOE: Oil firms agree to implement fuel price hike on staggered basis

Manila, June 23 -- Oil firms agreed to the government's request to implement on a staggered basis the fuel price adjustments for this week, the Department of Energy (DOE) said on Monday. In a stateme... Read More


More medicines now VAT-exempt

Manila, June 23 -- The Bureau of Internal Revenue (BIR) said 10 more medicines for cancer, high cholesterol, hypertension, and mental illness are now exempted from value-added tax (VAT). In a stateme... Read More


PAGCOR gives P100M for Ilocos Norte Sports Institute & Research

Manila, June 23 -- State-owned Philippine Amusement and Gaming Corporation (PAGCOR) awarded a PHP100-million grant to the provincial government of Ilocos Norte, for the construction of a sports and re... Read More


Mixed results mark T-bills auction

Manila, June 23 -- Results were mixed during the Treasury bills (T-bills) auction on Monday as the Auction Committee decided to fully award bids for the 181- and 364-day T-bills while partially awardi... Read More


DTI begins full enforcement of e-commerce law, liability rules

Manila, June 23 -- The Department of Trade and Industry (DTI) said the Internet Transactions Act of 2023 (ITA) is now in full effect following the end of its transitory period on June 20, making stric... Read More


Stocks down, peso depreciates amid Middle East tension

Manila, June 23 -- Local shares fell on Monday amid the continued tensions between Israel and Iran, while the peso also weakened. The Philippine Stock Exchange index (PSEi) fell 1.92 percent to 6,218... Read More


Oil firms to hike fuel prices on June 24, 26

Manila, June 23 -- Oil firms on Monday announced staggered price hikes on fuel products this week. In separate advisories, Seaoil, Shell, and Caltex said they will implement the first round of price ... Read More


Estate tax amnesty deadline moved to June 16, says BIR

Manila, June 12 -- The Bureau of Internal Revenue (BIR) issued a tax advisory extending the period to avail the estate tax amnesty law to June 16 from June 14. "This is to remind all concerned taxpay... Read More


PAGCOR donates P16-M worth of patient transport vehicles to 8 LGUs

Manila, June 12 -- The Philippine Amusement and Gaming Corporation (PAGCOR) has turned over patient transport vehicles (PTVs) worth PHP16.20 million to eight local government units (LGUs) in Luzon. I... Read More


PEZA inks pact with LIMA Infrastructure for enhanced investor service

Manila, June 10 -- The Philippine Economic Zone Authority (PEZA) signed an agreement with LIMA Infrastructure Inc. as its latest Investment Promotion Partner (IPP). In a statement Tuesday, PEZA said ... Read More