Artist perspective of Hotel101–Madrid in Valdebebas, Madrid, Spain

DoubleDragon’s Hotel101 Global completes land purchase in Madrid

DOUBLEDRAGON'S subsidiary Hotel101 Global has received all the pertinent executed land purchase documents and has made the full complete payment for the purchase of...
Bureau of the Treasury data shows that from January to September this year, subsidies received by government-owned and -controlled corporations (GOCCs) from the national government amounted to more than P130 billion. In September alone, GOCC subsidies reached P21.2 billion. PNA FILE PHOTO

Nat’l gov’t gives P137-B subsidies to GOCCs from Jan. to Sept.

THE national government's subsidies for government-owned and -controlled corporations (GOCCs) amounted to P137.1 billion in the first nine months of the year. Data from the...
The Bureau of Internal Revenue hopes to start collecting a 1-percent withholding tax from operators of online marketplaces before December 2023. E-marketplaces are digital platforms whose business is to connect online shoppers with online merchants. SIMPLYBUSINESS.CO.UK PHOTO

BIR plans online sellers tax in time for Christmas

THE government is hoping to start collecting a 1-percent withholding tax from operators of online marketplaces before December this year, as it seeks to...
Development Bank of the Philippines President and Chief Executive Officer Michael O. de Jesus (left) leads the ribbon cutting ceremony for the opening of DBP Puerto Princesa Lending Center. Also in photo are Palawan’s Gov. Victorino Dennis M. Socrates (right) and guests from client-borrowers.

DBP inaugurates lending center in Puerto Princesa City

STATE-OWNED Development Bank of the Philippines (DBP) has inaugurated its Puerto Princesa Lending Center in line with its continuing efforts to expand its development...
Motorcycle riders line up to refuel at Petron gas station in Mali-ao, Pavia, Iloilo. PN PHOTO

Diesel, kerosene prices drop anew

DIESEL and kerosene prices are set to drop while gasoline prices will increase ahead of the All Saints' Day and All Souls’ Day break. Effective...
The Department of Energy seeks to serve an additional 698,232 households, 7,307 of which will have electricity access through microgrid systems, in 2024. Photo shows a residential area in Baesa, Quezon City. MARIA TAN, ABS-CBN NEWS/FILE PHOTO

Microgrid systems to boost electrification

MORE than 15,000 households in remote areas are expected to benefit from the government’s first competitive bidding for the development of microgrid systems scheduled...
The Credit Card Association of the Philippines expects more Filipinos to keep using their credit cards, even as the prices of goods rise. JACOBLUND/iSTOCK PHOTO

Credit card issuers see no rise in defaults

CREDIT card issuers in the Philippines are not worried about a possible rise in defaults despite higher borrowing costs, the Credit Card Association of...
AZCONA. PHOTO COURTESY OF @JERVISMANAHAN/ABS-CBN NEWS

Sugar farmers welcome probe on sugar price slump

A GROUP of sugarcane farmers said they support the probe announced by the Sugar Regulatory Administration (SRA) on the low farmgate prices of the...
A United Airlines flight from San Francisco arrives in Manila on Monday, Oct. 30, marking the first direct flight of a US flag carrier between the Philippines and mainland United States. JEKKI PASCUAL/ABS-CBN NEWS PHOTO

More US airlines may fly to Manila – envoy

THERE could be more American carriers flying to Manila, U.S. Ambassador to the Philippines MaryKay Carlson revealed yesterday after the inaugural United Airlines' direct...

GCash, Metrobank Foundation honor outstanding Filipinos

In line with its advocacy to promote nation-building through financial technology, GCash, the country’s no. 1 finance super app, paid tribute to the distinguished...