CTA.JUDICIARY.GOV.PH/ THE Court of Tax Appeals (CTA) has affirmed a division ruling which partially granted Philippine Geothermal Production Co., Inc.’s refund claim worth P4.24 million of its excess input value-added tax traced to zero-rated sales for the 2014 fiscal year. In a 16-page decision on Aug. 17 and made public on Aug. 26, the CTA full court said it found ...

1 of 4 By Mariedel Irish U. Catilogo, Researcher DOMESTIC financial markets may see a lukewarm performance in the remaining months of the year as major central banks around the world grapple to tame inflation. The barometer Philippine Stock Exchange index (PSEi) finished the April-June period at 6,155.43, down by 14.5% quarter on quarter from the 7,203.47 at the end ...

ROBINSONS Land Corp.’s (RLC) Bridgetowne Destination Estate will soon have a football field and sports lounge. In a statement, RLC said the Bridgetowne football field is targeted to be launched by the second quarter of 2023. The 105-meter x 650-meter football pitch will be installed with the highest-grade turf that complies with standards of the Federation Internationale de Football Association ...

Ben&Ben NINE-PIECE folk pop band Ben&Ben released their new international single, “The Ones We Once Loved,” and are preparing for their send-off concert prior to their US tour. Since the Ben&Ben’s debut in 2015, the group has amassed a total of 3.5 million listeners on Spotify. The band is composed of twin brothers Paolo Benjamin (lead vocals, acoustic guitar) and ...

THE PESO may decline further against the dollar following hawkish remarks from the US Federal Reserve chief, causing global recession worries anew. — BW FILE PHOTO THE PESO may continue to depreciate against the dollar this week after the US Federal Reserve chief said the US economy may see slower growth as they continue to raise rates to bring inflation ...

PHILIPPINE SHARES may move sideways with a downward bias this week on hawkish signals from the US Federal Reserve chief and following Wall Street’s decline on Friday. The Philippine Stock Exchange index (PSEi) went up by 46.07 points or 0.68% to close at 6,752.50 on Friday, while the broader all shares index rose by 12.17 points or 0.34% to 3,577.45. ...

PHILIPPINE STAR/ MICHAEL VARCAS By Arjay L. Balinbin, Senior Reporter TAXI OPERATORS said they are awaiting a decision from the Land Transportation Franchising and Regulatory Board (LTFRB) on their petition to increase the flag-down rate to P60 from the current P40. Jesus Manuel C. Suntay, president of the Philippine National Taxi Operators Association, said in a phone interview on Friday: ...

DAVID HELLMANN-UNSPLASH By Luisa Maria Jacinta C. Jocson, Reporter THE proposed new fiscal regime to govern the mining sector is expected to strengthen the position of responsible miners and benefit the government, which will receive a fairer share of the revenue generated by the industry, analysts said, though miners warned that investors may elect to go elsewhere as a result. ...

Solar panels are being installed on the roof of a mall. — GREEN HEAT HANDOUT PHOTO THE Department of Energy (DoE) said it has set a target of 52,826 megawatts (MW) of additional renewable energy (RE) capacity by 2040 or seven times the current level. Marissa P. Cerezo, director of the Renewable Energy Management Bureau, said at a briefing led ...

REUTERS INDUSTRIES dependent on animal feed called on the government to raise its budget allocation for raising corn output, saying corn scarcity will have a follow-on effect on meat, fish, and poultry prices. “There should be more funding for yellow corn production as it is the main ingredient for the feed of our main protein sources (such as) poultry, livestock, ...