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Telcos ordered to allow mobile phone unlocking

TELECOMMUNICATION COMPANIES are now required to allow customers to unlock mobile phones starting this month, as the National Telecommunications Commission (NTC) released last week rules and regulations on this matter.

Jollibee acquiring Coffee Bean & Tea Leaf

HOMEGROWN food giant Jollibee Foods Corp. (JFC) is embarking on its largest acquisition to-date with a $350-million deal to acquire California-based firm The Coffee Bean & Tea Leaf (CBTL).

Developers told to register with AMLC

REAL ESTATE developers and brokers as well as Philippine offshore gaming operators (POGOs) and service providers are required to register with the electronic reporting system of the Anti-Money Laundering Council (AMLC) by mid-March.

Converge makes market debut amid pandemic

CONVERGE ICT Solutions, Inc. is set to debut on the  local stock market today (Oct. 26), with the fiber internet provider only the second company to conduct an initial public offering (IPO) this year amid the pandemic.

Business tycoon John L. Gokongwei, Jr., 93

BUSINESS TYCOON John L. Gokongwei, Jr., founder and chairman emeritus of listed conglomerate JG Summit Holdings, Inc. and two of its listed units, passed away on Saturday. He was 93.

Makati seen to lag in recovery of rent, residential prices

RENTS and residential prices in the Philippines are expected to start recovering by 2021, except in Makati City which may continue to see a decline for a longer period, a recent survey of real estate agents found.

Duterte inclined to extend Luzon lockdown

President Rodrigo R. Duterte on Monday evening said he is inclined to extend the enhanced community quarantine (ECQ) in Luzon until April 30. "We have...

A glimpse of the beginnings of a growing empire

DAVAO CITY -- Dennis A. Uy’s Udenna Group of Companies has pending proposals for two major infrastructure projects in Davao City: a P30-billion monorail that already has a stamp for Original Proponent Status from the Department of Transportation, and the development and management of the Davao International Airport under an unsolicited 30-year private-public partnership contract.

House panel extends estate tax amnesty by two years

THE House Ways and Means Committee approved on Monday a measure extending the estate tax amnesty program by another two years, in light of the ongoing coronavirus pandemic.

Quezon City kicks off 2019 with tax relief

THE QUEZON CITY government kicked off the new year by announcing relief for real property and business tax payers.

Tax bureau clarifies property valuation

THE BUREAU of Internal Revenue (BIR) recently amended rules on the valuation of real property gifts for the computation of the donor’s tax in order to ease compliance.

Macau’s Galaxy Entertainment plans up to $500-M casino resort in Boracay

Macau casino operator Galaxy Entertainment Group Ltd 0027.HK plans to invest as much as $500 million to build an integrated casino-resort in the Philippines,...
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