MANILA, Philippines — The race to become a “smart city” is on and in Asia, Manila is the worst performer. Out of 102 cities worldwide, the Philippine capital ranked 94th in the 2019 Smart City Index published Thursday by Switzerland-based IMD Business School and Singapore University of Technology and Design. In Asia, Manila lagged behind […]
Read MoreMANILA, Philippines — The government should impose up to 70 percent tariff on rice imports amid the deluge of cheap imports that continue to dampen prices of unhusked rice, according to the Philippine Chamber of Agriculture and Food Inc. The PCAFI said a tariff rate of at least 70 percent should be reasonable enough to […]
Read MoreMANILA, Philippines — Oil companies may face charges if their price adjustments are proven to be unreasonable, an energy official said Wednesday. Energy Assistant Secretary Leonido Pulido III said the decrease in the prices of gasoline and diesel to be implemented by oil firms are lacking compared to his agency’s estimates. He said the difference between […]
Read MoreMANILA, Philippines — Inflation may decline to as low as one percent in September from 1.7 percent in August with the higher oil prices due to the attacks in Saudi Arabia oil facilities as well as the impact of the African Swine Fever (ASF) outbreak seen to have minimal impact on consumer prices, according to […]
Read MoreMANILA, Philippines — PayMaya Philippines Inc., the digital financial services arm of PLDT’s Voyager Innovations, is powering the government’s lead tax collection agency to make payments more convenient by allowing tax payers to remit payments through electronic channels. The Bureau of Internal Revenue (BIR) is set to work with PayMaya to offer digital payment touchpoints […]
Read MoreMANILA, Philippines — Customers of Manila Water Company, Inc. will see higher rates on their bills to reflect recent swings in foreign exchange rates. In a disclosure to the stock exchange Monday, the Ayala-led utility company said it will have a Foreign Currency Differential Adjustment, or FCDA, of P0.69 per cubic meter effective October 13. […]
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