MANILA, Philippines — GCash operator Mynt Inc.’s early stock market slump has made its shares more attractive, but stronger earnings could be needed to drive a recovery, according to COL Financial chief equity strategist April Lee-Tan. Tan said the company’s fundamentals remained strong despite the pullback, pointing to COL’s P8-per-share target price in its initiating coverage
MANILA, Philippines — The country’s economic zone in Casiguran, Aurora, is seeking to attract Canadian investments in critical infrastructure, clean energy and defense manufacturing, capitalizing on opportunities under Ottawa’s P105-billion Indo-Pacific program. The Aurora Pacific Economic Zone and Freeport Authority (Apeco) is pitching these opportunities to Canadian businesses through investment roadshows in Montreal and Calgary this
MANILA, Philippines — Even if the Philippines succeeds in attracting some of the world’s biggest technology companies to its Pax Silica hub, the United States-backed project may not necessarily move the country into higher-value segments of the semiconductor industry, according to a University of the Philippines (UP) study. The government has identified Apple, Nvidia, Taiwan Semiconductor
MANILA, Philippines — The Department of Energy (DOE) is prepared to fight to keep the asset-surrender provision, as the Consunji Group floated the possibility of challenging the rule in court. “Yes, we are,” Energy Secretary Sharon Garin told reporters recently when asked about the agency’s readiness to defend its joint administrative order with the Department of
MANILA, Philippines — The Department of Finance (DOF) is studying the possible removal of the tax exemption on imported packages worth less than P10,000, known as the “de minimis” rule, as the government seeks to plug revenue losses and level the playing field for local manufacturers. Finance Undersecretary Karlo Fermin Adriano told reporters that the exemption
MANILA, Philippines — If the government wants Filipinos to consume less sugar, why tax beverages by the liter rather than by how much sugar they contain? This is the question policymakers should answer before raising the sweetened beverage (SB) tax under the proposed Promoting Growth, Revenue, and Equity towards Socio-Economic Sustainability (Progress) bill by 233 percent.
Home minister says no commitment made to extradite controversial preacher.
The decision represents another defeat for Trump as his fellow Republicans fight to retain control of Congress in the November 3 midterms. California is the most populous US state and a Democratic stronghold.
'Our doctors paid worse than the night shift security guard in Singapore.'
Members of a North Korean state-sponsored unit known as TraderTraitor were responsible, said the FBI