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Pay local taxes, telcos told
By Rey E. Requejo
Telecommunications companies are not exempt from paying franchise and business taxes imposed by local governments, according to the Supreme Court.
SL Agritech dropping hybrid seed subsidy program
By Othel V. Campos
Leading hybrid seed producer SL Agritech said it will do away with the government subsidy program in the next planting season after figuring in a recent controversy over the supply of defective seeds, company president Henry Lim said yesterday.
Aboitiz Power gets nod on P3-b bonds
By Jenniffer B. Austria
The Securities and Exchange Commission yesterday approved the P3-billion fixed rate bond offering of Aboitiz Power Corp., the power generation arm of Cebu-based conglomerate Aboitiz Equity Ventures Inc.
P340-m Medical City wellness center okayed
By Roderick T. dela Cruz
The Board of Investments yesterday said it granted fiscal incentives to a P340-million healthcare and wellness facility classified as a pioneer project.
Energy mulls over higher bio-diesel blend by end ?09
By Alena Mae S. Flores
The Energy Department may impose a higher bio-diesel blend of 3 percent by the end of the year from the current 2 percent.
Recession-proof salaries
IF you are planning a career in banking, the Zobels? Bank of the Philippine Islands seems to be a good choice in good times or bad.
Despite the bank?s net income for 2008 plunging by 35 percent, president Aurelio Montinola III and nine other top officers still expect this year to receive nearly 4.4 percent increase in their pay checks.
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