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Louella Desiderio
Louella Desiderio
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PEZA open to making GIE incentive time-bound at higher rate
by Louella Desiderio - October 22, 2018 - 12:00am
The Philippine Economic Zone Authority (PEZA) is open to making the five percent gross income earned (GIE) incentive enjoyed by locators time-bound, if the rate will be raised to seven percent.
NPC seeks Facebook report, insurance over data breach
by Louella Desiderio - October 19, 2018 - 12:00am
The National Privacy Commission (NPC) has ordered Facebook to submit a data breach notification report and provide identity theft and phishing insurance to the 755,973 affected users of the social networking site...
Investment pledges rise 19% in 9 months
by Louella Desiderio - October 19, 2018 - 12:00am
Project approvals by the Board of Investments (BOI) rose 19 percent in the nine months to September this year mainly due to big-ticket ventures in the power and manufacturing sectors, the country’s top trade...
Former PEZA chief warns vs changes in ecozone perks
by Louella Desiderio - October 18, 2018 - 12:00am
Former Philippine Economic Zone Authority (PEZA) chief Lilia de Lima yesterday said the removal of the five percent gross income earned incentive given to ecozone investors under the government’s tax reform...
PCC fines Grab, Uber P16 million for merger violations
by Louella Desiderio - October 18, 2018 - 12:00am
The Philippine Competition Commission has imposed a fine of P16 million on ride-hail service apps Grab and Uber for violations on interim measures such as maintaining separate business operations and deferment of...
Global competitiveness report: Philippines ranks 56th
by Louella Desiderio - October 17, 2018 - 6:00am
The Philippines ranked 56th out of 140 countries in the latest Global Competitiveness Report of the World Economic Forum.
US-based IT support firm expands in BGC
by Louella Desiderio - October 17, 2018 - 12:00am
US-based Information technology services and technology support firm CSS Corp. is expanding its presence in the country as it opens a new facility in Bonifacio Global City (BGC).
Hyundai investing P1.2 billion to expand Philippine dealership
by Louella Desiderio - October 17, 2018 - 12:00am
The official distributor of Hyundai vehicles in the country is investing P1.2 billion this year until 2020 to expand its dealership and grow its commercial vehicle business.
DTI imposes SRP on noche buena items
by Louella Desiderio - October 17, 2018 - 12:00am
The Department of Trade and Industry has released the suggested retail price for Noche Buena products to allow consumers to plan their purchases for the Christmas season.
CEZA revenues hit record high in nine months
by Louella Desiderio - October 16, 2018 - 12:00am
The Cagayan Economic Zone Authority generated record high revenues of P518.30 million in the nine months to September this year amid robust collections from overseas virtual currency exchanges and blockchain fi...
Toyota offers easy vehicle ownership to Grab drivers
by Louella Desiderio - October 16, 2018 - 12:00am
Toyota Motor Philippines Corp. (TMPC) has partnered with Grab for a program covering car replacement and easy vehicle ownership for drivers of the ride-hailing service.
Fujifilm sees 125% surge in 2018 revenues
by Louella Desiderio - October 15, 2018 - 12:00am
Fujifilm Philippines Inc. is projecting revenues to surge by 125 percent this year from a year ago as it anticipates strong demand for its digital cameras and medical systems products.
C-5 Mansion inks deal with Novel Residence for Aspen Hotel
by Louella Desiderio - October 15, 2018 - 12:00am
Property developer C-5 Mansions Development Corp. has entered into an agreement with Novel Residential Concepts Inc. for the sale and long-term lease arrangement for the new Aspen Hotel project within the Ridgewood...
Mimaropa trade fair seen to yield P50-M sales
by Louella Desiderio - October 14, 2018 - 12:00am
The Department of Trade and Industry (DTI) expects micro, small and medium enterprises (MSME) participating in the upcoming MIMAROPA (Occidental Mindoro, Oriental Mindoro, Marinduque, Romblon and Palawan) Naturally...
DTI boosts P3 funding for MSMEs by P100 M
by Louella Desiderio - October 14, 2018 - 12:00am
The Department of Trade and Industry (DTI) added another P100 million loan fund for micro, small and medium enterprises (MSMEs) under the Pondo sa Pagbabago at Pag-asenso (P3) program.
PEZA seeks Palace dialogue on ecozone incentives reform
by Louella Desiderio - October 13, 2018 - 12:00am
The Philippine Economic Zone Authority (PEZA) is seeking a dialogue with President Duterte in its bid to keep the current incentives regime for investors and not to proceed with the second package of the government’s...
Philippines firms in automotive sector attract interest in Germany trade fair
by Louella Desiderio - October 13, 2018 - 12:00am
Over 100 buyers and investors have expressed interest to work with Philippine companies engaged in the automotive sector during the recent Automechanika trade fair for the automotive service industry held in Ge...
Vehicle sales slow by 14% in 9 months
by Louella Desiderio - October 13, 2018 - 12:00am
Combined sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) declined 14 percent in the nine months to September this year from a year...
McDonald’s allots P3 billion in 2019 for expansion, NXTGEN stores
by Louella Desiderio - October 12, 2018 - 12:00am
Golden Arches Development Corp., the master franchisor of the McDonald’s chain in the Philippines, is earmarking P3 billion next year to convert McDonald’s outlets into so-called NXTGEN stores and for...
PCC taps independent auditor for Grab compliance
by Louella Desiderio - October 12, 2018 - 12:00am
The Philippine Competition Commission (PCC) has appointed Smith & Williamson to serve as the independent third party firm to track and audit for 12 months Grab Philippines’ compliance with the antitrust body’s...
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