Business

President Aquino approves proposed higher tax exemption for bonuses

President Aquino approved the proposal for a higher exemption on the taxation of bonuses, raising said exemption up to 82,…

Congress to pass law for lower income tax rates

The House Committee on Ways and Means plans to pass a law for lower income tax rates in March. [youtube…

Increase of collected taxes in QC in 1st qtr of 2015

Collected business taxes in the first quarter of 2015 by the Quezon City government are hauling in up to 7.75…

Oil price hike starts

After a series of price rollback, oil companies start implementing an increase on oil price due to the higher rate…

Ex-IMF head Strauss-Kahn testifies in French sex ring trial

(Reuters) - Dominique Strauss-Kahn, the former IMF chief who was tipped to become French president before being accused of sexual…

South African businesses suffer under rolling power cuts

South Africa's cash-strapped state-run power company Eskom said on Thursday (February 5), it's again implementing rolling blackouts after losing power…

Low oil prices hit BP profits

Shell, Exonn and now BP - all have been hurt by low oil prices. The UK giant's underlying profits in…

Shell to lower diesel price by 30 centavos

Shell will implement a rollback on the price of diesel this midnight. Said rollback is pegged at 30 centavos per…

Expect diesel rollback this week

Consumers should expect a roll back on diesel prices this week. Said rollback is expected to be around 20 -…

Oil surges 8% as U.S. rig count plunges, shorts scramble

(Reuters) - Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly…

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