MANILA, Philippines – The Bonifacio Global City (BGC) in Taguig is still the preferred location of business process outsourcing (BPO) firms in the country, property consultant Jones Lang LaSalle said on Wednesday.Full article
MANILA, Philippines - Malacañang on Wednesday said sanctions could be imposed on power firms that would be proven to have engaged in illegal activities that led to the increase in power rates. Full article
MANILA, Philippines - The Department of Transportation and Communications (DOTC) said all 7 bidders for the P17.5 billion Mactan-Cebu international airport expansion project have passed the technical evaluation. Full article
MANILA, Philippines (UPDATE) - The United States' Internal Revenue Service (IRS) is reportedly running after boxing champ Manny Pacquiao for failing to pay more than $18 million in income taxes, according to celebrity website TMZ. Full article
MANILA, Philippines - A proposed law seeking to increase the tax exemption cap for the 13th month pay, Christmas bonus and other benefits will lead to billions of pesos in losses for the government, according to the Bureau of Internal Revenue. Full article
MANILA - The Asian Development Bank (ADB) on Wednesday slightly raised its growth forecast for China this year and the next, aided by the impact of government reforms and better prospects for key trading partners. Full article
MANILA, Philippines - Christmas is supposed to be the happiest time of the year. For many people, however, it is also a most stressful season, not only because of the flurry of activities during this time, but with the expenses that go with these.