Business World

MANILA, Philippines — Three former Department of Public Works and Highways (DPWH) officials face criminal tax charges after Bureau of Internal Revenue (BIR) uncovered years of unfiled tax returns, underreported income and tax liabilities amounting to more than P1.68 billion. The bureau on Thursday said the Department of Justice (DOJ) …

THE government plans to ramp up domestic borrowings in the third quarter (Q3), with the Bureau of the Treasury on Tuesday saying that it was looking to raise P1.12 trillion from T-bill and T-bond offerings. The amount is higher than the P784 billion for April-June, and Philippine Institute for Development …

PARIS — “Grand Theft Auto VI” could start breaking records months ahead of the game's November 19 release when preorders open Thursday for the long-awaited new installment in the rollicking gangster saga. On track to outsell any other cultural product this year — or in recorded history — the new …

MANILA, Philippines — Globe Telecom Inc. signed a term loan facility of P5 billion with BDO Unibank, Inc., part of which will be used to finance its capital expenditures (CAPEX); for debt refinancing and for general corporate funding requirements, according to the telco in a statement on Wednesday. Globe allocated …

NEW YORK — Video game heavyweight Valve on Monday launched a new console, dubbed the Steam Machine, that will set gamers back more than one thousand dollars due to chip prices inflated by the global AI race. The US company behind the popular Steam game marketplace and subscription platform — …

NEW YORK — The top US auto regulator opened an investigation Monday after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside. The National Highway Traffic Safety Administration said it's opening a special investigation into the Tesla …

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THE stock market could take a breather this week as investors weigh developments in the Middle East against lingering inflation pressures and a still-restrictive monetary policy environment. The Philippine Stock Exchange index (PSEi) closed Friday at 6,135.35, up 3.81 percent week-on-week, holding above its established 5,800 to 6,150 consolidation range. …

Read this in The Manila Times digital edition. GOVERNMENT infrastructure disbursements have yet to recover this year as tighter review procedures implemented in the wake of last year’s corruption scandal continue to weigh on project execution and payment processing. Data released by the Department of Budget and Management (DBM) showed …

THE Bangko Sentral ng Pilipinas (BSP) could pause its tightening cycle if inflation slows faster than expected and lower global energy costs feed through more quickly into domestic prices. This contrasts with the prevailing expectation of continued but gradual tightening as inflation pressures remain elevated and second-round effects continue to …