Nissan closing its Philippine car assembly plant, DTI says

MANILA, Jan 22 (Mabuhay) — Japanese carmaker Nissan is ceasing its assembly operations in the Philippines due to weaker sales amid the global economic downturn caused by the COVID-19 pandemic, the Department of Trade and Industry (DTI) said Thursday. In a statement, the DTI...

Senate OKs CREATE bill on third and final reading

MANILA, Nov 26 (Mabuhay) — Voting 20-1, the Senate on Thursday approved on third and final reading the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, an urgent measure being lobbied for by the Duterte administration’s economic managers amid the...