VAT accounts for 62.9% of first-half Customs revenue
VALUE-ADDED TAX (VAT) accounted for 62.9% of Customs revenue in the first half, led by collections generated by non-oil imports, the Development Budget Coordination...
Spanish firms being considered for infra, port projects in Casiguran economic zone
THE Aurora Pacific Economic Zone and Freeport Authority (APECO) said it is exploring potential partnerships with Spain’s IDOM Consulting, Engineering, Architecture S.A.U. and Fira...
Emirates recruiting PHL aircraft maintainers
EMIRATES GROUP, the Dubai-based airline, said it is recruiting aircraft engineers and technicians in the Philippines.
“Our engineers enjoy a rewarding career in Dubai, working...
Farmers say P20/kilo a fair price for palay
RICE FARMERS from Central Luzon said the government is not doing enough to raise the price of palay (unmilled rice), and called P20 per...
Motorcycle sales up 11.8% in first 8 months
MOTORCYCLE SALES hit 1.23 million units in the first eight months, up 11.8% from a year earlier, the Motorcycle Development Program Participants Association, Inc....
Rice import suspension, tariff hike called harmful to PHL’s poorest 30%
THE Foundation for Economic Freedom (FEF) said the proposals put forward by the Department of Agriculture (DA) to address weak prices of palay (unmilled...
Shift to 10% VAT could signal more borrowing, taxes Metrobank says
THE GOVERNMENT could raise borrowing and other taxes to offset billions in foregone revenue should it decide to reduce value-added tax (VAT) to 10%...
Redevelopment deal signed for John Hay Mile Hi complex
THE Bases Conversion and Development Authority (BCDA) said it tapped the consortium of the Istana Development Corp. (IDC) and Meridian Commercial Centers, Inc. (MCCI) to...
Sept. WESM rates decline on higher supply margins
THE average electricity price on the spot market fell in September due to a higher supply margin, according to the Independent Electricity Market Operator...
US shutdown impact on PHL to be ‘mild’
THE US government shutdown is “nothing new,” and can result in some disruption to the Philippine economy, analysts said.
“A US government shutdown could mildly...
‘Dinosaur egg’ artisanal salt wins GI mark
THE Intellectual Property Office of the Philippines (IPOPHL) said it approved the registration of Bohol’s Alburquerque Asin Tibuok as a geographical indication (GI), which...
Fil-Chinese chamber backs Customs rules vs conflicts of interest
THE Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) expressed support for new conflict-of-interest rules imposed on Bureau of Customs personnel, saying...