Summer is here! As the school break starts, everyone is excited to plan where to spend their holidays. But before gearing up for the vacation, corporate taxpayers adopting calendar taxable year and individual taxpayers can’t think of enjoying summer yet until the April 15 annual income tax return (ITR) deadline passes.

THE Metropolitan Waterworks and Sewerage System (MWSS) expects to meet before Easter with the proponents of a project to tap Wawa Dam in Rizal to help clear legal hurdles for the potential water source.

THE feasibility study for the Quezon-Bicol Expressway (QBEx) is now expected to be submitted in the third quarter to the National Economic and Development Authority (NEDA).

THE Department of Labor and Employment will soon sign an agreement with Thailand for the deployment of English teachers.

THE Court of Tax Appeals (CTA) canceled the P218.9-million tax deficiency assessed on Standard Insurance Co., Inc. for 2001, ruling that the maximum allowed period for collecting the tax has lapsed.

THE Philippines is now preferred to Vietnam as an area of potential expansion by Australian businesses, according to a recent survey by the Australia-ASEAN (Association of Southeast Asian Nations) Chamber of Commerce.

THE Department of Transportation (DoTr) said it is moving forward with its plans to develop the Danilo Atienza Air Base in Sangley Point, Cavite amid plans to have the airfield ready for general aviation within the year.

DAVAO CITY -- Davao Region and other parts of Mindanao stand to benefit from expanded trade as outlined by the inaugural Joint Commission on Economic Cooperation (JCEC) between Hungary and the Philippines, particularly in terms of investment promotion, manufacturing, information and communications technology (ICT), education, culture, tourism and sports.

Every two years, the Entrepreneur Of The Year (EOY) Philippines program stages a road show to announce the start of the nomination period for entrepreneurship awards. In our recent road shows in Cebu and Davao, the local reporters were curious to know our observations on entrepreneurship in the country since we launched the awards in 2003. This was a good point to reflect on after 16 years of celebrating the best among Filipino entrepreneurs.

GROSS international reserves (GIR) rose further in March for the fifth straight month, the central bank said on Friday, enjoying a boost from higher dollar deposits and income from offshore investments.

THE GOVERNMENT has finally issued the implementing rules and regulations (IRR) for the Rice Tariffication Act, which President Rodrigo R. Duterte signed into law in February.

THE BANGKO SENTRAL ng Pilipinas (BSP) has forged agreements with the central banks of Indonesia, Malaysia and Thailand as they look to set up direct settlement systems across currencies.