CEBU will host two major aviation-industry events next year which officials said will help promote its status as a international gateway.

MANDALUYONG CITY’S locally-generated revenue -- a measure of its fiscal independence -- declined 25.25% in 2017 to P3.90 billion, the sharpest fall among the Metro Manila’s municipalities, the Bureau of Local Government Finance (BLGF) said.

The Bureau of Internal Revenue (BIR) recently issued an advisory informing taxpayers that the Large Taxpayers Service and Assessment Service will continue to receive and process applications for Value Added Tax (VAT) zero rating on the sales of goods and services by suppliers of Registered Business Entities (RBEs), who were granted incentives by Investment Promotion Agencies (IPAs) under special laws. The said advisory also informed the taxpaying public that they need to follow the existing guidelines and procedures for these applications to be processed, which refer to Revenue Memorandum Order (RMO) No.7-2006 issued in 2006.

THE North Luzon Expressway (NLEx) Harbor Link Segment 10 mainline is slated to open in December after the Department of Public Works and Highways (DPWH) successfully completed the delivery of right-of-way for the alignment of the toll road.

DIVIDENDS from state-run firms reached P34.15 billion as of September and appear headed for a fresh banner year, the Department of Finance (DoF) said on Friday.

THE Sugar Regulatory Administration (SRA) said on Friday the farm-gate price of sugar fell 18% this month to P1,634.58 per 50 kilograms from P2,003.60 in July.

THE National Food Authority (NFA) awarded only three rice import contracts on Thursday accounting for 47,000 metric tons (MT), a small fraction of the 250,000 MT it was authorized to order, as most of the 14 bidders made offers far above the agency’s reference price.

PROPOSED projects registered with the Board of Investments (BoI) were up 19% in the first nine months, led by energy projects, Trade Secretary and BoI Chairman Ramon M. Lopez said in a statement on Thursday.

THE GOVERNMENT will continue with its plan to suspend the scheduled increase in the fuel excise tax in 2019, the Department of Finance (DoF) said, although volatility in the oil futures market is strengthening the hand of officials who want the tax increase to go ahead.

THE Department of Finance (DoF) said profitable companies availed of tax incentives worth P86.3 billion in 2015 while smaller companies paid the full 30% corporate income tax, as the department built its case for rationalizing incentives as proposed in pending legislation.

SCIENTIFIC proficiency at the local government unit (LGU) level is required to help them deal with climate change, an academic said.

DAVAO CITY -- The governments of Hungary and the Philippines will hold the first meeting of their Joint Economic Committee (JEC) in the first half of 2019, according to Hungarian Deputy Chief of Mission David Ambrus.