DMCI restores power supply to Masbate
DMCI Masbate Corp. has agreed to temporarily restore its power supply with Masbate’s electric cooperative as the two discuss ways to resolve the distribution...
Central bank bolsters finance sector against hacking, cybercrime
Oxford Business Group
THE CENTRAL BANK has stepped up efforts to protect the banking industry from hacking and theft by approving a series of new...
Hope in pending VAT claims
Let’s Talk Tax -- By Wendell D. Ganhinhin
It is usual in the Philippines that the same tax law provision has been interpreted...
Consumer group wants smuggling law expanded
CC) says that the law classifying large-scale smuggling of agriculture products as economic sabotage should be extended to other products to ensure consumer protection.
Following...
Energy department suspends Mindanao spot market consultation on proposed rules
THE Department of Energy (DoE) has put on hold the acceptance of comments for the draft rules covering the launch of a wholesale electricity...
Calamity budget deemed inadequate
A BUDGET of P750 million may be “tight” for electric cooperatives seeking to restore services after calamities given the magnitude of the recent typhoons...
Bird flu import ban seen boosting poultry industry
DAVAO CITY -- Import bans on poultry products including dressed and deboned chicken, duck and eggs, following outbreaks of bird flu in Europe and...
ECCP ‘encouraged’ by IPP draft
THE European Chamber of Commerce of the Philippines (ECCP) said that the new Investment Priorities Plan (IPP) will help address certain “pressing issues” on...
DA says 2-tier tax will bring hardship to tobacco industry
AGRICULTURE Secretary Emmanuel F. Piñol said legislation to impose a two-tiered tax system on cigarettes will bring hardship to tobacco farmers who are still...
DoF tax reform package too aggressive — Angara
THE Senate committee on ways and means will seek to temper the first tax reform package of the Department of Finance (DoF), with the...
Italy in push to boost ASEAN trade
ITALIAN DIPLOMATS in Southeast Asia have been given a directive by their Ministry of Foreign Affairs and International Cooperation, known as Farnesina after its...
Understanding VAT refunds
(Third of three parts)
In the second part of this series, we discussed some pointers that companies may wish to consider before filing an application...