DICT says use of TransCo fiber sets ‘precedent’ for 3rd player
COMPANIES vying to be the “third player” can consider using National Transmission Corp.’s (TransCo) fiber network to reduce costs in building network infrastructure, the...
WTO notes limited opening of agri, telecom sectors
THE World Trade Organization (WTO) noted that the Philippine government has liberalized some sectors like professional services, but other areas of the economy have...
Senator questions ERC’s market share caps for power generators
A SENATOR with oversight over the power sector said caps set by the Energy Regulatory Commission (ERC) on market share based on installed capacity...
DoF seeking data exchange with major trading partners
THE DEPARTMENT of Finance (DoF) said it hopes to share information with major trading partners in order to get a better indication of the...
Withholding taxes made easier?
By Kristine Mae P. Villegas
We are about to enter the fourth month of implementation of the TRAIN law and, to this day, taxpayers still have questions about withholding...
Credit rating a factor in corporate tax cuts — DoF
PRESERVING the Philippines’ credit rating will be a consideration when cutting corporate tax rates in the second round of tax reform, with the elimination...
US spending bill reauthorizes GSP
THE signing of the US Omnibus Spending Bill on March 23 provided continued authorization for that country’s Generalized System of Preferences (GSP), benefiting Philippine...
Gov’t to tout reforms, building program in 5th WTO review
THE government expects to highlight progress in economic reforms as well as its aggressive infrastructure program when the World Trade Organization (WTO) conducts its...
US sees trade deals shoring up Asian strategy
THE United States views trade deals to be critical to its overall strategy in the Asia-Pacific, and considers the Philippines to be among the...
Tax Appeals Court rules against firm in condominium deposits case
THE Court of Tax Appeals (CTA), sitting en banc, upheld on Wednesday a P559-million tax collection ruling by the Bureau of Internal Revenue (BIR)...
Senate, House reconcile electric cooperative resiliency bills
THE SENATE and the House of Representatives have reconciled their versions of proposed legislation that will allocate state funding for emergency and resiliency initiatives...
GOCC subsidies decline 27% in January; NIA gets P426 million
SUBSIDIES for government-owned and -controlled corporations (GOCCs) declined 27.17% in January, the Bureau of the Treasury (BTr) said.
The government’s cash operations report for January...