DoF hopes tax reform implemented before 2018
FOLLOWING President Rodrigo R. Duterte’s appeal to the Senate to pass Tax Reform for Acceleration and Inclusion (TRAIN) legislation, the Finance department said its...
Talks ongoing for joint exploration of South China Sea, Duterte says
PRESIDENT Rodrigo R. Duterte on Monday said he plans to conduct joint oil exploration with China in the South China Sea, control of which...
Infra spending pickup points to GDP growth of 6.6% in Q2
THE expansion of government spending on infrastructure will support estimates of Gross Domestic Product (GDP) growing by as much as 6.6% in the second...
Senate approves on 3rd reading free irrigation for small farmers
THE SENATE has passed on third and final reading a bill exempting small farmers from paying irrigation fees.
Senator Cynthia Villar, sponsor of Senate Bill...
BoI Cebu OK’s first application from micro/small firm
CEBU-BASED furniture maker Maison Galuchat, Inc. has secured approval for the registration with the Board of Investments (BoI) of its P9.13-million venture that seeks...
Mighty settlement deal may depend on PCC approval
THE deal to settle Mighty Corp.’s P25-billion tax liability, accompanied by a takeover of the company by JT International (Philippines), Inc., may require approval...
Accommodation, food service sales hit P332B in 2015 — PSA
THE Philippine Statistics Authority (PSA) said establishments engaged in accommodation and food service activities generated gross revenue of P332 billion in 2015.
In a report,...
That was fun; now comes the global growth slowdown
LONDON -- For all the talk of world economies rising in sync, there does not seem to be an abundance of optimism about how...
Sugarcane production approaching gov’t goal as crop season closes
SUGARCANE production towards the close of the crop season has hit 2.48 million metric tons, nearing the government’s 2.5 million target.
Preliminary data from the...
Taiwan power firm wants to invest in microgrids for remote Philippine areas, considering Batanes
CONTROLNET International, Inc., which manages 80% of Taiwan’s power grid, has expressed interest to invest in the Philippines to create “hybrid microgrids” in order...
A cry for the reform of the withholding tax system
Taxpayers are looking forward to the proposed tax reform of the Department of Finance (DoF). While the first package of the tax reform is...
Clark airport dev’t opened up to bidders
THE GOVERNMENT has started to invite parties to bid for the P12.55-billion Clark International Airport Terminal, the first project to fall under the government’s...