FIRB approves incentives for P10-B Davao cement project
THE Fiscal Incentives Review Board (FIRB) has approved tax incentives for a P10-billion cement manufacturing project in Davao del Sur set to supply infrastructure projects in Mindanao, the Department of Finance (DoF) said.
Manufacturer of essential oils approved for incentives by BoI
THE Board of Investments (BoI) has approved the registration for incentives of Iba Botanicals, Inc., an exporter of pure essential oils.
COVID-19 was No. 3 cause of death in 10 months to October
CORONAVIRUS DISEASE 2019 (COVID-19) was the third-leading causes of death in the Philippines in the 10 months to October, according to preliminary data from the Philippine Statistics Authority (PSA).
Foreign business groups press Congress to pass long-delayed transport law
FOREIGN BUSINESS groups on Monday called on legislators to complete the ratification of a measure creating the Philippine Transportation Safety Board (PTSB), which has been reported out by the Bicameral Conference Committee tasked with reconciling the Senate and House bills.
House approves film, events industry recovery bill on third reading
LEGISLATORS approved a House Bill on third reading on Monday that would aid the film and events industries in recovering from pandemic losses estimated at P21 billion.
Lighter burden from beneficial tax issuances
By John Alexis S. B. Sumulong
The recent surge in the number of COVID-19 cases in Metro Manila and surrounding areas adds to everyone’s anxieties during this challenging time. Perhaps, for a change of pace, some more positive developments can lighten the mood, particularly for taxpayers who have a lot on their plate.
Senate probe looms over decision to reverse open-pit mining ban
A SENATOR on Sunday said she will seek an inquiry into the government’s decision to lift a four-year ban on open-pit mining, citing the threat to the communities near mines as well as to the environment.
GOCCs expected to tap internal resources for salary hikes
FUNDING for increased salaries designed to make hiring more competitive at government-owned and -controlled corporations (GOCCs) will be sourced from the companies’ operating budgets, the Secretary of Finance said.
DoE sees possible yellow alerts on Visayas grid
YELLOW ALERTS on the Visayas grid are possible due to thinning reserves, the Department of Energy (DoE) said in a power outlook briefing on Friday.
DENR to establish training center for solid waste management
THE Department of Environment and Natural Resources (DENR) said it plans to establish a National Ecology Center (NEC) to serve as a training hub for solid waste management.
Accelerating the integrity agenda
By Roderick M. Vega
Played out against a landscape of evolving social expectations from businesses under current conditions, corporate integrity is foundational to fostering trust among the various stakeholders in an organization. The importance of corporate integrity has also grown in the immediate aftermath of the pandemic, as revealed by the EY Global Integrity Report 2022.
Recovery seen hampered if more areas move to stricter health protocols
THE expanded number of areas covered by Alert Level 3 will hinder the economic recovery, according to Presidential Adviser for Entrepreneurship Jose Ma. A....