THE Transportation department said Thursday that tunneling work on the first phase of the Metro Manila subway project is expected to begin in the second quarter of 2021.

THREE CARGO FIRMS have agreed to transport by air various high-value crops from Mindanao to Luzon and the Visayas, the Department of Agriculture (DA) said.

THE P165-billion Bayanihan to Recover as One legislation is not expected to be sufficient for sustaining workers and companies through the pandemic, according to think tank IBON Foundation, Inc.

THE Anti-Money Laundering Council (AMLC) said it has detected the use by foreign nationals of Filipino dummies in the retail industry to get around foreign-ownership restrictions.

THE Department of Environment and Natural Resources (DENR) said it will integrate its land database with that of the Land Registration Authority (LRA) to ease the underlying processes behind land transactions.

ECONOMIC MANAGERS pressed the Senate on the urgency of legislation creating asset management companies (AMCs), saying that delays in enacting such a measure hampered the economy’s recovery from the Asian Financial Crisis of 1997.

THE Agriculture department touted its startup loan and technical assistance programs in a pitch to potential young farmers, who are considered critical to the industry’s modernization.

EMPLOYEES that lost their jobs during the pandemic are mostly young and short tenured, according to a job market survey issued by online work portal JobStreet.com.

THE PROPOSED five percentage point reduction in corporate income tax should be conditional on major firms investing the savings on job-generating projects like green energy, economist and National Scientist Raul V. Fabella said.

THE Asian Development Bank (ADB) said taxing the digital economy and carbon emissions hold the potential for funding a sustainable recovery.

The definition of fair market value or FMV for purposes of computing the capital gains tax on the transfer of shares has undergone numerous revisions over the years. What constitutes fair market value has long been a push-and-pull between taxpayers and the tax authority, as this affects the computation of the gain, and hence, the tax due on the transaction.

THE government’s pandemic spending topped P389 billion as of late August, with emergency cash aid to vulnerable communities accounting for about 54% the total, the Department of Budget and Management (DBM) said.