Tax court declines to review ruling in favor of IT firm

THE Court of Tax Appeals (CTA) has declined a tax bureau appeal to review a division ruling partially cancelling the tax liabilities of Izone Technologies Philippines dating back to 2008.

April wholesale price growth in NCR building materials highest in over a decade

WHOLESALE PRICE growth in building materials in Metro Manila was at its highest level in over a decade in April as construction activity picked up as quarantine restrictions eased.

What to expect on taxes from the next administration

By Mark Ebenezer A. Bernardo
Last week, we voted for the leaders we wanted to run the country. Soon, the next administration will be sworn into office, and taxpayers are looking for definitive guidance on taxation to be issued by our next set of leaders and legislators.

Tourism, agro-processing seen as critical for post-pandemic growth

THE Asian Development Bank (ADB) and the ASEAN+3 Macroeconomic Research Office (AMRO) said five industries are candidates to become growth drivers after the pandemic — tourism, agro-processing, electronics, garments, and digital trade.

Building permit approvals growth slows to 5.7%

APPROVED building permit applications picked up by 5.7% year on year to 38,263 in the fourth quarter, according to Philippine Statistics Authority.

Fil-Chinese chamber says DoF, DTI, Agri appointments being closely watched

THE incoming secretaries of the Departments of Finance (DoF), Trade and Industry (DTI), and Agriculture (DA) will be critical for the incoming Marcos administration, the head of a major chamber of commerce said.

Supermarket association expecting further hikes in goods prices 

FURTHER PRICE increases are expected in grocery items beyond the recent adjustments to the government’s price control scheme, known as the suggested retail price (SRP), the supermarkets association said.

DBM releases over P1 billion in COVID compensation

THE Department of Budget and Management (DBM), in a statement on Sunday said it released P1.081 billion worth of compensation for both private and public healthcare workers (HCW), as well as non-HCWs working in health facilities.

Winning consumers with a future-fit operating model

By Maria Kathrina S. Macaisa-Peña
Consumer product companies face the challenge of transforming to stay relevant to rapidly changing consumer needs, but global research commissioned by EY reveals concerns in whether leaders are taking the right actions to steer their organizations.

Japan’s Nidec plans P40-billion expansion of Subic facility — DTI

THE Department of Trade and Industry (DTI) said Japan’s Nidec Corp., a maker of electric motors, is planning a P40-billion expansion of its manufacturing site in Subic.