Clarifications on VAT on digital services
By Eleanor Lucas Roque
On May 8, the BIR issued Revenue Memorandum Circular (RMC) No. 47-2025 clarifying some issues regarding the value-added tax (VAT) on digital services imposed...
US tariffs seen making PHL a target for dumped goods
THE GOVERNMENT needs to be ready to protect and support Philippine industries should the Trump tariffs trigger a wave of dumping by foreign exporters...
Rice traders offering low prices for palay to be tracked by NFA
THE Department of Agriculture (DA) said it instructed the National Food Authority (NFA) to identify parts of the country where traders are purchasing palay...
Pork retail prices defy price caps in early May
PORK PRICES rose at retail in early May, according to the Philippine Statistics Authority (PSA), as sellers proved unable to sell the commodity within...
GOCC subsidies rise nearly 55% in March
SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) rose 54.69% in March, according to the Bureau of the Treasury (BTr).
The BTr reported that budgetary...
Debt service bill falls nearly 35% in first 2 months
THE external debt service bill fell 34.9% in the first two months following a sharp decline in principal payments, the central bank said, citing...
CITEM bats for budget parity with tourism promotion agency
THE Department of Trade and Industry’s Center for International Trade Expositions and Missions (CITEM) said it is seeking additional funding next year to expand...
Frasco likens impact of proposed ASEAN visa to Schengen scheme
TOURISM Secretary Ma. Esperanza Christina G. Frasco said she hopes that a proposed ASEAN visa will encourage multiple-destination stops by visitors to the region,...
Aboitiz Construction sees 93% of Labor Day applicants as hireable
ABOITIZ Construction, Inc., the construction arm of the Aboitiz Group, said about 93% of the job applicants at its Labor Day recruitment activity are...
Navigating an AI-enabled business landscape
By Lee Carlo B. Abadia
Artificial intelligence (AI) presents both opportunities and challenges for organizations. While there is pressure to adopt AI quickly to stay competitive, risks and capability gaps can hinder swift action.
Wholesale prices growth of building materials in Metro Manila rise in April
Wholesale price growth of construction materials in the National Capital Region (NCR) rose in April, the Philippine Statistics Authority (PSA) reported on Friday.
The construction...
Samsung investment decision awaiting talks on power rates
THE GOVERNMENT is currently negotiating power rates with Samsung Electronics that will help determine whether the South Korean multinational pursues an over $1-billion investment...