Digital transactions VAT bill elevated to Senate plenary
THE COMMITTEE report of a Senate bill seeking to impose a 12% value-added tax (VAT) on digital transactions, which now includes nonresident foreign online...
BoI backs engineer training to support chip industry dev’t
THE Board of Investments (BoI) said it will support programs to train 128,000 engineers and technicians over four years in support of chipmakers in...
US mineral tie-ups seen reducing PHL reliance on exporting to China
COLLABORATION with the US in mineral processing and energy security projects will likely reduce the Philippines’ dependence on exporting various ores to China, analysts said.
NEDA: More researchers needed to meet innovation goals
THE National Economic and Development Authority (NEDA) said it will support the Philippines’ innovation goals by advocating for scholarship programs to train researchers.
“We will...
LANDBANK agri lending tops P755 billion in 2023
LAND BANK of the Philippines (LANDBANK) said it disbursed P755.11 billion in agricultural loans in 2023.
This represented 51% of the state-run lender’s overall lending...
Sugar farmers say imports not the way to address low prices at millgate
SUGAR planters said the plan to import more sugar is not an appropriate reaction to falling millgate prices.
“Even as we all agree on the need...
Wholesale price growth slows in 2023
PRICE GROWTH of bulk general goods eased to 4.9% in 2023, the Philippines Statistics Authority reported on Monday.
The general wholesale price index (GWPI) in...
Dairy herd eyed for expansion in move to increase milk output
THE Department of Agriculture (DA) said it plans to expand the dairy cattle herd to help achieve the National Dairy Authority’s (NDA) plan to...
Inspections ordered to clear Czech meat exports to PHL
THE Czech Republic is seeking approval to export meat to the Philippines, according to the Department of Agriculture (DA).
In Special Order No. 152, the...
The taxability of reimbursable or allocable expenses for cross-border services
By Juanito Rafael Clemence O. Uy
Is there a flow of wealth when there is a reimbursement at cost? Is there an income to speak of when repaying a cost...
Strong bookings point to further growth in int’l outbound travel
OUTBOUND international travel is expected to grow further this year, based on initial bookings data, which point to the likelihood that such trips will...
Iloilo airport original-proponent bid review set for completion by Feb. 21
THE Department of Transportation (DoTr) said it is currently reviewing unsolicited proposals for the upgrade and expansion of Iloilo International Airport, with a Feb....