BPOs target staffing level exceeding 2M by 2025
THE IT and Business Process Association of the Philippines (IBPAP) said that it hopes to exceed the two-million mark in industry headcount by 2025,...
RCEP seen unlocking services exports
PARTICIPATION in the Regional Comprehensive Economic Partnership (RCEP) will further enhance opportunities in the services trade and support overall economic growth, according to a...
Withholding tax rules on digital commerce
By Paul Vinces C. Leorna
The evolving narratives of personal growth and determination at the start of the new year bear a striking parallel to the transformative changes unfolding...
BCDA open to selling NAIA T3 site amid lease renewal talks
THE Bases Conversion and Development Authority (BCDA) said that it is currently in talks with the Manila International Airport Authority (MIAA) for future lease...
FAO: Better market access for farmers key to boosting agri
THE PHILIPPINES needs to focus on improving market access for farmers to support its agriculture industry, an official with the United Nations Food and Agriculture Organization (FAO) said last week.
LRT-2 West Extension funding expected this year, Transport dep’t says
THE Department of Transportation (DoTr) is aiming to obtain funding for the Light Rail Transit Line 2 (LRT-2) West Extension project this year.
“For the...
Foreign debt service bill up sharply at end of October
THE debt service bill for foreign obligations rose 132.8% in the 10 months to October, the Bangko Sentral ng Pilipinas (BSP) reported.
Citing preliminary data,...
Gov’t intervenes in sugar market with P5 billion scheme to purchase direct from farmers...
THE GOVERNMENT has allocated P5 billion to purchase sugar directly from farmers in order to prop up farmgate prices, an industry group said on...
2023 business registrations post 5% growth
THE Department of Trade and Industry (DTI) said 984,332 business names were registered last year, up 5%, attributing the rise to its digitalization efforts.
The...
European chamber calls for PHL free trade deal to go on fast track
THE European Chamber of Commerce of the Philippines (ECCP) said free trade agreement (FTA) negotiations between the European Union (EU) and the Philippines should be fast-tracked to maximize its development impact.
Chip industry bats for CREATE amendment reinstating 5% GIT
LEGISLATORS must reinstate the 5% gross income tax (GIT) incentive in amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, the chip industry said, noting that the option to pay tax on the basis of gross income will make the Philippines more competitive.
Strategies to achieve a sustainable future
By Benjamin N. Villacorte
The government and private market sustainability players fulfill crucial roles in their transition to a sustainable future. Their capacity to identify environmental, social and governance (ESG) material...