Vietnam still enjoys cost advantage in furniture despite 17% Philippine tariff
THE 17% tariff the US is poised to charge Philippine goods, while favorable compared to rest of the region, is not enough to overcome...
No approval yet for proposed air terminal enhancement fees
THE Department of Transportation (DoTr) said a proposal to collect airport terminal enhancement fee by the three air carriers remains under review.
“The proposal is...
Recto does not expect DSPs to pass VAT on to consumers
FINANCE Secretary Ralph G. Recto said digital service providers (DSPs) are likely to absorb the new value-added tax (VAT) on digital services, instead of passing the cost on to consumers.
Visitor arrivals hit 2.1M in first four months
THE PHILIPPINES registered 2.1 million visitor arrivals in the four months to April, falling 0.82% behind the pace from a year earlier following reduced...
New legislators urged to freeze farmland conversions, crop switching
FARMER organizations urged would-be legislators to file measures that would halt the conversion of farmland, citing the need to ensure food security.
Unyon ng mga...
VAT liabilities of non-resident DSPs
By Tonee Rose M. Palomeno
Last year marked a significant chapter in tax reform, with new laws enacted to amend and update the National Internal Revenue Code (Tax Code)....
Hospitals bat for tax perks, lower import tariffs
THE GOVERNMENT needs to provide tax incentives and streamline the import process for key healthcare goods, the hospital industry said.
‘Hijacking’ of party-list system erodes farmer representation
THE party-list system was designed to represent specific interests in Congress like agriculture, but has been co-opted by dynastic politicians, political analysts said.
Retail industry seeks gradual cuts to de minimis threshold
THE Philippine Retailers Association (PRA) said it supports the gradual abolition of the de minimis rule for imports, adding that the lowering the threshold...
Mercedes-Benz says PHL market for EVs growing more attractive
DEMAND for electrified vehicles (EVs) has been growing in the Philippines, making it more attractive for car brands to launch new models, Mercedes-Benz Philippines...
P1.6-B NGCP Ilocos Norte substation project approved
THE National Grid Corp. of the Philippines (NGCP) has won approval from the Energy Regulatory Commission (ERC) to pursue its P1.63-billion substation project in...
Navigating integrity challenges in Southeast Asia
By Roderick M. Vega
Southeast Asian organizations are facing substantial ethical risks that threaten their business stability, despite notable advancements in compliance measures. As the region’s economies continue to expand, the need for a robust integrity framework has never been more critical. Rapid economic growth often brings about increased competition, which can lead to ethical compromises if not managed effectively.