Wholesale price growth of building materials in NCR picks up in Jan
WHOLESALE price growth of construction materials in Metro Manila accelerated in January to its highest level in two months, according to preliminary data from the Philippine Statistics Authority (PSA) released Monday.
DoE logs 3,387 energy consumption reports from designated establishments
THE Department of Energy (DoE) said it tallied 3,387 submissions from designated establishments (DEs) for the 12 months beginning April 2021.
Fortune favors the taxpayer… who files on time
By Lorenzo V. Matibag
On Tuesday last week, the 2020/2021 Bar examinations list of successful examinees was released. I am one of those who made it. Truly, fortune favors the bold, as I and my fellow bar examinees struggled to study and prepare for the Bar exams despite the many challenges brought about by the COVID-19 pandemic, typhoons, and postponements. Just like a taxpayer who is trying hard to meet the April 18, 2022, Annual Income Tax Return (AITR) deadline to avoid penalties for late filing and payment.
Economist flags possibility of close vote, electoral protest
THE PROSPECT of a closer Presidential vote is looming based on momentum indicated by the March surveys, raising the possibility of a contested outcome that could lead to a repeat of the 2016 electoral protest, a GlobalSource Partners economist said.
Globe says willing to help in revising SIM card bill
GLOBE TELECOM, Inc. said it is ready to help legislators review the proposed SIM Card Registration Act, which President Rodrigo R. Duterte vetoed.
Foreign borrowing still seen as ‘prudent’ despite major expansion in gov’t debt
GOVERNMENT borrowing remains “prudent” despite the significant increase in the public debt, a bank economist said, adding that much of the borrowing taken on in the last two years was necessary to help manage the coronavirus disease 2019 (COVID-19) pandemic.
New management rules issued for marine protected areas
THREE departments signed on to a joint memorandum circular outlining new rules for managing marine protected area networks (MPANs), restore damaged coastal ecosystems, and preserve marine habitats, including coral reefs.
RCEP participants already reaping benefits from trade deal — DTI
TRADE SECRETARY Ramon M. Lopez said the early signatories to the Regional Comprehensive Economic Partnership (RCEP) are starting to derive benefits from their participation, and warned that the Philippines risks being left behind if it further delays joining the trade deal.
Why analytics are essential to quality non-financial corporate reporting
By Aris C. Malantic
EY’s recent Global Corporate Reporting Survey tells us that change in corporate reporting is accelerating. In particular, the need to better communicate an organization’s ESG performance is putting significant pressure on the finance leaders responsible for its preparation — requiring finance teams to beef up their analytics capabilities.
Campaign to professionalize LGU treasurer corps yields 958 appointees
LOCAL government units (LGUs) have seen the installation of 958 treasurers since 2016 who are being counted on to professionalize the handling of finances at LGU level, the Department of Finance (DoF) said in a statement on Wednesday.
Mindoro farmers seek gov’t compensation after onion crop yields losses
A PARTY-LIST organization said Occidental Mindoro farmers must be compensated for losses incurred from onion farming, which it claims stem from liberalized imports and an inability to charge fair prices.
WTO slashes global trade growth forecast to 3% on Russia-Ukraine war
THE World Trade Organization (WTO) said it revised downward its 2022 forecast of volume growth for global merchandise trade volume to 3.0% from 4.7%, and global gross domestic product (GDP) growth to 2.8% from 4.1%, due to the impact of the Russia-Ukraine war on food security in developing countries.