The Philippines is celebrating its 123rd year of independence. We have been enjoying our freedom for over a century and much has changed since then. For the business sector, changes have been directed towards intensifying the use of technology. Can we now say that we are moving towards freedom from the old way of doing business?

THE BUREAU of Internal Revenue (BIR) issued rules over the weekend setting a 12% value-added tax (VAT) on export sales of companies that had previously been exempt, a move it said was authorized by the Tax Reform for Acceleration and Inclusion (TRAIN) law.

THE Philippine Energy Efficiency Alliance, Inc. (PE2) said it is pushing for the inclusion of gasoline and diesel-powered motor vehicles in the Department of Energy’s (DoE) energy labeling guidelines.

MAJOR offshore mining groups have expressed their interest in the Philippines after Executive Order (EO) No. 130 opened the door for new projects, according to the Offshore Mining Chamber of the Philippines (OMCP).  

THE Philippine Ports Authority (PPA) said it is soliciting bids to provide consultancy services for feasibility studies and master planning at 10 ports.

FINANCE SECRETARY Carlos G. Dominguez III said the Governance Commission for government-owned and -controlled corporations (GCG) needs to improve its oversight over state-run firms.

In the current business environment, we keep hearing the term “new normal” being used by business and government leaders to provide context to the sweeping changes that have disrupted the global business ecosystem due to COVID-19. The question is, how can CEOs today realign their businesses to thrive in this “new normal?”

THE GOVERNMENT is likely to run a wide fiscal deficit until 2022 as it supports the economy amid the coronavirus crisis, Fitch Solutions Country...

OVER A hundred applications for safety seals assessed by the Trade department have been denied due to non-compliance with health protocols, its top official...

THE World Bank (WB) has expressed concerns about the capacity of local government units (LGUs) to spend their expanded budgets following the implementation of a Supreme Court (SC) ruling that expanded their share of the National Government’s revenue.

THE TRADE department is seeking additional funding for small business loans, saying that it expects to commit P5 billion to finance such companies by the end of June.

THE contracting of ancillary services (AS) will not solve the issue of low power supply, the National Grid Corp. of the Philippines (NGCP) said Thursday, and warned that consumers will see “astronomical” increases in their electricity bills if the company follows the energy department’s proposal to take out reserve contracts that fully cover expected demand.