Rehab, expansion of General Santos airport seen completed by Q2

THE DEPARTMENT of Transportation said the P1.39-billion airport rehabilitation and expansion project in General Santos City is expected to be completed in the second quarter.

Meat imports up 21% in first quarter after surge in pork shipments

MEAT IMPORTS in the first quarter rose 21% from a year earlier to 243,108.89 metric tons (MT), the Bureau of Animal Industry (BAI) said.

Mobile internet speed dips in March — Ookla

THE PERFORMANCE of the Philippine mobile network declined in March, with an average download speed of 25.43 megabits per second (Mbps) from 26.24 Mbps recorded in February, according to the Speedtest Global Index, compiled by US internet testing and analysis company Ookla.

March Customs collections beat target on strong performance by provincial ports

TAX COLLECTIONS by the Bureau of Customs (BoC) in March totaled P54.5 billion, beating the bureau’s target due to stronger-than-expected collections by ports in the provinces.

PHL seeking aerospace, electronics deals with France

THE GOVERNMENT is pursuing trade and investment deals in aerospace, electronics, and shipbuilding with France, the Department of Trade and Industry (DTI) said.

Gov’t collects P210.63 billion from marked fuel

THE GOVERNMENT has collected P210.63 billion from marked fuel since the marking program was launched in 2019, according to the Department of Finance (DoF).

Agri dep’t backs farm road spending in third stimulus bill

THE DEPARTMENT of Agriculture said Monday that it supports proposed spending on Farm-to-Market Roads (FMR), which are a component of the bill that could become the third economic stimulus package.

Recovery in IP filing activity targeted in 2021

THE intellectual property (IP) office is hoping for recovery in the number of filings for IP protections this year after a decline due to the stricter parts of the lockdown in 2020.

Transfer pricing guide on cost-sharing arrangements and reimbursements

By Nikkolai F. Canceran
Without a doubt, globalization of businesses has been thriving. Multinational and domestic firms alike are often engaged in multiple transactions with and on behalf of each other in a bid to achieve cost efficiency due to readily available resources and administrative convenience or practical exigencies. These types of transactions are usually made without any intention to make profits.

Checkpoint staff told not to hinder movement of agricultural goods

PERSONNEL MANNING quarantine checkpoints have been told not to hinder the movements of agricultural goods, as well as farming and fisheries workers, who are classified as essential personnel, the Department of Agriculture (DA) said.

GOCC subsidies fall nearly 28% in February

SUBSIDIES GRANTED to government-owned and -controlled corporations (GOCCs) fell 27.7% from a year earlier in February to P7.581 billion, the Bureau of the Treasury reported.

Telemedicine hampered by lack of doctors, connectivity in rural areas

POOR BROADBAND internet access and the doctor shortage are major obstacles to telemedicine adoption in rural areas, a tech industry expert said.