CARS program could be extended by three years
THE GOVERNMENT is considering a three-year extension to the compliance period for automotive companies participating in its incentives program, which was developed to support domestic parts production.
Domestic vaccine manufacturing seen possible by 2024, BoI says
PHILIPPINE companies are exploring how to develop the country’s capacity to produce various types of vaccines, with some producers possibly participating in the license-manufacturing of inoculations for coronavirus disease 2019 (COVID-19) by around 2024, the Board of Investments (BoI) said.
Cigarette makers oppose gov’t printing agency’s plan to raise tax stamp prices
THE PHILIPPINE Tobacco Institute (PTI), an industry lobby group, said it opposed plans by a government printing agency, APO Production Unit, Inc. (APO), to raise the price for tax stamps to 23 centavos from the current 15.
ADB affirms support for waste-to-energy despite opposition
THE Asian Development Bank (ADB) said it will continue to support waste-to-energy (WTE) projects, noting their potential to help develop a recycling industry for valuable waste materials while enhancing the liveability of communities and reducing the need for landfills.
CTA upholds cancellation of P45-million BIR tax assessment on Xylem Water Systems
THE COURT of Tax Appeals (CTA) has rejected a petition by the Commissioner of Internal Revenue (CIR) to review the CTA Special Third Division’s cancellation in 2019 of a P45-million tax assessment and Warrant of Distraint and/or Levy against Xylem Water Systems International, Inc.
Sustainability reporting in the Philippines: Year One review
By Benjamin N. Villacorte and Yna Altea D. Antipala
Today, as markets become more unstable, companies are obligated to create a sustainable business model and implement environmental and social initiatives that will benefit future generations as well as create long-term value for stakeholders.
Diokno warns of risks associated with transition away from coal power
The Philippines needs to take into account the financial risks that may come with its plans to move away from coal energy, Bangko Sentral...
PHL palay output projected at 19.68 million MT by USDA
PHILIPPINE production of palay, or unmilled rice, is expected to rise 1.6% in marketing year 2021-2022 to 19.68 million metric tons (MT), the US...
World Bank sees Customs modernization as tax-free way to boost gov’t revenue
The automation of the Bureau of Customs' (BoC) processes is expected to raise government revenue without introducing new taxes. the World Bank said
The BoC...
PHL smart city projects, fintech, agriculture offered up for Singapore investment
The Philippines considers digitization projects like smart city initiatives, financial technology, and agriculture as potential areas of collaboration with investors from Singapore, officials said.
In...
Food Security summit scheduled for late April
A NATIONAL Food Security Summit has been scheduled for April 28-29, the Department of Agriculture (DA) said.
According to a special order signed March 23,...
COVID seen more disruptive to women’s careers due to domestic responsibilities
Working women are far more likely than men to have their careers disrupted because of expectations they will take charge of household duties during...