THE project period for a Metro Manila wastewater collection and treatment management system is due to expire Tuesday with its main backer, the World Bank, noting that the project has yet to meet targets for the number of people reached, among others.

THE Philippine Center for Postharvest Development and Mechanization (PhilMech) told Congress on Monday that it is proposing a P5.6-billion budget for next year to support mechanization programs under the Rice Competitiveness Enhancement Fund (RCEF).

The longest busy season for income tax filing has finally come to a close. Amidst the sleepless nights and pandemic-induced stress, tax practitioners, tax authorities, and taxpayers alike can only remind themselves that the dictum “taxes are the lifeblood of the nation” rings ever more true.

BUDGETARY support to state-owned firms released in May rose nearly 467% after the release of the second tranche of the wage subsidy program, the Bureau of the Treasury said.

REAL ESTATE loans will likely cool in the second quarter after the pandemic left many jobless and eroded job security for the rest of the workforce, making loan applicants less likely to be approved, Colliers Philippines said.

INFORMATION and Communications Technology Secretary Gregorio B. Honasan II has designated Undersecretary Ramon P. Jacinto to lead the department’s efforts in the areas of “government digital broadcast television and the digitization of the entertainment industry sector.”

THE Department of Energy (DoE) is planning to draft an order promoting the development of geothermal energy, in a bid to regain prominent position for the Philippines among global producers.

A MEASURE creating an investment and infrastructure hub in Central Luzon has been refiled in the Senate after similar legislation was vetoed in the last Congress.

In last week’s article, we discussed the salient features of the CREATE bill: the immediate Corporate Income Tax (CIT) rate cut; the extended NOLCO application; the rationalization of fiscal incentives, and other notable features. This week’s article will focus on the proposed fiscal incentives available to prospective and existing investors as well as the strategies that investors may explore to maximize tax perks.

The unexpected 50 basis point (bp) reduction in benchmark interest rates is being positioned as a measure to restore consumer and business confidence, the...

Transportation Secretary Arthur P. Tugade has ordered shipping lines to offer at least a 40% discount off regular shipping rates for shipments of food...

Provinces that are reopening their tourist attrcations are focusing on domestic visitors initially, with Boracay only allowing guests from the immediate region, Tourism Secretary...