Industrial parks expected to benefit from pledges secured during President’s trips
PROPERTY consultant Colliers projected greater take-up of industrial space and warehouses once investment pledges made during President Ferdinand R. Marcos, Jr.’s overseas trips materialize.
Joey...
DBM releasing P456M for RCEF in Q1
THE Department of Budget and Management (DBM) said it approved the release of P455.59 million for the Rice Competitiveness Enhancement Fund (RCEF) in the...
Accelerated drug approval process, ‘pharmazones’ announced by FDA
THE GOVERNMENT will streamline the process for approving drug applications, which will complement plans to establish so-called “pharmaceutical economic zones or pharmazones, the Food...
Gradual cuts to PIFITA tax on interest removed
THE Department of Finance (DoF) said on Monday that its revised proposal to simplify tax rates for passive income and financial intermediaries include keeping...
Drought warning raised for provinces producing close to 50% of PHL rice
DROUGHT induced by El Niño is expected to hit five major rice-growing provinces that accounted for nearly half of the country’s rice output in...
Bill seeking to ban POGOs clears House gaming committee
A HOUSE of Representatives committee approved a bill that seeks to ban and declare illegal Philippine Offshore Gaming Operators (POGOs), alleging that the gaming...
PPA awards P273-million Oriental Mindoro project
THE Philippine Ports Authority (PPA) said it awarded the P272.92-million Bulalacao Oriental Mindoro port expansion project to Orient Star Construction, Inc.
According to a notice...
Mindanao rail new feasibility study to proceed even without funding in place
THE Department of Transportation (DoTr) said it expects to proceed with the feasibility study on the adjustments that need to be made to the...
Pandemic learning setbacks reckoned at 1% per week of lost in-person classes
THE SETBACKS to learning levels resulting from the pandemic have been quantified at about 1% per week of lost in-person classes, a World Bank...
Ease of Paying Taxes law: Making tax less taxing
By Kim M. Aranas
For years, taxpayers have been wishfully thinking of simple and practical yet comprehensive tax laws and regulations that will encourage compliance. Our legislators have...
Marcos foreign trips generate $14.2B in investments — DTI
By Justine Irish D. Tabile, Reporter
THE Department of Trade and Industry (DTI) said on Sunday that President Ferdinand R. Marcos, Jr.’s foreign trips have...
Freeze on MAV seen pressuring prices of pork, corn upwards
THE suspension of the minimum access volume (MAV) for pork and corn will push prices higher, economists said.