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CONSTRUCTION of the Metro Rail Transit Line 7 (MRT-7) -- a project designed to offer more public transport options north of Metro Manila -- could face delays on right-of-way questions involving the project’s planned depot in San Jose del Monte, Bulacan.

ALL APPLICATIONS for tax clearance required of prospective bidders for government contracts can soon be filed in regional offices of the Bureau of Internal Revenue (BIR).

THE DEPARTMENT of Finance (DoF) argued on Monday that redundant tax incentives have continued to take more from the economy than provide benefits, with 645 enterprises enjoying such perks even after 15 years in business.

THE BANGKO SENTRAL ng Pilipinas (BSP) is looking into the possibility of issuing digital currencies at a time of increasing use, although industry experts cautioned that doing so could disrupt monetary policy operations.

THE BANGKO SENTRAL ng Pilipinas (BSP) will most likely raise benchmark interest rates anew this week as inflation can be expected to have spiked further in July, analysts said in a BusinessWorld poll, with some noting there is room for a 50-basis-point (bp) hike to ease price pressures.

ECONOMISTS expect the country’s economic growth to have stayed robust in the second quarter despite faster inflation, as increased government spending and private investment offset a possible slowdown in household spending, results of a BusinessWorld poll showed.

THE BUREAU of Internal Revenue (BIR) recently amended rules on the valuation of real property gifts for the computation of the donor’s tax in order to ease compliance.

A LAWMAKER has filed a mining tax reform bill in the House of Representatives that forms part of the second tranche of reforms designed to make the country’s taxation regime more equitable while generating additional revenues to support the government’s infrastructure development program.

PHILIPPINE economic growth may have decelerated in the second quarter weighed down by rising inflation despite robust consumption and investment, Moody’s Analytics said.

THE Philippines is expected to realize a fiscal deficit of 2.9% of gross domestic product (GDP) this year — slightly below the government’s 3% target — due to the sharp uptick in infrastructure spending, according to HSBC Global Research.

THE DEPARTMENT of Finance (DoF) expects rough sailing in Congress for remaining tax reforms as lawmakers increasingly focus on preparations for the May 2019 mid-term elections.

THE SECURITIES and Exchange Commission (SEC) has issued draft guidelines for the conduct of initial coin offerings (ICOs), in a bid to keep up with the number of start-ups using this scheme to raise funds from the public.