THE SUPREME COURT (SC) denied a petition seeking to publicly disclose minutes of a meeting that recommended the lifting of a suspension of a tariff cut on plastic products.
May 162016
BusinessWorld Online: Economy
May 162016
THE PHILIPPINE economy would likely grow above 6% this year and in the near term, falling short of the low end of official targets this year, but is still poised to be one of the region’s fastest, an economist at a Swiss private bank said in a recent interview.
May 162016
Now that the annual tax filing season is over, it is about time to revisit your tax planning strategy for the next year. This becomes more relevant since the deadline for the first quarter income tax return is fast approaching. Tax planning involves weighing various tax options to determine the most beneficial way to conduct a business. One should bear in mind that tax planning aims not only to save on taxes but also to reduce or eliminate tax exposures during tax examinations. These days, the Bureau of Internal Revenue (BIR) is very aggressive in its campaign to increase collections, and it is crucial to employ the right tax planning strategies.
May 152016
THE NATIONAL Power Corp. (Napocor) is seeking provisional regulatory approval to avail of subsidies amounting to 12.48 centavos per kilowatt-hour to cover costs of providing energy to areas that are not connected to the Philippines’ electricity grid.
May 152016
THE PHILIPPINES has received six new applications to breed and import genetically-modified (GM) seeds and crops after a new regulatory framework for their safe handling took effect on April 15.
May 152016
According to the Bangko Sentral ng Pilipinas (BSP), there is “financial inclusion” when everyone is able to use financial products and services (e.g., credit, savings, payments and insurance) effectively to their benefit. Such products and services must be appropriately designed, of good quality and relevant to benefit the person accessing them.
May 132016
CHANGE is coming to the country’s outdated tax regime, if the presumptive president-elect’s response to a survey is any indication, the Tax Management Association of the Philippines (TMAP) said.
May 132016
EMPLOYMENT growth among Metro Manila enterprises slowed in the fourth quarter of 2015.
May 132016
FOREIGN portfolio investments posted a net outflow in April to end a two-month streak of inbound capital as the presidential elections drew closer, data from the Bangko Sentral ng Pilipinas (BSP) showed.
May 122016
ECONOMIC growth is likely to bounce back to the 6% level this year with domestic spending expected to have driven a robust expansion during the first quarter, DBS Bank said.