With the conclusion of the 2016 Presidential elections yesterday, will Filipinos’ hopes for lower income taxes finally see light under the new administration? Despite the growing clamor of the public and endorsements of income tax cuts from both houses of the Congress and business groups, the current administration stood firm against these reforms.
FACTORY output likely grew further in March but may have cooled from the pace seen during the previous month, Moody’s Analytics said, with the expansion seen sustained for the rest of the year as effects of the dry spell wane.
THE Philippine electronics industry needs a strategy similar to what the Trade department drafted for the automotive sector, as margins from semiconductors have been going down every year, an industry official said.
(Second of two parts) In last week’s column, we wrote about Republic Act 10533, or the Enhanced Basic Education Act of 2013, otherwise known as the K-12 Basic Education Program, and the potential issues faced by both public and private schools in the implementation of the K-12 program. We now continue with a discussion on measures that private institutions can take in order to address the anticipated challenges.
THE PHILIPPINES should remain a preferred investment destination, as reforms complement its favorable demography and integration with other Southeast Asian economies, the Secretary of Finance said.
CMC di Ravenna has won the contract to design and build a new water tunnel from Angat dam that is expected to help ease the risk of water shortages in Metro Manila.
GROSS international reserves (GIR) again posted a new two-year high in April to breach the central bank’s target for the year after a surge in foreign currency holdings, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Friday.
ECONOMISTS are projecting agriculture growth to contract or remain flat at best amid a severe El Niño and the possibility of the dry spell being followed by a La Niña event.
MOTOR vehicle sales in the Philippines bucked a regional decline and continued to climb in March, bringing growth in the first quarter to 21.6%, according to latest data from the ASEAN Automotive Federation.
THE PHILIPPINES can expand around 6% annually over the medium term and become a $1-trillion economy by 2030, provided the incoming administration sustains economic and governance reforms, an economist from IHS Global Insight said.