THE MEGAWIDE group will break ground on the P2.5-billion Southwest Terminal of the Integrated Transport System (ITS) Project on Friday, the Transportation department confirmed on Tuesday, making it the ninth public-private partnership (PPP) project to be successfully started under the Aquino administration.
DAVAO CITY — Mindanao’s business leaders met here and in Cagayan de Oro last week to start drafting a wish list for the next administration.
THE GOVERNMENT has released a new classification system for state universities and colleges (SUCs) based on their performance indicators, which will be used by the Budget department to prepare their funding under 2017 national budget.
Taxpayers may have finally been given two rays of hope by the Court of Tax Appeals when it comes to the applicability of deficiency and delinquency interest in tax assessments. Taxpayers under assessment are often faced with two types of interest under the Tax Code. The first, deficiency interest, is imposed on any deficiency tax due from the date prescribed for its payment until the full payment thereof. The second, delinquency interest, is imposed on the deficiency tax, or any surcharge or interest thereon on the due date appearing in the notice and demand of the BIR. Interest rates for both are at 20%.
PROSPECTS for the local manufacturing sector remain positive, given robust domestic consumption, strong macroeconomic fundamentals and still-low oil prices, the Finance department’s chief economist said.
THE GOVERNMENT failed to disburse a fifth of last year’s appropriations for infrastructure and other capital outlays due to procurement and planning difficulties, according to the Budget department.
The pace of change within the technology sector is rapidly accelerating. Even within an industry that is accustomed to rapid waves of change, C-level executives and boards now find themselves navigating an unprecedented period of disruption and innovation. The era of cloud computing and smart mobility is bringing about change faster, more continuously and from different directions, allowing more fluid access and/or transfer of data. As a result, executives and top management are also becoming increasingly concerned about intellectual property (IP) protection and information security. This transformational force is global and highly complex, encompassing new business models, new entrants and new markets — and always with the looming prospect of next-wave technology disruptors.
THE COMPOUND annual growth rate (CAGR) for air travel in the Philippines will catch up with the rest of the Association of Southeast Asian Nations (ASEAN) bloc to average 5.8% from 2015 to 2020 — propelled by the aggressiveness of budget carriers and liberalization of skies in the region, Nomura said.
THE DEPARTMENT of Agriculture (DA) wants to increase the country’s physical control of the Benham Rise by encouraging fishing communities on the east coast to exploit the new resource.
DAVAO CITY — The first 105-megawatt (MW) unit of Sarangani Energy Corp.’s (SEC) 210-MW coal-fired plant will start delivering power to the Mindanao grid by the end of April, the top official of Alsons Consolidated Resources, Inc. (ACR) said.