ILOILO CITY — The Philippine Economic Zone Authority (PEZA) has given its endorsement for the proposed 6.2-hectare (ha) industrial zone in the town of Dumangas, about 26 kilometers northeast of Iloilo City.
Mar 292016
BusinessWorld Online: Economy
Mar 292016
HINDANG, LEYTE — Himokilan Island, one of the four islets that make up the so-called Cuatros Islas group in southwestern Leyte, has achieved a 100% share of renewable energy (RE) in its power supply.
Mar 282016
THE EXTERNAL payments position saw a “recovery” in the inbound capital flows in early March following two straight months of deficits, a central bank official said, noting improving market sentiment and sound fundamentals in the Philippines.
Mar 282016
SEVERAL COUNTRIES in the Asia-Pacific region have agreed to ease regional trade by forging a treaty that promotes paperless transactions among them during a forum led by the United Nations (UN) in Bangkok last week.
Mar 282016
For 2016, the Philippines’ national budget is around P3 trillion and the Bureau of Internal Revenue (BIR) is tasked to collect around P2 trillion. Out of the BIR’s total collection target, about P1.243 trillion is expected to come from income taxes. That is how important income taxes are for the country, accounting for around 41% of the national budget. It is interesting to note, however, that a lot of countries are now shifting their focus to indirect tax. The primary reasons behind the global shift to indirect tax are discussed in an article released by Grant Thornton International (Grant Thornton) entitled “Rethinking Tax: The shift to indirect tax,” and I would like to share this article with you.
Mar 272016
THE PHILIPPINES is now the call center “capital” of the world, Moody’s Analytics said in a recent report, displacing India as Filipinos prove to be a better option for skilled workers in the business process outsourcing (BPO) industry, but faces a crucial government transition, with continuity of anti-corruption efforts hanging in the balance.
Mar 272016
THE PHILIPPINES cannot afford to reduce the capacity of its coal-fired power plants, the Federation of Philippine Industries (FPI) said, as it described a call for “people power” action against these electricity sources as “misplaced.”
Mar 272016
In the last few years, Forensic Data Analytics (FDA) has grown considerably in terms of technological advancement, enterprise adoption and maturing FDA deployment. FDA refers to the ability to collect and use data, both structured (e.g. general ledger or transaction data) and unstructured (e.g. e-mail, voice or free-text fields in a database), to detect, prevent, monitor or investigate potentially improper transactions, events or patterns of behavior related to misconduct, fraud and non-compliance issues. It is an advanced form of data mining that many of today’s companies are using not only to find patterns in otherwise overwhelmingly large datasets, but also to gain insights into the quantitative and statistical characteristics of their data.
Mar 232016
BID SUBMISSION for the P18.99-billion deal to modernize the Davao Sasa Port under the public-private partnership (PPP) scheme has been postponed again due to delays in securing approvals from government agencies.
Mar 232016
THE PHILIPPINE Statistics Authority (PSA) is looking to release the country’s first official multidimensional poverty indicator in 2018.