THE BUDGET department has released 78.7% of the P3.002-trillion national budget as of end-February.
Mar 132016
BusinessWorld Online: Economy
Mar 132016
In previous weeks, we discussed the various Action Plans issued by the Organisation for Economic Co-operation and Development (OECD) resulting from the work done for the Base Erosion and Profit Shifting (BEPS) initiative. This week, we focus on Action Plan 11. Unlike the other Action Plans which seek to address specific causes or sources of BEPS, Action Plan 11 seeks to measure the fiscal and non-fiscal consequences of BEPS, and to monitor the implementation of the OECD’s recommendations to curb aggressive tax planning strategies which result in the artificial shifting of profits.
Mar 112016
THE weakening El Niño has so far damaged crops amounting to P1.9 billion, the Department of Agriculture (DA) said.
Mar 112016
THE Board of Investments (BoI) has approved up to 144 renewable energy investment projects worth P170.9 billion for five years ending in December 2015, adding generating capacity of 3,861 megawatts (MW).
Mar 112016
TOBACCO-PRODUCING cities and municipalities still have P747.2 million remaining shares in the excise taxes collected from locally manufactured cigarettes as early as 2008.
Mar 102016
STRONG PUBLIC and private spending are expected to spur further growth, ruling out the need for additional stimulus, monetary authorities said during their first policy meeting for the year held last month.
Mar 102016
THE DEPARTMENT of Energy (DoE) has drafted a circular that sets the “optimal utilization” of the Agus hydroelectric plants in Mindanao ahead of an expected peak in the demand for electricity during the summer months.
Mar 102016
DAVAO CITY — The banana industry does not expect to recover this year from the 62% drop in export receipts in 2015 given the prevailing El Niño, which is expected to last until July, and following to the decline in global market prices due to competition.
Mar 092016
THE GOVERNMENT may adopt before its term ends a policy allowing concessionaires of public-private partnership (PPP) projects to tap the capital markets, pension funds and insurance companies for refinancing.
Mar 092016
DAVAO CITY — The Davao Regional Development Council (RDC) has proposed a P106.43-billion budget for 2017 to bankroll the programs and projects of national government agencies in the region, including government-owned and -controlled corporations and state academic institutions.