THE PHILIPPINES’ debt burden has eased significantly since President Benigno S. C. Aquino III assumed office, the Finance chief said, in response to allegations that the government expanded debt.
Feb 212016
BusinessWorld Online: Economy
Feb 212016
MORE TOWNS and provinces applied for a creditworthiness opinion from the Bangko Sentral ng Pilipinas (BSP) last year before taking out loans, the central bank governor said, with the bulk of the borrowing meant for infrastructure projects.
Feb 212016
Over the years, advances in information and communications technology have revolutionized and disrupted the business models of companies, regardless of size. In retail, for example, customers can now place orders online. In manufacturing, production processes can now be monitored through automated systems. In health care, it is now possible to conduct remote diagnosis. In media, new avenues have been developed for distribution and user participation — think user-generated content and social networking. These new models, which are largely characterized by mobility with respect to intangibles, users, and business functions, or use of multi-sided business models, make up for what is now called the Digital Economy.
Feb 192016
THE UNITED STATES and the 10 members of the Association of Southeast Asian Nations (ASEAN) have agreed to “further deepen ties and job-promoting trade and economic opportunities” among them, the Office of the United States Trade Representative said.
Feb 192016
TAXPAYERS may now lodge applications for certifications of their transactions with the Bureau of Internal Revenue (BIR) with local offices of the agency.
Feb 192016
THE TRANSPORTATION department is spending P43.36 million to hire a contractor that will develop the Zamboanga International Airport.
Feb 182016
PHILIPPINE economic growth will outperform much of the region this year, according to HSBC Global Research, as government spending maintains its “strong momentum.”
Feb 182016
PRESIDENT Benigno S. C. Aquino III is expected to sign on Friday the executive order (EO) that will implement the first tranche of the proposed Salary Standardization Law (SSL) 4.
Feb 182016
THE BUREAU of Internal Revenue (BIR) has listed the priority programs it plans to carry out in order to meet its revenue target this year, although the agency’s chief still believes the collection goal is “unrealistic.”
Feb 172016
THE DEPARTMENT of Energy (DoE) plans to tighten regulation of coal-fired power plants by setting higher standards for greenhouse gas emissions and the quality of the fossil fuel used in generating power.