POTENTIAL BIDDERS for the first seaport public-private partnership (PPP) project under the Aquino administration have one more month to prepare their bids after the Transportation department moved the auction date.
Feb 172016
BusinessWorld Online: Economy
Feb 172016
In the aftermath of the latest global financial crises, government have sought to recoup lost revenue through tax reform. This has put the spotlight on the issue of gaps in the current international taxation system that created opportunities for Base Erosion and Profit Shifting (BEPS) schemes. Simply put, BEPS are tax planning strategies that exploit the weaknesses of the architecture of the international tax system to artificially shift profits to places where there is little or no real economic activity, but where the taxes are lower or nil, resulting in little or no overall corporate tax being paid.
Feb 162016
ROBUST GROWTH in the business process outsourcing (BPO) sector can make up for the projected slowdown in worker remittances, an economist from ING Bank N.V. said, enough to keep the country’s current account in surplus amid weak global trade.
Feb 162016
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely adjust policy rates twice within the year, economists at Nomura said, just as the central bank rolls out the corridor-type scheme of setting interest rates by mid-2016.
Feb 162016
GENERAL SANTOS CITY — Rehabilitation work on the General Santos City (GSC) Airport Industrial Complex, with an initial budget of P959 million, is targeted to start by March, beginning with improvements and expansion of the terminal building and parking area.
Feb 152016
REMITTANCES likely contracted in December, reversing the seasonal surge in money sent home by overseas Filipino workers (OFWs), analysts at ANZ Research said, noting that such a decline would make the 2015 growth rates lower than the year earlier.
Feb 152016
THE GOVERNMENT should continue forging trade agreements, investing in public infrastructure and implementing El Niño mitigation measures to sustain growth this year, the Finance department’s chief economist said.
Feb 152016
Of the P3.002-trillion national budget, P702.9 billion is intended for infrastructure in 2016. The P702.9-billion capital outlay budget represents 23.4% of the 2016 total budget, and represents a 29.8% rise from 2015. According to the government, the programmed increase of infrastructure spending will bring the Philippines almost at par with the global benchmark of 5% infrastructure spending. Robust spending is good for the economy as it aims to link lagging communities to growth centers and people to opportunities. A significant increase in infra spending is also expected during this election year. Thus we see ongoing government projects all over the Philippines in various stages of completion.
Feb 142016
THE PHILIPPINES should act faster to further ease business restrictions to attract more foreign investments as other countries in the region are becoming more decisive in their bid to become competitive, members of foreign chambers said during the weekend.
Feb 142016
THE NEW antitrust enforcer has adopted preliminary rules and guidelines necessary to exercise its mandate under the Philippine Competition Act to review mergers and acquisitions (M&A).