MEMBERS of foreign business chambers in the Philippines gathered yesterday to enumerate the country’s gains on the fifth year of their annual forum while highlighting the issues that still need to be addressed, which ranged from foreign investment restrictions to openness to international trade.
THE GOVERNMENT should work towards awarding at least 10 more public-private partnership (PPP) projects this year for the economy to even hit the low end of growth targets, an economist said, with that level also expected to help plug the gaps in required infrastructure.
THE JOINT CIRCULAR on the safe handling of genetically modified (GM) crops, due for completion this month, is expected to address the concerns cited by the Supreme Court, which nullified the previous set of regulations from 2002, known as Administrative Orner (AO) No. 08, the Department of Agriculture (DA) said.
THE CUSTOMS bureau is batting for extended banking hours to specially accommodate importers, as part of efforts to address port congestion.
THE ENERGY department’s 15-year national road map for energy efficiency and conservation will require investments of at least P8.3 trillion to meet its goal of reducing energy demand by 125 million tons of oil equivalent by 2030, an industry association said.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 4-2016 dated Jan. 25, 2016, which provides for additional guidelines on the BIR’s internal processing of applications for compromise settlement, abatement or cancellation of internal revenue tax liabilities provided for under Section 204 of the Tax Code, as amended.
THE GOVERNMENT needs to pursue different avenues for lending to coconut farmers ahead of the planned sale of its stake in the United Coconut Planters Bank (UCPB), a bank official said, with servicing the sector’s needs is not a good fit for a commercial bank.
THE DEPARTMENT of Energy (DoE) is to form a technical working group composed of industry participants that will look into setting minimum energy performance standards for cars and light duty vehicles.
(Second of two parts) In the first part of this article, we talked about provisions of the Organisation for Economic Co-operation and Development’s (OECD’s) final report on Base Erosion and Profit Shifting (BEPS) Action Plan 14, which reflects the commitment of participating countries to implement substantial changes in their approach to dispute resolution in the area of tax treaties.
PREPARATIONS for the first tranche of salary increases for government workers are under way at the Budget department, Malacañang announced on Thursday, despite a Congressional impasse on a unified version of the legislation.