THE PHILIPPINES can take advantage of capital flows from aging Asian economies by opening up local industries such as manufacturing and agribusiness, an analyst said, which could further prop up foreign direct investment (FDI) and create more jobs.
ROBUST ECONOMIC growth in 2015 gives the central bank cover to maintain monetary policy settings throughout the first half of the year as rates prove supportive of sustained expansion, DBS Bank said.
THE PHILIPPINES could see a year-on-year recovery in foreign direct investment (FDI) if the government does more to build on the reforms which have boosted the manufacturing and financial sectors, the Finance department’s chief economist said.
THE UNITED STATES is engaged in talks with the Philippines to address areas of reform to get the country ready for the Trans-Pacific Partnership (TPP), with Washington considering it to be a significant economy that will eventually join the free-trade bloc “down the road,” Ambassador Philip S. Goldberg said.
A tax refund is one of the most tedious processes in our tax system, if not the most. Refunds are in the nature of tax exemptions construed strictly against the taxpayer. However, this doesn’t necessarily mean that the taxpayer is at the mercy of government power. In our system of taxation, statutory procedures protect the rights of the taxpayer.
THE GOVERNMENT continued to exceed its target excise tax collection from tobacco and alcohol products on the third year of the Sin Tax Reform Law’s implementation.
PANABO CITY — About P1 billion will be invested by the Anflo Management and Investment Corp. (Anflocor) for the development of its 63-hectare Anflo Industrial Economic Zone here, while locators are expected to bring in at least P10 billion more.
THE HOUSE of Representatives on Monday night gave third-reading approval for a measure seeking to extend the use of a special agricultural fund to 2022.
LEGISLATION creating a separate agency to undertake foreign trade agreements was approved by the Senate yesterday, sending that chamber’s version into bicameral session where it will be harmonized with the House version approved as early as 2014.
MORE COMPANIES engaged in oil, gas and mining businesses are opening their books for government and public scrutiny, according to the Philippine Extractive Industries Transparency Initiative (PH-EITI).