AROUND SIX Philippine companies have expressed interest to invest in new ships to modernize the maritime industry, months after the government announced a program of incentives.
Jan 242016
BusinessWorld Online: Economy
Jan 242016
Fiscal and non-fiscal incentives have, for many years, formed an integral part of the government’s efforts to promote domestic and foreign direct investment (FDI). The question that has always been raised is whether these incentives — particularly the tax or fiscal incentives — are costing the government more compared to the benefits that the FDI brings. Until recently, there was no system to properly account for the tax incentives granted to these businesses, and the government has been unable to determine the magnitude of its exposure on these incentives.
Jan 222016
THE Department of Agriculture will focus this year on livestock and poultry production to counter the effects of the El Niño phenomenon and damaging typhoons, the full impact of which are expected to be felt in the coming months.
Jan 222016
ASEAN tourism ministers announced their plan for 2016-2025, citing the need to focus on the quality of offerings as the region prepares for an expected 152 million international arrivals by the end of that period.
Jan 222016
Legislators retained provisions in the Customs Modernization and Tariff Act (CMTA) increasing the ceiling for tax-exempt items sent home by Filipinos overseas, as well as those granting additional benefits for Overseas Filipino Workers (OFWs).
Jan 212016
REMITTANCES may suffer big blow should ongoing tensions between Saudi Arabia and Iran spill over to the rest of the Middle East, a central bank official said, as it would limit opportunities for overseas Filipinos to find jobs elsewhere in the region.
Jan 212016
THE BUDGET department has issued the call for government agencies to start drawing their spending plans for next year.
Jan 212016
CAGAYAN DE ORO CITY — Regional delegates are staging a five-day meeting in this city to evaluate the Philippine cooperative experience for possible application in developing economies such as Sri Lanka and Bangladesh.
Jan 202016
GROWTH in gross domestic product (GDP) could come in close to 6% in 2015, Bank of the Philippine Islands (BPI) said, and is poised to hit the high end of projections in 2016 due to improved public spending and a demand boost from the national elections.
Jan 202016
THE OUTFLOW of funds from the Philippine stock market in December was based mainly on sentiment, the Finance department’s chief economist said, and recommended that the government continue to talk up positive factors like the strength of the economy and corporate profits.