GROWTH in the fourth quarter was likely the fastest in 2015, ING Bank said, due to “favorable” developments in government spending late in the year.
Jan 122016
BusinessWorld Online: Economy
Jan 122016
ORGANIZATION of the Petroleum Exporting Countries (OPEC) will soon make efforts to convene before the next scheduled meeting in June as the slump in oil prices is hurting producers, including the world’s biggest exporter, Saudi Arabia, said Emmanuel Kachikwu, Nigeria’s minister of state for petroleum resources.
Jan 112016
A PROPERTY-DRIVEN banking bust remains far-fetched with Philippine institutions well-provisioned against loans turning sour, the Bangko Sentral ng Pilipinas (BSP) said, citing initial results of stress tests.
Jan 112016
THE PHILIPPINES stands to gain $10 billion worth of “co-benefits” annually from slashing 50% from its carbon emissions by 2050, the Asian Development Bank (ADB) said in a report launched yesterday.
Jan 112016
It is day 12 of 2016. Corporations, partnerships, professionals and sole proprietorships should already be working on the renewal of their respective business registration/permits with the local government units (LGUs). I’m sharing in this article some issues that business establishments may encounter in the renewal of their business registration.
Jan 102016
PREPARATIONS made ahead of the “severe” El Niño are expected to provide a boost to the economy, even with the dry spell posing a downside risk to growth, the Budget secretary said.
Jan 102016
THE GOVERNMENT extended more subsidies to state-owned firms in November, supporting mostly agencies involved with agriculture, water and health as El Niño ravaged the countryside.
Jan 102016
Action Plan 6 of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) final reports identifies treaty abuse, particularly treaty shopping, as one of the most significant causes of BEPS. It recognizes that existing domestic and international tax rules, including double taxation treaties, should be modified to include sufficient safeguards against practices that take advantage of the differences in domestic tax systems of countries and the gaps in the implementation of tax treaties. Countries have therefore agreed to include anti-abuse provisions in their tax treaties, including a minimum standard to counter treaty shopping.
Jan 082016
THE PHILIPPINES needs more quality jobs to further hasten growth in an economy that continues to depend partly on remittances, the Asian Development Bank (ADB) chief said on Friday.
Jan 082016
THE PHILIPPINES continues to keep close watch on potential economic fallout from the normalization of monetary policy in the United States and the growth track of other economies, including China.