CLIMATE and weather will loom large in determining sugarcane yields in 2016, a year that the Sugar Regulatory Administration (SRA) expects to bring greater challenges.
Dec 282015
BusinessWorld Online: Economy
Dec 282015
DAVAO CITY — Tourism stakeholders have started preparing a plan that will be presented to the incoming administration, with participants considering whether to focus on increased visitor spending amid steadily increasing tourist volumes.
Dec 282015
Now that the gifts have been unwrapped and the countless Christmas parties are done, we now look to the preparations for the new year. Some of us are probably still enjoying the much needed vacation while some of us are back at the office looking forward to the next set of holidays which start tomorrow. Soon after, we will bid adieu to 2015 and welcome the new year — what better time to look back at the events that shaped our lives in the past year?
Dec 272015
AN EXECUTIVE order (EO) for the proposed standardization of compensation for employees of government-owned and controlled corporations (GOCCs) may be issued by President Benigno S. C. Aquino III after he receives the bill from Congress that will trigger a fresh round of salary increases for the public sector by 2016, the head of the agency overseeing government-led corporations said.
Dec 272015
THREE GOVERNMENT agencies have jointly issued the guidelines on how car makers and auto parts manufacturers can take advantage of the fiscal incentives offered under the Comprehensive Automotive Resurgence Strategy (CARS) Program.
Dec 272015
Hybrid mismatch arrangements are the focus of the 2-part Action Plan 2 of the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting (BEPS) initiative. Hybrid Mismatch Arrangements abuse differences in the tax treatment of an instrument (i.e., a hybrid instrument) or an entity (i.e., a hybrid entity) by separate jurisdictions to reduce or eliminate taxes. Action Plan 2 contains recommendations for changes (i) to domestic tax rules of taxing jurisdictions, and (ii) to the OECD Model Tax Convention, to neutralize the effects of hybrid mismatch arrangements. Part I of Action Plan 2 provides guidance on how countries should implement and apply the recommended rules, and emphasizes that the rules were designed to neutralize mismatches and not simply to minimize tax benefits. The rules should be comprehensive, apply automatically and consistently, avoid double taxation via rule coordination, and minimize disruptions to existing laws. In addition, they should be clear and transparent in their application; provide for flexibility as these are incorporated into each jurisdiction; be workable for taxpayers and entail minimum compliance costs; and minimize administrative burdens on tax authorities.
Dec 222015
THE TOURISM department is batting for the development of ocean passenger terminals to enhance the country’s ability to host cruise ships, which capture more value for the economy than mere port calls.
Dec 222015
PRESIDENT Benigno S. C. Aquino III signed the P3.002-trillion national budget for 2016 on Tuesday, a spending program intended to bring the economy to growth levels of up to 8%, powered by infrastructure.
Dec 222015
ONLINE job hiring in the Philippines dropped by 46% in November, marking a third straight month of decline to the indicator’s lowest level so far this year.
Dec 212015
A STUDY of consumer attitudes and priorities identified the Mercury Drug store network as the most accessible among leading retail chains, followed by Puregold Price Club, Inc. and the various retail operations of the SM Group.