BusinessWorld Online: Economy

BEPS Action 9: Risk and Capital

Economy

Nov 152015

(First of two parts) Action 9 of the Base Erosion and Profit Shifting (BEPS) 2015 Final Reports deals with transferring risks among, and allocating excessive capital to, group members, as part of the consolidated Actions 8 -10 on aligning transfer pricing (TP) outcomes with value creation. Action 9, together with Action 10 (Other high-risk transactions), revises Chapter I, Section D (Guidance for applying the arm’s length principle) of the Organization for Economic Cooperation and Development (OECD) TP Guidelines.

DoTC rebids regional airport development projects

Economy

Nov 132015

THE TRANSPORTATION department is inviting contractors to join the rebidding of two regional airport development projects worth a combined P1.048 billion in December.

Mercury, cyanide main chemical threats in Davao Region

Economy

Nov 132015

DAVAO CITY — Environment group Ban Toxics has identified mercury and cyanide as the biggest chemical threats in the Davao Region, with both substances mainly used by small-scale miners in the gold-rich area of Mt. Diwalwal in Compostela Valley province.

Bureau of Customs “business as usual” during APEC holidays

Economy

Nov 132015

THE Bureau of Customs (BoC) will continue to operate in three major ports with skeleton staff to continue accepting shipments despite the Metro Manila-wide holiday next week.

Customs sets trial period for e-filing of export documents

Economy

Nov 122015

THE BUREAU of Customs (BoC) has set a three-month trial period for shifting to an electronic system of filing export declarations.

Companies urged to integrate SMEs into their supply chains

Economy

Nov 122015

NEXT WEEK’S Asia-Pacific Economic Cooperation (APEC) SME Summit will call on large corporations to directly include small businessmen in their supply chain to help them “move up” and grow their enterprises.

Smooth sailing seen for raw sugar VAT exemption

Economy

Nov 122015

THE PROPOSED Senate measure exempting “raw cane sugar” from the 12% value-added tax (VAT) is expected to have a smooth time in plenary, with its principal author confident that there will be little to no opposition from other lawmakers once the bill is taken up during deliberations.

Sugar beverage tax measure going to plenary this month

Economy

Nov 112015

PLENARY DEBATE on a proposed law imposing excise tax on sugar-sweetened beverages is expected to start this month after a House panel approved the health and revenue measure.

Telstra to focus on mobile broadband — Ang

Economy

Nov 112015

SAN MIGUEL Corp. (SMC) Chairman Ramon S. Ang said the planned wireless joint venture with Telstra Corp. Ltd. will focus initially on mobile broadband and not prepaid, though he clarified no deal has been made and that he remains open to other potential investors.

The road to financial transparency: Are we ready to share?

Economy

Nov 112015

“Building Inclusive Economies, Building a Better World” is the theme of the 2015 Asia-Pacific Economic Conference (APEC) which the Philippines is hosting. In line with this, the member countries have acknowledged the importance of transparency and the need to work together to avert cross-border tax evasion.

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