THE DEPARTMENT of Agriculture (DA) has acknowledged the unattainability of this year’s output projections, with the El Niño weather phenomenon expected to bring about a “calamity” as it intensifies in the last three months of 2015.
Oct 122015
BusinessWorld Online: Economy
Oct 122015
Last month, the Bureau of Internal Revenue (BIR) padlocked 33 branches being operated by a subsidiary of popular cargo and courier services provider for allegedly unpaid taxes. According to a news report, the BIR said that the company “modified point-of-sale (POS) machines without prior notification.” Issuing BIR-registered official receipts and invoices is very important to the BIR since this is one of its methods to ensure that the sales of businesses are properly subjected to tax.
Oct 112015
A GROUP of upstream petroleum companies has called on the government to honor contracts executed with the private sector, saying issues hampering their proper execution could dampen investor interest.
Oct 112015
MACTAN, CEBU — Transportation officials of the Asia-Pacific Economic Cooperation (APEC) bloc have approved a two-year road map to address the needs of the sector, estimating the infrastructure investment requirement for the region at about $1 trillion worth of infrastructure investments.
Oct 112015
In the past dozen years that the SGV Foundation has been running the Entrepreneur Of The Year Philippines program, it has acknowledged nearly 200 individuals who have contributed positively to the country’s economy and, in effect, to nation-building. When the program was launched in 2003, a basic question we had to grapple with was: what is an entrepreneur? It may sound simple and require an equally simple answer but, in our experience, that is not necessarily the case. What we have learned is that entrepreneurship is very dynamic and diverse; and that an entrepreneur cannot be stereotyped.
Oct 092015
THE HOUSE of Representatives has approved a number of key economic bills, including one introducing reforms to the Philippine central bank, in its closing session late Friday.
Oct 092015
COUNTRIES VULNERABLE to climate change have agreed to develop a pooling mechanism that will distribute risks arising from extreme weather events.
Oct 092015
THE LACK of authority to sign deals by the interim head of the Department of Energy (DoE) is holding back the awarding of new petroleum service contracts and renewable energy deals, but this bottleneck will be resolved as soon as the Palace gives its current head signing authority to do so, said the former head of the DoE.
Oct 082015
THE BUREAU of Customs (BoC) has limited the powers of its officials to issue and lift alert orders on suspicious imports, with the intention of reducing the discretion of its officers and rein in corruption within the agency.
Oct 082015
THE MEASURE establishing a reporting scheme for companies availing of tax incentives will soon head to Malacañang for signing into law, after it hurdled both chambers of Congress.