THE GOVERNMENT’S track record of underspending, which amounts to more than P600 billion since 2011, indicates that it has some leeway to cut income taxes, on which the estimated foregone revenue is only P30 billion, former Senate Finance Committee Chair Francis G. Escudero said in a statement on Sunday.
ILOILO CITY — Developing more aquatic farms for the cultivation of fish and water plants could provide a boost to food security while curbing illegal fishing, said officials at the ongoing Asia-Pacific Economic Cooperation (APEC) meetings on Food Security and Blue Economy.
All over the world, people and industries are seeing the dramatic effect of technology. As new innovations are developed, new industries, services and business models are also created. One such area is in financial technology, or FinTech, which was the theme of the keynote address at a recent EY Banking and Capital Markets Symposium held in Singapore. The focus of the speaker was on the evolution of banks in the FinTech space and the view that up to 20% of traditional bank revenue is at peril due to FinTech.
ADDITIONAL FUNDS are being sought for the government to support state programs as the country pursues the Sustainable Development Goals (SDG) by 2030.
THE PHILIPPINES is in the eye of a global economic storm, with private consumption and investment expected to support overall local output against volatility in the rest of the world, an economist from Standard Chartered yesterday said.
DAVAO CITY — Apo Agua Infrastructura Inc. (AAII), a joint venture between listed Aboitiz Equity Ventures, Inc. (AEV) and JV Angeles Construction Corp., is planning to raise funds for its P10-billion bulk water supply project here.
THE GOVERNMENT plans to release next week the underlying rules governing the implementation of the automobile industry policy, an official from the Trade department said yesterday.
THE PHILIPPINES will be aiming for a higher position in the global competitiveness rankings after achieving its goal of landing in the top third of this year’s World Economic Forum list, an official from the public-private National Competitiveness Council (NCC) said yesterday.
Corporate Social Responsibility (CSR) has attracted attention recently as a worthy component of good business practice. It is now considered a vital area of interest in light of the growing awareness that business must assume greater accountability for societal development. Whether it is motivated by the need to ensure corporate sustainability, to acknowledge the expectations of its stakeholders, to create business opportunities, or to undertake a genuine concern in improving conditions of society, corporate leaders and strategists are beginning to understand the various perspectives and benefits of CSR in relation to corporate performance and its operating environment.
A HOUSE of Representatives panel has approved a measure that seeks to exempt part of the electricity bill from value-added tax (VAT).