A PROPOSAL to reduce income taxes will move forward at the House of Representatives next week, a senior lawmaker said, with expanded exemptions for more workers and a lowering of the top tax bracket to 30% under consideration.
Sep 012015
BusinessWorld Online: Economy
Sep 012015
DAVAO CITY — The Plant Quarantine Service (PQS) at the Bureau of Plant Industry is setting up a database that will identify and accredit Cavendish banana exporters to deter so-called “pole-vaulting,” the practice of growers selling to other parties a crop already contracted to exporters.
Aug 312015
ONLINE HIRING activity in the Philippines declined by 36% year on year in July led by the production, manufacturing, and automotive sectors amid “economic uncertainty in the region,” according to the Monster Employment Index (MEI) released yesterday.
Aug 312015
FOREIGN BUSINESS groups prodded Congress to approve two measures that will remove foreign ownership restrictions for financial companies.
Aug 312015
The Court of Tax Appeals (CTA) has decided and Philippine Economic Zone Authority (PEZA) companies have accepted that they will be paying regular corporate income tax on the sale of scrap material. This change in interpretation came about after the CTA in division issued its decision in the case of Nidec Copal Philippines Corp. (Nidec), a PEZA-registered enterprise, and which was affirmed by the CTA en banc in 2008. Prior to this case, the BIR has been ruling that income from sale of scrap arising from the registered activity is subject to the same tax regime as the registered activity.
Aug 302015
DESPITE OPPOSITION from local carriers, the Philippines and the United Arab Emirates (UAE) signed a new air service agreement, increasing their mutual entitlement to 35 flights a week from the current 28, the Civil Aeronautics Board (CAB) said over the weekend.
Aug 302015
NEW RENEWABLE energy (RE) service contracts are expected to be awarded to developers this week, an official from the Energy department said, noting this will mark the conclusion of the second round of open and competitive selection process (OCSP 2).
Aug 302015
(First of two parts) As professionals, we organize “projects” to solve the problems of our working world. The structured grouping of similar initiatives to deliver on a goal, commonly referred to as “project,” has long been an efficiency tool in the management tool chest, and yet do we really know what a successful project looks like?
Aug 282015
TRADE and investments were among the subjects of a bilateral meeting between President Benigno S. C. Aquino III and visiting Thailand Prime Minister Prayut Chan-o-cha on Friday, with both leaders highlighting the benefits of the countries’ relations.
Aug 282015
NOTING that the government’s 7-8% gross domestic product (GDP) growth target is “unattainable”, Senate President Franklin M. Drilon has called on economic managers to reassess the country’s current state to see what is doable moving forward.