THE FISCAL DEFICIT could further narrow this year as revenue growth continues to outpace spending and debt payments decline as a share of the state’s expenses, Standard Chartered said.
Aug 052015
BusinessWorld Online: Economy
Aug 052015
ILOILO CITY — Metro Iloilo Water District (MIWD) is gearing up for privatization next year via the auction of its distribution operation and a Swiss challenge to the unsolicited proposal by Metro Pacific Investments Corp. (MPIC) for a bulk supply project.
Aug 052015
Vigilantibus sed non dormientibus jura subveniunt. The law aids the vigilant, not those who slumber on their rights. Last June, no less than the Court of Tax Appeals (CTA) reminded us of the truth and application of this time-honored doctrine of law in an action for recovery of erroneously paid taxes (CTA Case No. 8147 dated 22 October 2014 as amended on June 10, 2015). In this case, the taxpayer was issued a Preliminary Assessment Notice (PAN) in connection with a tax investigation covering the taxable year 2002. Due to the execution of four consecutive waivers, the PAN was issued only in 2008, or five years after the filing of the tax return.
Aug 042015
ASIA-PACIFIC economies should create a region-wide standard for public-private partnership (PPP) projects to help fast-track approvals and reduce costs, Finance Secretary Cesar V. Purisima yesterday said.
Aug 042015
A SHIFT to clean energy alternatives from coal-fired plants is needed to avert further increases in global temperatures, an American economist and special United Nations advisor yesterday said.
Aug 042015
THE PHILIPPINES’ total health expenditure (THE) grew steadily in 2013, with more than half of spending still borne by local households, the government reported yesterday.
Aug 032015
SIX COMPANIES so far have signaled their interest in the government’s second-round auction for a public-private partnership (PPP) project to give Metro Manila an alternative water source.
Aug 032015
DAVAO CITY — Banana growers in the Davao Region reported a 68% drop in exports to $94.2 million in the first quarter following a weak harvest due to the prevailing El Niño.
Aug 032015
Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not reporting income earned or stashed abroad.
Aug 022015
MPCALA Holdings, Inc., a unit of conglomerate Metro Pacific Investments Corp. (MPIC), said it may build ahead of schedule the P35.42-billion Cavite-Laguna Expressway (CALAX), even with the government yet to deliver the necessary right of way (ROW).