A PLAN to digitize bid submissions in public works projects has been pushed back as the private firm tapped to create the online platform asked for more time to finish the system, a senior Budget official said.
Aug 022015
BusinessWorld Online: Economy
Aug 022015
(Second of two parts) In our July 13, 2015 column, we looked at some of the general features of a trust corporation, as well as some of the recent changes that were introduced by the Bangko Sentral ng Pilipinas (BSP) on the requirements under BSP Circular No. 710. We now continue with other considerations relating to the establishment of trust corporations.
Jul 302015
THE NATIONAL government expects its key revenue-generating agencies to reach for double-digit growth in collections in 2016, even as both the Internal Revenue and Customs bureaus continue to fall short of targets this year.
Jul 302015
ECONOMIC GROWTH in the second quarter could recover from the slowdown seen in the first three months of 2015 on the back of easing inflation, a pickup in public spending and gains in the labor market, First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a new report.
Jul 302015
THE GLOBAL population is expected to hit more than eight billion in 15 years driven by growth in developing countries, with the population of the Philippines accounting for under two percent of the total, according to the latest projection of the United Nations (UN).
Jul 292015
THE PHILIPPINES can boost exports of technology products to the US, Japan, South Korea, Taiwan, and the European Union (EU) after the World Trade Organization (WTO) agreed to remove tariffs on 201 products, allowing the country to access more than 90% of international markets.
Jul 292015
THE DEPARTMENT of Energy (DoE) is evaluating geothermal energy sites that can be offered to investors for development and utilization, an official told reporters in Pasig City yesterday.
Jul 292015
For people who know each other well, non-verbal communication may transcend the limits of words. One can choose to be silent, and still be understood. This, however, may not hold true for all occasions. Sometimes, we need to speak up in order to be heard and understood. This principle resonates in a case dated Feb. 4, 2015 in which the Supreme Court (SC) favored the taxpayer who invoked the defense of prescription, notwithstanding that such defense was never raised in the protest filed before the Bureau of Internal Revenue (BIR) nor on appeal with the Court of Tax Appeals (CTA).
Jul 282015
THE REAL ESTATE industry is poised to continue growing due to the outsourcing industry, but the government’s chief economic planner noted “critical constraints” holding back the sector such as poor infrastructure and property market transparency, as well as foreign ownership restrictions.
Jul 282015
THE HOUSE of Representatives will have its version of the fiscal incentives rationalization bill ready by year’s end, a senior legislator said, committing to deliver on one of five priority measures sought by President Benigno S. C. Aquino III in his final State of the Nation Address (SONA).