CARGO VOLUME at Philippine ports rose 6.34% year on year in the first four months of 2015, led by strong growth in import container shipments, the Philippine Ports Authority (PPA) said.
Jun 232015
BusinessWorld Online: Economy
Jun 232015
THE BANGKO Sentral ng Pilipinas (BSP) is expected to keep policy settings unchanged when monetary authorities meet tomorrow, amid robust private consumption and improved government spending, an ING Bank N.V. analyst said.
Jun 232015
FOREIGN COMPANIES are in talks with electric vehicle (EV) companies in the Philippines for possible partnerships, the industry’s trade association said in a statement.
Jun 222015
THE CENTRAL Luzon Link Expressway (CLLEx) will likely not be awarded before the government’s term ends, a Public Works official said yesterday, with the public-private partnership (PPP) components of the project yet to be rolled out.
Jun 222015
THE MINES and Geosciences Bureau (MGB) wants to more than double its budget for the next fiscal year to accommodate its priority programs, according to a statement posted on its Web site.
Jun 222015
The Bureau of Internal Revenue (BIR) appears to have stepped up its filing of tax evasion charges. Just this month, the BIR filed with the Department of Justice five tax evasion cases, an offshoot of its intensified tax assessment and collection efforts. If found guilty, tax evaders are subject to imprisonment and fine. What is tax evasion?
Jun 212015
THE PHILIPPINES is close to hitting its raw sugar production target for the crop year ending August even though output remained sluggish compared to the previous year, an official from the Sugar Regulatory Administration (SRA) said.
Jun 212015
THE GOVERNMENT has moved the timetable for the P18.99-billion modernization of Davao Sasa Port under the public-private partnership (PPP) program, to allow more time for interested parties to prepare.
Jun 212015
As businesses and companies become increasingly global, fraud, bribery and corruption become even more pressing concerns. Discerning executives know that companies which become involved in bribery and corruption scandals could face losses in terms of resources, clients, and reputation. Financial outflows, time lost to possible investigations and litigation, and damage to brand and relationships are all risks associated with corruption.
Jun 182015
THE DEPARTMENT of Transportation and Communications (DoTC) has formally decided to bid out in two separate bundles the five regional airport contracts under the public-private partnership (PPP) scheme — worth a cumulative P108.19 billion — and finalized the exclusion of the Puerto Princesa airport.