GOVERNMENT agencies face intensified monitoring of their expenditures to ensure that underspending does not hold back economic growth, the Department of Budget and Management (DBM) said in a new issuance.
Jun 092015
BusinessWorld Online: Economy
Jun 092015
A HOUSE of Representatives panel yesterday approved two key amendments to the law governing the power industry, shielding Mindanao’s hydroelectric power assets from privatization while mandating incentives for projects deemed nationally significant.
Jun 092015
THE BUREAU of Internal Revenue (BIR) said it will stop issuing temporary permits for businesses using cash registers after it discovered that some taxpayers are abusing the system.
Jun 072015
LOWER CRUDE prices dragged down the Philippines’ oil import bill in the first quarter even as more petroleum products were shipped into the country during the period, data from the Department of Energy (DoE) showed.
Jun 072015
TWO PROVINCES in Northern Luzon are expected to benefit from the P250 million worth of road projects approved by the Department of Agriculture (DA).
Jun 072015
Many industries consider millennials, also known as Generation Y or those born between the early 1980s and early 2000s, as their largest market for growth. Given the proclivities of millennials, this seems particularly true in the areas of technology, social media, and information delivery. Yet, companies should also consider millennials not just as a market, but also as a significant segment of their human resources. Studies from the US Bureau of Census have shown that millennials now comprise the largest segment of the American work force, and the same likely holds true for the rest of the world. In fact, projections estimate that millennials will form 50% of the global work force in the next five to 10 years.
Jun 042015
TEN POWER generation projects with combined capacity of 410 megawatts (MW) have been added to the country’s power supply so far this year.
Jun 042015
THE BUREAU of Customs (BoC) has issued a clarification on the use of surety bonds for Philippine Economic Zone Authority (PEZA) locators as it starts the mandatory implementation transshipment document filings via the agency’s electronic system.
Jun 042015
DAVAO CITY — The city government will open the Sta. Ana Wharf development project within the next three months for bids that will challenge the P39-billion unsolicited proposal submitted by Mega Harbour Development Corp.
Jun 032015
THE PHILIPPINES needs to be “very very cautious” about becoming a member of China’s Asia Infrastructure Investment Bank (AIIB), President Benigno S. C. Aquino III said at a conference in Japan on Wednesday, with the government obliged to consider Beijing’s behavior in the Scarborough Shoal crisis of 2012, during which the Export-Import Bank of China (China EximBank) called in a loan that was to fund a rail line to Clark International Airport.