PHILIPPINE economic growth prospects remain rosy given healthy demand and supply conditions, monetary authorities noted during their policy meeting last month.
Apr 232015
BusinessWorld Online: Economy
Apr 232015
DAVAO CITY — Banana production increased by 2.8% in 2014 to 8.88 million metric tons (MT), according to the Bureau of Agricultural Statistics’ (BAS) Major Crops Bulletin, but this year’s output could suffer a setback as the prevailing mild El Niño has started to affect harvest.
Apr 232015
KALIBO, AKLAN — A system that allows generators to run on waste cooking oil will be offered to high-end resorts and hotels, which are seen as natural customers for the product because they generate large amounts of the needed fuel in their daily operations.
Apr 222015
EMPLOYMENT GROWTH in large Metro Manila enterprises slowed to 1.02% year on year in the fourth quarter of 2014 from 3.22% a year earlier, with the expanding services sector remaining the main job engine, according to the quarterly Labor Turnover Survey issued by the Bureau of Labor and Employment Statistics (BLES).
Apr 222015
PHILIPPINE export earnings from abaca fiber improved at the end of November 2014 amid higher production, according to the Philippine Statistics Authority (PSA).
Apr 222015
It is possible. Before we delve into the idea of triple taxation, a brief discussion on double taxation is necessary. Generally, tax treaties afford taxpayers with relief from double taxation. The Philippines currently has tax treaties with 42 other states. To date, 39 of these treaties are in force (the treaties with Kuwait and Nigeria being the most recent additions). All these treaties are bilateral in nature and, as such, may only allow so much relief as its two signatory states can afford — relief from their respective taxing powers, and logically so.
Apr 212015
THE PHILIPPINE economy could get an added boost in the next six years if the Aquino administration’s successor rolls out public-private partnership (PPP) projects in the pipeline, a Department of Finance (DoF) official yesterday said.
Apr 212015
PHILIPPINE economic growth is expected to accelerate this year, boosted by remittance flows, the business process outsourcing (BPO) sector, and cheap oil, a Washington D.C.-based think tank yesterday said, though it added that the pace of expansion could remain well below the government target.
Apr 212015
NABAS, AKLAN — A subsidiary of PetroWind Energy, Inc. (PWEI) intends to start commercial operations of its 36-megawatt (MW) wind farm here by the middle of this year.
Apr 202015
LISTED Megawide Construction Corp. said it is in talks with potential partners to undertake a joint bid for the P50.18-billion prison to be built at the Fort Magsaysay military reservation in Nueva Ecija.