DAVAO CITY — The development of preserved fruit products, one of the items under the European Union’s (EU) Generalized Scheme of Preferences Plus (GSP+) recently granted to the Philippines, has been declared a priority of the newly-opened Food Processing Innovation Center (FPIC) here.
BUSINESS sector representatives insisted that amendments to the economic provisions of the Constitution remain critical for sustaining growth beyond 2016, and noted that the administration risks losing sight of priorities as it gears up for 2015 with a raft of economic reform bills.
THE AGRICULTURE department has allocated P11 billion for the first year of the Philippine Rural Development Project (PRDP), an initiative funded by a loan from the World Bank.
TAXES are the “lifeblood” that give real meaning to the existence of the government. Without them, the government would be unable to perform its functions and duties. Taxes are the cost of a functioning government and by extension a civilized society.
FILIPINO consumers’ views of their economic prospects in the next six months improved from a year earlier, according to the latest MasterCard Index of Consumer Confidence report, which also showed the Philippines bucking the trend in Asia.
DAVAO CITY — New investment here amounted to P6.3 billion in 2014, almost half of which came from the P3-billion mill set up by Steel Asia Manufacturing, Inc. and the rest coming mainly from real estate development ventures, according to data from the Davao City Investment Promotion Center (DCIPC).
MORE income and excise tax returns can now be submitted online, the Bureau of Internal Revenue said in a new issuance.
THE DEPARTMENT of Trade and Industry (DTI) said it is preparing an “aggressive game plan” to help Philippine exporters maximize the benefits of the European Union’s (EU) Generalized Scheme of Preferences Plus (GSP+) tariff reduction scheme for developing countries.
THE ENERGY department said scheduled maintenance shutdowns of power plants this year will not automatically lead to rotating power outages.
FOREIGN CORPORATIONS operating through a license to do business in the Philippines are covered by the provisions of the Corporation Code. In this respect, similar to domestic corporations, they are regulated by the Securities and Exchange Commission (SEC). Among the obligations of a foreign corporation is the duty to notify the SEC of relevant changes on a timely basis, such as changes in principal office address, accounting period, current set of officers, among others.