THE Philippine Competition Commission (PCC) started an investigation into the cement industry this year, with a full report on alleged anti-competitive behavior due by 2019.
Aug 022017
BusinessWorld Online: Economy
Aug 022017
Tax exemptions are often met with reservations and must withstand the strict scrutiny of revenue collectors. After all, taxes are the driving fuel that propels all programs and activities of the state. Absolving persons from their tax liabilities means reducing public funds and restraining the government from actualizing its goals.
Aug 012017
STANDARD Chartered Bank has cut its growth forecast for the Philippines but added that the country will remain the fastest growing in Southeast Asia, supported by favorable domestic conditions that would not need fresh monetary stimulus over the coming year.
Aug 012017
NEW INVESTMENT pledges registered with the Board of Investments (BoI) rose 40% in the first seven months of 2017, putting the agency on course to surpass its full-year target.
Aug 012017
THE PHILIPPINES can afford a fiscal expansion under the proposed P3.767-trillion 2018 budget to fund an ambitious infrastructure push given the positive medium-term macroeconomic outlook and tame inflation despite the peso’s weakness, economic managers said at a budget hearing yesterday.
Jul 312017
LOWER POWER costs last month as well as steady food prices likely tempered the rise in prices of widely used goods in July, the Department of Finance (DoF) said.
Jul 312017
STATE-RUN gaming firm Philippine Amusement and Gaming Corp. (PAGCOR) said its gaming revenue rose 8.4% year on year in the first half, as a new online-gaming revenue stream started to be reflected in its books.
Jul 312017
There have been substantial developments in the reform of the tax system. The President, in his latest State of the Nation Address, sought the assistance of legislators to expedite the approval of the tax reform bill. A significant amendment in this tax reform bill is the lowering of individual income tax rates and estate tax rates. While the lowering of these tax rates is greatly anticipated, I believe that there are other areas in our tax laws which must be given attention to in order to provide adequate relief to taxpayers.
Jul 302017
THE GOVERNMENT will only allow a maximum of one rebidding in the procurement process, and will shorten the bidding period in public-private partnership (PPP) projects, to reduce delays in the administration’s infrastructure buildup, the National Economic and Development Authority (NEDA) said.
Jul 302017
THE MULTI-AGENCY Mining Industry Coordinating Council (MICC) will study the rationalization of taxation for the mining industry, following President Rodrigo R. Duterte’s threat to stop mineral exports and close firms outright for persistent environmental damage.