PREPAYMENTS of foreign loans by public and private firms declined sharply in the first four months of the year, Bangko Sentral ng Pilipinas (BSP) data showed, as the peso weakened against the US dollar.
Jul 272014
BusinessWorld Online: Economy
Jul 272014
PAYING THE government certain amounts primarily due to legislation is often customary or necessary in conducting a business. In our current business environment where compliance with legislation is paramount, businesses are compelled to pay and settle these obligations. Failure to comply with these obligations has implications ranging from imposition of penalties to revocation of licenses or business permits.
Jul 252014
THE COUNTRY’S outstanding public sector debt (OPSD) reached P7.654 trillion as of end-2013, the government reported on Friday.
Jul 252014
PHILIPPINE EXPORTS and imports of commercial services in the first quarter grew the fastest in Southeast Asia from a year ago, preliminary data from the United Nations Conference on Trade and Development showed.
Jul 252014
A BILL has been filed seeking to increase from P30,000 to P75,000 the amount in a person’s yearly bonuses and benefits that cannot be taxed.
Jul 242014
TACLOBAN CITY — Rice production in Eastern Visayas dipped in the first half as farmers prioritized rebuilding of their homes over planting.
Jul 242014
THE NATIONAL Power Corp. (Napocor) is bidding out two contracts worth of combined P46 million to boost operations of the Agus and Boac power plants.
Jul 242014
THE DEPARTMENT of Environment and Natural Resources (DENR) has temporarily shut down four nickel mines in Santa Cruz, Zambales after finding their operators failing to comply with regulations.
Jul 232014
BACOLOD CITY — The General Alliance of Workers Association (GAWA) has filed a petition seeking an P85 increase in the daily minimum wage.
Jul 232014
MORE COMPANIES in the extractive industry have submitted waivers to the government for participation in an international revenue transparency standard, allowing authorities to look at their tax payments and credits for reporting under the initiative.