AN AGRICULTURE official said yesterday that garlic production is enough, though the country still plans to import to meet demand.
Jun 172014
BusinessWorld Online: Economy
Jun 162014
THE PUBLIC-Private Partnerships (PPPs) involving the Davao Sasa Port and the operation and maintenance of the Puerto Princesa Airport will likely be approved by the National Economic Development Authority — Investment Coordination Committee (NEDA-ICC) this week.
Jun 162014
THE TRANSPORTATION department has urged other airport authorities to take the cue from Ninoy Aquino International Airport (NAIA)’s move to include the P550 terminal fee in airline tickets, starting in October.
Jun 162014
FOR THE PAST decades it has been the policy of the government to encourage direct foreign investments in the Philippines to boost the economy and to provide jobs for the people. To implement this policy, Republic Act No. (RA) 7916 or the Philippine Economic Zone Authority (PEZA) law was enacted with provisions for incentives to foreign investors, to entice them to pour investments into the Philippines. Under RA 7916, PEZA-registered enterprises shall enjoy income tax holiday or 5% tax on their gross income in lieu of all national and local taxes except for real property tax.
Jun 152014
STATE borrowings declined by over 40% in April as the government’s domestic liabilities dropped, data from the Treasury bureau showed.
Jun 152014
THE PHILIPPINES’ oil import bill grew in the first quarter of this year, due to increasing demand for imported fuel, data from the Energy department showed.
Jun 152014
IT IS a common belief that there is no longer any remedy once a deficiency tax assessment by the Bureau of Internal Revenue (BIR) has been rendered final for failure to appeal the disputed assessment or for some other reason — that the taxpayer is left with no choice but to pay the assessed taxes. However, the truth is the taxpayer is not entirely helpless because the Tax Code provides for two possible remedies: compromise or abatement.
Jun 132014
VEHICLE IMPORTERS saw sales surge by over a fifth last month from a year ago on the back of double-digit gains in both passenger car and light commercial vehicle (LCV) segments, an industry group reported on Friday.
Jun 132014
THE INCREASE in average prices of widely used construction materials in Metro Manila, or the National Capital Region (NCR), slowed down last month from the previous year but still picked up from April, the Philippine Statistics Authority reported last June 11.
Jun 132014
PRICES of many farm products sold in trading centers nationwide were stable in the first seven days of this month from the previous week, with only vegetables showing increases, according to data dated June 6 that were posted on the Philippine Statistics Authority’s Web site.