DAVAO CITY — Mindanao registered $7.6 billion in export receipts last year, 15% more than in 2012, despite the natural calamities that have hit the island in the last two years.
Jun 082014
BusinessWorld Online: Economy
Jun 082014
A GREAT deal has been said about the new accreditation process imposed under Department of Finance Department Order (DO) No. 012-2014, dated Feb. 6. It would seem that there is a growing awareness among importers of the two-phase process for accreditation, the documents required to apply for a Bureau of Internal Revenue Importer Clearance Certificate (BIR-ICC) and a Bureau of Customs Importer Accreditation (BoC-IA), as well as the deadline to comply with the new accreditation rules. Most importantly, stakeholders now realize that their respective importer accreditation shall be deemed automatically canceled for failure to comply with the new accreditation rules on or before the scheduled deadlines, which may seriously disrupt business operations and cause large scale revenue loss.
Jun 062014
DAVAO CITY — The governor of Compostela Valley has appealed to the Energy department to suspend a disconnection order against the Davao del Norte Electric Cooperative (DANECO), to avoid losing electricity in the province as well as in Davao del Norte.
Jun 062014
DAVAO CITY — The National Labor Relations Commission (NLRC) has ordered Dole Philippines, Inc. – Stanfilco Division (Dole-Stanfilco) to pay 1,626 workers about P40 million after it lost a case lodged in 1997.
Jun 062014
PRESIDENT BENIGNO S.C. Aquino III has signed a new executive order directing some agricultural agencies to control the spread of pests in coconut farms.
Jun 042014
INVESTMENTS approved by the Philippine Economic Zone Authority (PEZA) grew by more than a third in the first five months of the year amid new projects and expansion of existing firms, the agency yesterday said.
Jun 042014
THE ELECTRONICS industry is keeping its export projections for this year despite the slower than expected growth of the country’s gross domestic product in the first quarter.
Jun 042014
FOLLOWING the turmoil of the global financial crisis and the ensuing years of challenging times for the financial services industry, the need for reliable and accurate measures of risk has been more evident than ever. Regulators and banks around the world are consequentially seeking to implement quantitative methods grounded in sound theory and practical application that are expected to measure risk and reward more effectively.
Jun 032014
THE NATIONAL government’s outstanding debt grew by over 6% year-on-year, as of April, as both the domestic and foreign components of its liabilities increased, the Bureau of the Treasury yesterday said.
Jun 032014
THE MAKATI Business Club has backed other major business groups in their call for the “full implementation” of the Electric Power Industry Reform Act of 2001 (EPIRA) — instead of amending the law — to resolve the country’s energy woes.