A TRADE mission from New Zealand is expected to arrive in the country next week to explore business opportunities, according to a statement yesterday.
May 292014
BusinessWorld Online: Economy
May 282014
TRAVELERS will soon enjoy 14 flights a week to and from Canada, following the conclusion of air service talks yesterday.
May 282014
THE GOVERNMENT has backed the loan financing bids of several local government units (LGUs) hit by typhoon Yolanda (international name: Haiyan) last year, the Department of Finance (DoF) yesterday said.
May 282014
JUST last week, the Philippines hosted the 23rd World Economic Forum (WEF) on East Asia. It was attended by the host country’s leader, President Benigno Aquino III, as well as leaders of other Association of Southeast Asian Nations (ASEAN) countries and over 600 delegates from business, finance and civil society.
May 272014
THE PHILIPPINES and the European Free Trade Association will sign next month a declaration to expand trade relations between the country and EFTA members, the Trade department said in a statement yesterday.
May 272014
THE DEPARTMENT of Trade Industry (DTI) has set business missions to Europe for next month in a bid to boost investments in the country.
May 272014
A LIST of measures intended to ease trade facilitation in the Philippines will likely be submitted to the World Trade Organization (WTO) later this year, an official yesterday said.
May 262014
THE PHILIPPINES is set to hold air service talks with Canada today and tomorrow to expand passenger traffic between the countries.
May 262014
THE GOVERNMENT is considering increasing the capacity allocation for wind power projects under the feed-in tariff (FiT) program.
May 262014
A LOT has been said about tax burden, stifling tax rules, and tight Bureau of Internal Revenue (BIR) assessments. Many taxpayers believe that there’s already too much to bear in terms of the impact of taxes in the Philippines. In particular, for salaried employees, this is very much felt every payday, when they account for their meager take-home money, after being ripped by huge income tax deductions. For the individual investors alike, the weight of tax is felt when they see their corporations subjected to vast corporate income tax, in addition to the dividends tax that they have to pay when they earn their investment yield. Tie these to some recent confusing tax rules and unpredictably bizarre tax assessments, and we can imagine how a taxpayer in the Philippines would take a selfie of his face reacting to such situations.