THE DEPARTMENT of Transportation and Communications (DoTC) formally bid out yesterday the P836.46-million contract to upgrade the ancillary systems of Metro Rail Transit Line 3 (MRT-3).
May 212014
BusinessWorld Online: Economy
May 212014
WHO among us has not heard of the Bureau of Internal Revenue (BIR) running after taxpayers who have allegedly failed to pay their correct taxes? By now, most of us are aware of the BIR’s shame campaign, issuing Tax Watch advertisements that draw the public’s attention towards what may be perceived as deliberate non-compliance by certain individuals or groups. For instance, one of these advertisements showed a doctor sitting on the shoulders of a teacher, with the slogan, “When you don’t pay your taxes, you’re a burden to those who do”. Other advertisements are geared towards other professions and even top companies.
May 202014
THE PHILIPPINES is expected to surpass its fisheries production target in 2016 if the 10-year production trend continues, according to a report by the Asian Development Bank (ADB).
May 202014
THE SUPREME COURT (SC) has cleared National Power Corp. (Napocor) of paying tax dues to the Bataan Provincial Government, saying the passage of the Electric Power Industry Reform Act of 2001 (EPIRA) removed the state’s firm liabilities.
May 202014
FINANCE Secretary Cesar V. Purisima stressed that the country would not consider Charter change (Cha-cha) to accommodate participation in the Trans-Pacific Partnership (TPP) until it observes how the first wave of countries to join the agreement will proceed.
May 192014
A RISING peso, the inadequate volume of farm exports, and any letup to the recovery of the biggest markets for Philippine exports may prevent shipments of merchandise goods from achieving growth targets, an official of the public-private Export Development Council (EDC) yesterday said.
May 192014
THE TRADE department is looking to develop the local animation and gaming sector, hoping to capture a slice in an industry projected to balloon to $243 billion by 2016.
May 192014
IN AN effort to curb incidents of smuggling and to root out well-entrenched corruption in the Bureau of Customs (BoC), the Department of Finance issued Department Order No.12-2014, dividing the accreditation into two phases: Bureau of Internal Revenue (BIR) accreditation and BoC accreditation.
May 182014
THE GOVERNMENT’S debt payments declined by almost 30% in March, data from the Bureau of the Treasury showed.
May 182014
DAVAO CITY — Mindanao’s power distributors want to lower the Interim Mindanao Electricity Market’s (IMEM) offer cap, a figure that would influence power price trading, to P22 per kilowatt-hour (kWh) from the P32 previously approved by the Energy Regulatory Commission.