THE PHILIPPINES saw a slight decline in its oil import bill last year, weighed by fewer shipments of crude oil during the period, data from the Energy department showed.
Mar 092014
BusinessWorld Online: Economy
Mar 092014
SUBSIDIES to state firms rose 55.57% last year from 2012 levels as the government gave more financial assistance, data from the Bureau of the Treasury showed.
Mar 092014
“GOING GREEN” has rapidly become the new norm for the industries of tomorrow. This mindset — coupled with initiatives and policies that focus on climate change, resource scarcity, and increased consumer, industry and political interests — is putting pressure on businesses to evolve from traditional technologies to more innovative ones. In this environment, it is inevitable that clean technologies for efficient resource consumption, renewable energy, biofuels, information technology, and waste reduction and management, among others, will lead to a paradigm shift in business practices.
Mar 072014
AIR SERVICE talks have yielded more weekly seat allocations between the Philippines and New Zealand.
Mar 072014
THE CUSTOMS bureau suspended the accreditation of over 100 importers and brokers due to alleged violations of the agency’s policies and procedures in filing import documents as part of continuing reform efforts.
Mar 072014
THE POLICY-making Monetary Board is bullish on the country’s expansion, saying that the Philippines may record “above-trend growth”, but recognized that volatility in financial markets will remain a challenge in the near-term.
Mar 052014
THE PHILIPPINES is studying a possible ASEAN free trade agreement (FTA) with Hong Kong, Trade Secretary Gregory L. Domingo yesterday said.
Mar 052014
BUSINESSMEN from Malaysia and the Philippines have agreed to explore investment opportunities in each other’s palm oil, rubber, infrastructure, and tourism sectors, Trade Secretary Gregory L. Domingo yesterday said.
Mar 052014
THE BUREAU of Internal Revenue (BIR) has the gargantuan task of collecting P1.4 trillion in tax revenue for 2014. Consequently, various revenue issuances have been circulated to enhance tax compliance and intensify collection efforts. One such issuance is Revenue Memorandum Circular (RMC) No. 11-2014, clarifying certain issues arising from amendments introduced by Revenue Regulations No. 18-2013 on RR 12-99 relative to the tax assessment process. In fine-tuning policy interpretations, the RMC raises several points of interest.
Mar 042014
THE CUSTOMS bureau has expanded its importation lists, which are published monthly, to include non-dutiable items entering the country, it said yesterday.