THE GOVERNMENT will transfer a number of foreign airlines’ operations from Ninoy Aquino International Airport Terminal 1 (NAIA-1) to Terminal 3 (NAIA-3) in April to alleviate congestion in the older terminal.
(First of two parts) WITH the Bureau of Internal Revenue (BIR) ’s intensified focus on enforcement and audits, taxpayers need to understand the investigation and assessment process and the available remedies under the law, particularly now that the recently issued Revenue Regulations (RR) No. 18-2013, dated Nov. 28, 2013 and which took effect on Dec. 15, 2013, introduced major changes to the BIR’s assessment processes.
THE ENERGY department has formally declared an oil discovery onshore Cebu province after the firm behind Service Contract (SC) 44 successfully flowed oil from an exploration well drilled last year.
PALO, LEYTE — A Philippine Coconut Authority official has projected a 10% annual decline in the volume of coconut oil exports after super typhoon Yolanda (international name: Haiyan) severely damaged coconut farms in Eastern Visayas, the country’s second top coconut-producing region.
THE FILINVEST-CHANGI Airports consortium has asked the Transportation department to disqualify two of the parties that submitted offers for the multi-billion airport deal of the government due to conflict of interest, a claim that one party declared a false allegation.
PALO, LEYTE — The national government has set aside P2.8 billion this year to rehabilitate the country’s coconut industry, which was badly damaged by super typhoon Yolanda (international name: Haiyan).
THE PHILIPPINE government hopes to meet with Russian officials next month regarding the expansion of the two countries’ air service agreement, a senior regulator said.
AT LEAST three trade missions from the United Kingdom (UK) are expected to visit the Philippines in the first half of 2014 as part of the goal to double bilateral trade in the next five years.
THE TRANSPORTATION agency looks to bid out the P1.4-billion Light Rail Transit Line 1 (LRT-1) North Extension Project, otherwise known as the Common Station, in the first semester of next year, a government official said.
THE BANGKO Sentral ng Pilipinas (BSP) projects that business process outsourcing (BPO) and tourism receipts will continuously grow in 2013 and 2014, supporting the country’s balance of payments (BoP) position.