THE PHILIPPINES will host the regional Salon International de l’Agroalimentaire (SIAL) — “what could be Southeast Asia’s largest food exhibition” — next June, according to a Department of Agriculture (DA) press release yesterday.
Dec 042013
BusinessWorld Online: Economy
Dec 042013
“Many persons read and like fiction. It does not tax the intelligence and the intelligence of most of us can so ill afford taxation that we rightly welcome any reading matter which avoids this.” – Rose Macaulay
Nov 272013
TWO foreign banks have trimmed their Philippine economic growth forecasts this year as a result of super typhoon Yolanda’s (international name: Haiyan) impact.
Nov 272013
FOLLOWING THE Senate approval on third and final reading of the proposed spending plan for 2014 on Tuesday, Congress’s bicameral conference committee will meet next week to harmonize conflicting provisions in the approved budget bills from both chambers.
Nov 272013
TAX incentives are one of the main factors that drive foreign investments into the Philippines; however, confusing interpretations on how to avail of such incentives may be a hindering force that prompts investors to bring their business elsewhere. This ambiguity is made apparent in an administrative tax ruling issued on the deductibility of certain costs incurred by a company registered with the Philippine Economic Zone Authority (PEZA), one of the incentive-giving bodies of the government.
Nov 252013
THE GERMAN Agency for International Cooperation (GIZ) sees a delay in the implementation of the remote sensing data model for the country’s new crop insurance scheme because typhoon Yolanda (international name: Haiyan) battered the project’s pilot testing areas.
Nov 252013
THE DEPARTMENT of Budget and Management (DBM) will retain its policy on the validity of all notices of cash allocation (NCAs) next year as it adopts a new scheme that will allow agencies to use their budgets faster.
Nov 252013
TYPHOON Yolanda has been tagged as the deadliest Philippine typhoon on record and the strongest storm to make landfall in modern history. It has claimed thousands of lives and left many homeless, stunned and grief-stricken. As of Nov. 20, 2013, the National Disaster and Risk Reduction Management Council (NDRRMC) estimated the damage to properties to amount to P12.2 billion. But, as they say, there is always a rainbow after the storm.
Nov 242013
COCONUT oil exports this year will likely fall short of the target again due to the natural calamities that have hit the country, an official of the Philippine Coconut Authority (PCA) said yesterday.
Nov 242013
“SIN” TAX collections more than doubled as of September with the implementation of a new law that raised excise taxes on alcohol and tobacco products.