THE PHILIPPINES is studying the benefits of a free trade agreement (FTA) with the four-member European Free Trade Association (EFTA), an official of the Department of Trade and Industry (DTI) said.
Sep 292013
BusinessWorld Online: Economy
Sep 292013
TWO more trade missions from the United Kingdom (UK) will visit the Philippines before the year ends as part of the two governments’ intentions to double trade in the next five years, a British official said.
Sep 292013
SURVIVAL. Growth. Value creation. These are but some of the drivers that management considers when deciding to embark on a transaction for the company. Since transactions never happen in a vacuum, such decisions resonate across the whole organization — touching not only the companies, divisions, and people who are directly undertaking it, but also the stakeholders within and outside the organization.
Sep 272013
THE GOVERNMENT has issued guidelines for the use of the P3-billion public-private partnership strategic support fund (PPPSSF) under the 2012 national budget for the modernization of hospitals under the Department of Health (DoH).
Sep 272013
THE TAX bureau has scrapped the advanced income tax and value-added tax (VAT) or percentage tax payment scheme for “privilege store” or “tiangge” operators, instead tightening rules on the taxation of their transactions.
Sep 272013
ZAMBOANGA CITY — Business leaders in this city are confronted with the problem of convincing investors to continue doing business here as armed conflict has dragged on for almost three weeks now.
Sep 162013
COMPANIES from Chungnam province, Korea, are willing to invest in the Philippines to expand their global operations, some of the firms said yesterday.
Sep 162013
IMPROVEMENTS in the economy have given the Philippines the highest jump among 60 countries on the annual business growth environment list by Grant Thornton International Ltd.
Sep 162013
ASIDE from the pork barrel scam issue, I think that by now, many taxpayers are aware that the Bureau of Internal Revenue (BIR) is working doubly hard to attain its collection goal. One of its strategies to achieve its target is to strictly enforce tax laws. This has resulted in the denial of request for rulings issued to some taxpayers, including the rulings on upstream merger (BIR Ruling No. 508-2012, Aug. 3, 2012), deductibility of royalties (BIR Ruling No. 014-2012, Jan. 4, 2012) and NOLCO (BIR Ruling No. 214-2012, March 28, 2012), among others.
Sep 152013
THE COUNTRY’S oil import bill decreased in the first half of the year on the back of less crude oil shipments during the period, data from the Energy department showed.