THE GOVERNMENT will adopt a unified coding framework for all its transactions next year to increase transparency and enhance the monitoring of its dealings.
Sep 152013
BusinessWorld Online: Economy
Sep 152013
IN THE PHILIPPINES, youth unemployment is becoming a major concern. Unemployment rose to 7.3% in July from 7% in the same month in 2012. Last week, the National Statistics Office (NSO) reported that although the local economy generated 620,000 new jobs, over three million of the more than 41-million-strong labor force remain jobless. Included in the three million unemployed are youth workers, or those who are at least 15 years old and looking for work.
Sep 122013
THE PHILIPPINES will hold air service talks with Israel and Russia before the end of the year to secure seat entitlements from those countries, officials of the Civil Aeronautics Board (CAB) said.
Sep 122013
THE PHILIPPINES has signed an amended tax treaty with Germany to address risks of double taxation on income and gains of firms and individuals in both countries.
Sep 122013
THE NATIONAL Economic and Development Authority (NEDA) Board should discuss the Department of Transportation and Communications’ report on the financial details of the Metro Rail Transit Line 7 (MRT-7) construction project next week, the DoTC chief said.
Sep 082013
THE GOVERNMENT’S revenue and tax efforts improved in the first half on the back of better collections, putting it on track toward meeting its goals for the year.
Sep 082013
PHILIPPINE Electricity Market Corp. (PEMC) seeks to collect some P55.162 million from its customers in Mindanao to cover the cost of establishing and operating the Interim Mindanao Electricity Market (IMEM) this year, as well as the projected cost to run the market next year.
Sep 082013
WHILE there are signs that the global economy may be moving (albeit slowly) towards stability, one thing is clear: the world has changed significantly from the one that we knew just a few years ago. As the centers for trade and economic power shift away from traditional western bastions, analysts are looking to rapid-growth markets (RGMs) to shore up the still-wobbly global economy.
Sep 052013
THE DEPARTMENT of Transportation and Communications (DoTC) has reduced some financial requirements of bidders for the P17.5-billion Mactan-Cebu International Airport (MCIA) rehabilitation public-private partnership project, a special bid bulletin showed.
Sep 052013
THE DEPARTMENT of Budget and Management has released P1 billion to the Interior department for financial subsidies for qualified local government units (LGUs), the DBM said in a statement yesterday.