THE PHILIPPINES and the US have signed two debt swap agreements under which the latter will convert some $31.8 million (P1.34 billion) worth of the Philippines’ liabilities to the US into financing for nature conservation.
A MEASURE to harmonize the fiscal perks granted to companies has been filed in the House of Representatives.
AGRICULTURE Secretary Proceso J. Alcala said in an interview that he has already recommended a 20% provisional tariff on Turkish flour to the Tariff Commission.
PRESIDENT Benigno S. C. Aquino III’s State of the National Address (SoNA) is seen to boost investor and market sentiment as it underlined the administration’s commitment to its good governance and inclusive growth agenda.
PHILIPPINE businesses are not yet ready for the upcoming ASEAN economic community (AEC), a senior bank official said, urging the government to protect the country’s agriculture, financial services and labor sectors.
SOUTH KOREAN businessmen are interested in putting up manufacturing facilities in the country after a delegation recently visited the country, the Trade department said in a statement yesterday.
TENTATIVE tax returns filed by taxpayers are considered final unless an amended return is submitted to correct or complete any deficiencies in the initial filing, according to the Bureau of Internal Revenue (BIR).
CEBU CITY — Deputy Ombudsman for Visayas Pelagio S. Apostol said a fact-finding investigation will soon be conducted on the reported disappearance of 500 sacks of smuggled rice from the Cebu International Port.
MERE RELIANCE on another person in preparing, filing and paying income taxes is not a justification for failure to file the right information on income taxes.
STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) plans to conduct another auction for the privatization of the 153.1-megawatt (MW) Naga power plant complex in Cebu after only one firm pre-qualified to participate in the bidding that was supposed to take place on Wednesday.