IN JUNE 2011, the International Accounting Standards Board (IASB) issued amendments to IAS 19 Employee Benefits. These amendments were subsequently adopted by the Philippine Securities and Exchange Commission as amendments to PAS 19, Employee Benefits. Companies are required to apply the revised standard for annual periods beginning on or after Jan. 1, 2013, with retrospective application.
A POSSIBLE free trade agreement (FTA) between the Philippines and Switzerland may push through as the two countries are set to sign a separate agreement creating a commission to lower tariffs and increase trade.
THE DEPARTMENT of Agriculture (DA) through its National Rice Program (NRP) is now in favor of limited foreign direct investments in agriculture but remains against complete foreign control, a memo released this week said.
CEBU CITY — A team from the Japan International Cooperation Agency (JICA) is expected to arrive here next month to discuss the terms of reference for a master development plan for Cebu.
MORE than 200 contestable customers or those electricity end-users with an average monthly consumption of at least one megawatt (MW) are now being served by their chosen suppliers as the commercial implementation of retail competition and open access (RCOA) began yesterday.
GLOBAL FOREIGN direct investments (FDI) are expected to recover slightly from a general slump in the past year, a new report from the United Nations Conference of Trade and Development (UNCTAD) said.
AS PUBLIC sentiment towards business practices remains highly distrusting, some of the globe’s largest and most influential companies and investors have come together in a bid to promote more open and useful business reporting.
PRESIDENT Benigno S. C. Aquino III expressed disappointment over the National Irrigation Administration’s (NIA) failure to reach development targets at the agency’s 50th anniversary celebration yesterday.
THE GOVERNMENT must improve its spending on climate change initiatives to boost the Philippines’ resilience, according to the World Bank.
THE JAPANESE Embassy is confident that tax refunds due foreign firms will be released as it awaits a schedule of payments from the Philippine government, an official said.