THE GOVERNMENT’S tax and revenue effort went down year-on-year in the first quarter despite improved collections alongside a better-than-expected expansion of the economy.
Jun 052013
BusinessWorld Online: Economy
Jun 052013
EVER SINCE the Philippines opened its doors to global trade, our country has experienced a radical change when it comes to business opportunities for foreign investors. Despite the foreign equity safeguards in the 1987 Constitution, Congress passed the Foreign Investments Act (FIA) of 1991, as amended, and Republic Act (RA) 8762, otherwise known as the Retail Trade Liberalization Act of 2000. These laws paved the way for more favorable and concrete guidelines for investors to consider before taking a plunge in the local business market.
Jun 042013
STATE BORROWINGS more than doubled year-on-year in April as the government raised both the domestic and foreign components of its debt during the month.
Jun 042013
FORECAST ROBUST growth within the Association of Southeast Asian Nations (ASEAN) is expected to prop up the real estate sector on the back of strong domestic demand, according to a report from consulting firm Jones Lang LaSalle released yesterday.
Jun 042013
A FIAT has been issued by President Benigno S. C. Aquino III defining the organizational structure of the Public-Private Partnership Center for a more efficient implementation of programs and projects.
Jun 032013
NEARLY ?28 billion in dividends from state-run companies were turned over to the government yesterday, higher than last year’s remittance as a result of better corporate governance.
Jun 032013
FIVE GROUPS have expressed interest to participate in the privatization of the Naga Power Plant Complex (NPPC) in Cebu, the Power Sector Assets and Liabilities Management Corp. (PSALM) said in a statement yesterday.
Jun 032013
ON MARCH 29, 2013, Republic Act (RA) 10378, “An Act Recognizing the Principle of Reciprocity as Basis for the Grant of Income Tax Exemptions to International Carriers,” took effect. The law touches on the tax treatment of international air carriers having landing rights in the Philippines. Many sectors have lobbied for this reform claiming the legislation has long been overdue. The business community is optimistic that the new law will aid in the movement of passenger, goods and commodities and encourage investments in the Philippines in line with the government’s thrust of improving the economy.
May 312013
The Energy Regulatory Commission (ERC) has approved various changes in the rules of the Interruptible Load Program (ILP) in response to an appeal from a distribution utility in Mindanao.
May 312013
CAGAYAN DE ORO — A month after the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) filed an P88-wage hike petition in Northern Mindanao, an official of the Regional Tripartite Wages and Productivity Board said an adjusted wage rate would soon be implemented in the region.