The correction on the value of the peso against the dollar and a recovering Japanese economy — the Philippines’ largest export market — are seen as boosting the country’s export industry, British bank Barclays said.
May 312013
BusinessWorld Online: Economy
May 302013
THE GOVERNMENT needs to increase its infrastructure spending if it wants to be able to compete in an integrated regional market, an economist said.
May 302013
FILIPINO BUSINESSES feel the government is not taxing enough entities and are not including more people into the tax base, an international survey showed.
May 302013
THE NATIONAL Grid Corp. of the Philippines (NGCP) reduced the frequency of its transmission line trippings last year, as it continued to improve its facilities.
May 292013
THE TRADE department is preparing a scheme that will provide duty-free importation of equipment for industries as the country prepares to compete in an integrated regional market.
May 292013
ANOTHER RUNWAY of the Ninoy Aquino International Airport (NAIA) has been opened to decongest air traffic.
May 292013
THE VAT TREATMENT of sale of motor vehicle by persons who are not in the regular business of selling cars has often been raised as an issue in tax examinations. The provision usually cited is Section 105 of the Tax Code which provides that VAT shall be imposed on any person who, in the course of trade or business sells, barters, exchanges, leases goods or properties, and renders services. The phase “in course of trade or business” is defined in the same section as “the regular conduct or pursuit of a commercial or an economic activity, including transactions incidental thereto.”
May 282013
TACLOBAN CITY — Coconut oil exports in Eastern Visayas jumped by 205% as of April but farmers have little reason to celebrate as copra prices steadily declined.
May 282013
TALKS BETWEEN the Philippines and Thailand to resolve a row on cigarette taxation was deemed “productive” as both parties hope to finally put the issue to rest.
May 282013
LOCAL government accountants should use a uniform system of reporting, Vice-President Jejomar C. Binay said, calling for the adoption of International Public Sector Accounting Standards (IPSAS).