BusinessWorld Online: Economy

Giving mothers a break

Economy

Jul 302017

After almost 20 years, the government has finally recognized the need to enhance the current maternity leave benefits for women. In March, the Senate approved Senate Bill No. 1305 or the Expanded Maternity Leave Law of 2017 on its third and final reading. Under the bill, female employees in both government service and in the private sector can go on maternity leave for 120 days, regardless of mode of delivery. Moreover, an employee who qualifies as a solo parent under Republic Act No. 8972, is entitled to a maternity leave of 150 days.

Villar hopes DPWH projects completed by end of Duterte term

Economy

Jul 282017

DEPARTMENT of Public Works and Highways Secretary Mark A. Villar said key infrastucture projects entrusted to his department are targeted for completion by the time President Rodrigo R. Duterte steps down in 2022.

BSP moves away from monthly inflation forecasting — Espenilla

Economy

Jul 272017

THE Bangko Sentral ng Pilipinas (BSP) said it will shift its emphasis to two-year assessments of inflation patterns rather than monthly forecasts.

BSP moves away from monthly inflation targeting — Espenilla

Economy

Jul 272017

THE Bangko Sentral ng Pilipinas (BSP) said it will shift its emphasis to two-year assessments of inflation patterns rather than monthly forecasts.

Businesses worried about worsening conditions for foreign investors

Economy

Jul 272017

INDUSTRIALISTS said more government support for micro, small and medium enterprises (MSMEs) could turn out to be a prudent measure if investors are scared away by rising political uncertainty and unrest in the south.

Laguna Water targets no. 3 ranking within water industry

Economy

Jul 272017

MANILA WATER Co., Inc. unit Laguna Water said it plans to be the country’s third-largest water service provider, possibly by 2022.

Tax incentives to become more selective, performance-based

Economy

Jul 262017

THE Finance department said its second tax reform package, which focuses on rationalizing tax incentives for corporations, will be more selective in granting investment perks, including conditions linked to the investor’s performance.

House committee approval for 2018 budget seen by late August

Economy

Jul 262017

THE HOUSE committee on appropriations expects to approve the P3.767 trillion 2018 national budget by late August, its chairman said.

Waves of waivers

Economy

Jul 262017

Some of the important lessons in life we learn from unpleasant experiences. Learning from the mistakes of our past keeps us from repeating them. Wisdom comes from accepting errors and exercising better judgment in the future. The above statements hold true even in tax collection. In the past, the Bureau of Internal Revenue (BIR) lost assessment cases due to the issue of waivers on the statute of limitations for the assessment of deficiency taxes. It may have learned its lesson the hard way, but the Bureau has implemented improved measures stemming from its experience.

Davao cancels P40-B reclamation JV agreement with Mega Harbour

Economy

Jul 252017

DAVAO CITY — Mayor Sara Duterte-Carpio said the city government has terminated the joint venture agreement (JVA) with Mega Harbour Port Development, Inc. in connection with the latter’s unsolicited proposal for a P40-billion reclamation project.

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