THE DEPARTMENT of Information Communications and Technology (DICT) and its stakeholders will submit to the government a draft executive order (EO) proposing the use of telecommuting and other ICT-based solutions to help ease road congestion in Metro Manila and elsewhere in the country.
With tagged as among the Top 10 emerging markets, many domestic companies are acquiring, merging or consolidating their businesses to expand their operations, increase market share, and maintain competitiveness, among others. Under the Philippine Tax Code, gains or losses from the sale, exchange or transfer of properties are generally subject to tax. However, no gain or loss shall be recognized in case of a tax free exchange pursuant to Section 40(C)(2) of the Tax Code.
ECONOMIC growth likely remained close to 7% during the third quarter on the back of strong household consumption and a pick-up in investment in the post-election period, an analyst said, although government spending may have hit a snag as the new administration manages the transition.
THE Department of Information and Communications Technology (DICT) is looking to tap the existing footprint of the National Grid Corporation of the Philippines (NGCP) for its planned national broadband network.
THE Department of Energy (DoE) has completed the public consultation on the audit of the country’s power plants, from which it obtained proposals to also look into the efficiency of the transmission system.
THE Philippines has made “progress” in upgrading its social safety nets, particularly for the poor and the elderly, led by key programs such as Conditional Cash Transfers and expanded health insurance coverage, the Asian Development Bank (ADB) said.
THE Department of Energy (DoE) is considering a competitive auction to serve areas that can accommodate more renewable energy projects, specifically using solar or wind technology, once the agency finalizes a new feed-in-tariff (FiT) system.
With less than two months before 2016 comes to an end, employers have started the tax annualization of the withholding taxes of their employees. Former President Benigno S. C. Aquino III signed Republic Act (RA) 10754 into law, an act expanding the benefits and privileges of persons with disability (PWDs). It is worth noting that this RA provided for the classification of a PWD as a dependent subject to certain qualifications, for purposes of allowing the benefactor the privilege of claiming the P25,000 exemption in computing taxable income.
EMPLOYMENT growth resulting from the full implementation of the Responsible Parenthood and Reproductive Health (RPRH) law will help reduce poverty incidence significantly, the government’s chief economic planner said
THE Department of Energy (DoE) has factored in the administration’s ambitious goal of lifting a majority of the Filipinos into the middle class by 2040 in drafting its 15-year plan for the energy industry.