ENTRY-LEVEL employees may enjoy over P12,000 a year worth of additional take-home pay if the proposed personal income tax reform package is passed into law, a Department of Finance (DoF) official said.
Oct 182016
BusinessWorld Online: Economy
Oct 182016
THE House of Representatives will expedite the passage of bills granting P2,000 worth of additional monthly pension payments for Social Security System (SSS) retirees and expand the powers of the Social Security Commission (SSC), after committee-level approval for the latter yesterday.
Oct 182016
ELECTRICITY consumers paid an average of P2.86 per kilowatt-hour (kWh) for the energy bought at the wholesale electricity spot market in September, down 31% from a month earlier, the market’s governance arm said on Tuesday.
Oct 172016
THE House ways and means committee may come out this week with its revisions to the first tax reform package submitted by the Department of Finance (DoF) to Congress last month.
Oct 172016
WORKER pay and job creation emerged as the top concerns of Filipinos, even as the government remained focused on fighting crime, particularly illegal drugs, polling organization Pulse Asia said in its “Ulat ng Bayan” survey.
Oct 172016
With the Duterte government’s aggressive pursuit of reforms to bring about a simpler, more equitable and more efficient tax system that can encourage investment, job creation and poverty reduction, the Department of Finance (DoF) recently presented its proposed Tax Policy Reform Program as of Sept. 28. The proposed tax policy packages cover several areas of the tax system such as the personal income, consumption, corporate income, property and capital income taxes.
Oct 142016
PRESIDENT Rodrigo R. Duterte is fully engaged in the Philippine’s economic agenda, the Department of Finance (DoF) told international credit rater Moody’s Investors Service.
Oct 142016
THE PHILIPPINES need to have a “value chain” for liquefied natural gas (LNG) as well as a government policy covering the fossil fuel to spur more financing for projects involving LNG.
Oct 142016
PERISHABLE GOODS may not be stored for more than three months in customs bonded warehouses, if the draft customs administrative order (CAO) for the implementation of the Customs Modernization and Tariff Act (CMTA) is approved.
Oct 132016
DOMESTIC trade grew nearly 40% by value in the second quarter on the back of increasing local consumption, with the growth track seen continuing for the remaining of the year.