A REVISED anti-red tape bill that would criminalize local government units (LGUs) for sitting on business permits beyond one month is being prepared in the Senate.
Oct 132016
BusinessWorld Online: Economy
Oct 132016
THE estimate for ”leakage” arising from value-added tax (VAT) exemptions extended to senior citizens is as much as P9.6 billion, according to the Department of Finance (DoF), citing a World Bank study.
Oct 122016
THE Department of Finance (DoF), which plans to impose new taxes on sugary drinks, said its considerations for the politically sensitive measure include the potential impact on health policy and the effect on poor people who depend on soft drinks for “energy.”
Oct 122016
ECONOMIC managers, together with Vice-President Maria Leonor G. Robredo, have formally opposed a planned two-year moratorium on land conversions, calling on Malacañang not to sign the “problematic” proposal.
Oct 122016
THE trade deficit for 2016 could come in at double the year-earlier level, DBS Research said, but added that the rebound in electronics exports seen in August could cushion the blow.
Oct 112016
REGIONAL governments’ finances could turn unsustainable if the government suspends too many mines, an Environment official said.
Oct 112016
WORRIES about the Philippines are “overdone,” with President Rodrigo R. Duterte expected to be good for the economy in the long run, according to emerging markets fund manager Mark Mobius.
Oct 112016
AUTO sales in September contracted 3.1% month on month, automaker associations said, running counter to trend in recent years, hindered by an unusually strong performance in the base month of August.
Oct 102016
REGULATORS officially released yesterday the contents of a presidential order appointing a replacement to engineer Leo L. Jasareno, the official who oversaw an audit of the environmental practices of miners.
Oct 102016
THE Philippines is unlikely to breach the new government’s deficit cap until 2017 but the deficit is poised to trend higher due to aggressive spending planned by President Rodrigo R. Duterte, BMI Research said in a report, although it flagged declining revenue as a possible setback to growth.