THE House of Representatives approved the General Appropriations Bill covering the proposed P3.35 trillion 2017 national budget on second reading last night, after eight days of plenary debate, the fastest in the history of the chamber.
Oct 052016
BusinessWorld Online: Economy
Oct 052016
THE World Bank (WB) said conditions remain intact for the Philippine economy to thrive, with no evidence of damage to investor confidence despite questions over the government’s behavior towards key treaty allies and economic partners.
Oct 052016
Developments in technology have made purchasing items easier and accessible to everyone. It’s a breeze to look up an item by just typing key words through a search engine, making literally almost everything we want just a click away. For some Filipinos, online buying has become a habit. They are convenient, fast, and at times cheaper, but the experience will not be complete until we finally get hold of that certain book, toy, watch, or any specific item that we seek.
Oct 042016
THE Trade department will seek to prioritize the agricultural sector in its negotiations for a free trade agreement (FTA) with the European Union (EU).
Oct 042016
TWO of the leading business associations said the administration’s first 100 days have produced “positive” and “concrete” results, and added that they are unaware of any foreign investors pulling out despite the President’s controversial pronouncements at times.
Oct 042016
INVESTMENT pledges registered by the Board of Investments (BoI) for the first nine months of the year have grown by nearly 50% year on year, based on preliminary data.
Oct 032016
THE Department of Environment and Natural Resources (DENR) said it wants mine operators left untouched by a recent audit to prove their effectiveness in boosting socioeconomic activity in their host communities before new projects are approved.
Oct 032016
THE Employers Confederation of the Philippines (ECoP) said contractualization cannot be eliminated in the process of curbing the incidence of “endo,” adding that President Rodrigo R. Duterte shares this view.
Oct 032016
The Department of Finance submitted to Congress last week the first package of proposed tax reforms. The proposals include the restructuring of the personal income tax (PIT) system; expanding the value-added tax (VAT) base by reducing the coverage of its exemptions; adjusting excise taxes imposed on petroleum products; and, restructuring the excise tax on automobiles except for buses, trucks, cargo vans, jeeps, jeepney substitutes and special purpose vehicles. These proposed tax reforms, however, received varying reactions from stakeholders.
Oct 022016
THE Philippine Economic Zone Authority (PEZA) is seeking an exemption to the planned two-year moratorium on land conversion, citing the need to continue developing economic zones in order to maintain momentum in investments.