BUDGET Secretary Benjamin E. Diokno said the weaker peso is “no cause for concern” and is more the result of a strengthening in the dollar in anticipation of higher US interest rates.
Sep 272016
BusinessWorld Online: Economy
Sep 262016
THE Department of Environment and Natural Resources (DENR) is set to release today the results of its mine audit, with miners positive about the long-term impact of stricter environmental standards, even as uncertainty over future suspensions hangs over the industry, which is the world’s top nickel exporter.
Sep 262016
THE Philippines may soon call an auction for the import of an additional 250,000 metric tons (MT) of rice as a precaution against the impact of La Niña in the first few months of 2017.
Sep 262016
Assessment and collection of taxes — these are the two chief functions of the Bureau of Internal Revenue (BIR), which is tasked to interpret and implement the provisions of the National Internal Revenue Code of 1997, as amended. To meet the objective, the Tax Code grants broad powers to the Commissioner of Internal Revenue which includes the power to authorize the examination of any taxpayer and the assessment of the correct amount of tax through the examination of any book, paper, record, or other data which may be relevant or material to such inquiry — commonly known as tax audits.
Sep 252016
MINDANAO needs at least 150 megawatts (MW) of additional capacity yearly until 2030 to meet rising demand from electricity consumers as the government lines up infrastructure projects on the southern island, the lead entity promoting its development said.
Sep 252016
WAYANG WINDU, INDONESIA — Columns of steam shoot from the ground at an Indonesian power plant sitting in the shadow of an active volcano, as energy is tapped from the red-hot underbelly of the archipelago.
Sep 232016
THE government has asked investors to place bids for some P700 million-worth of airport projects that will help improve the facilities of some regional entrance and exit points in the country.
Sep 232016
BUSINESS owners can expect more visits from the taxman as the Bureau of Internal Revenue (BIR) introduced more categories in which revenue officers may conduct value added tax (VAT) audits.
Sep 232016
THE Department of Agriculture (DA) is yet to come up with its decision on whether it will maintain or remove restrictions on rice imports as the country seeks to comply with a World Trade Organization (WTO) agreement to lift trade barriers on the staple food.
Sep 222016
THE GOVERNMENT has put the damage caused by a recent dry spell at P15 billion, saying destruction to agricultural lands was not as bad as what was seen during a similar episode in the 1990s.