THE mining industry said it expects local ore processing to be viable given the right incentives, allowing the country to capture more value from its mineral resources.
Aug 232016
BusinessWorld Online: Economy
Aug 232016
THE Subic Bay Metropolitan Authority (SBMA) booked P111.5 billion worth of newly-approved investment projects in the first seven months of the year, its highest for any comparable period since its establishment in 1992, owing to the P70.5 billion to be invested by Australasia Cold Storage Logistics Pty. Ltd. and AIA Airways Co.
Aug 232016
DAVAO CITY — The mining industry will take center stage in Surigao City for the three-day Mindanao Business Conference that opens today, Aug. 24.
Aug 222016
THE DEPARTMENT of Finance (DoF) is looking to remove the commercial functions of some government-owned and-controlled corporations (GOCCs) and will continue its privatization efforts in a bid to raise revenue.
Aug 222016
THE Bureau of Customs (BoC) is far behind its P406-billion revenue target this year but catching up may be possible as anti-corruption efforts go into full swing, Commissioner Nicanor E. Faeldon said.
Aug 222016
This should be a good year for Goodyear Philippines as it has finally secured the confirmation of the Supreme Court (SC) on its 6-year-old refund case involving erroneously remitted tax on dividends amounting to about P14 million. The SC ruled that gains from the redemption of preferred shares are exempt from Philippine income tax if the provisions of the tax treaty between the Philippines and the US are complied with. The tax treaty with the US provides that gains derived by a US resident from the sale of shares in a Philippine company shall only be taxable in the US if the Philippine company’s assets do not consist principally of real property. The gains should not be treated as dividends.
Aug 212016
THE share of government debt is expected to settle at 42.66% of gross domestic product (GDP), sustaining a declining trend dating to since 2010, according to National Treasurer Roberto V. Tan.
Aug 212016
MINERS said they can thrive even under tougher regulation from the new government, based on the promise of greater investment in the industry.
Aug 212016
International Financial Reporting Standards (IFRS) 15, Revenue from Contracts with Customers, is one of the latest global accounting developments that will have an impact on broker-dealers in securities and asset management entities. IFRS 15 may potentially change certain revenue recognition practices of brokers and fund managers, particularly in accounting for trade commissions, management and performance-based fees, and upfront fees. These potential changes may also affect their earnings per share ratio and other performance measures.
Aug 192016
The Department of Energy (DoE) is projecting that the country’s demand for electricity between this year and 2030 will grow by an additional 10,191 megawatts (MW), over 70% of which will be coming from baseload plants or energy supplied by coal-fired power sources.