STATE-RUN firms focused on housing and food received the biggest subsidies during the first half of the year, according to Treasury data, even as the overall total for the sector declined from a year earlier.
Jul 312016
BusinessWorld Online: Economy
Jul 312016
Management, analysts and other users of financial statements almost always consider a company’s revenue as its key performance indicator. To stay competitive and increase revenue, companies may add flexibility and value to their products and service offerings — be it an enhancement in the price, additional services or guarantees or other add-ons in the contract terms. However, these diverse marketing strategies give rise to complexity in revenue recognition.
Jul 292016
THE Department of Energy (DoE) has asked the Energy Regulatory Commission (ERC) to look into whether power plant operators are intentionally scheduling outages at the same time to bring up electricity rates.
Jul 292016
OUTGOING Philippine Ambassador to the United States Jose L. Cuisa, Jr. said that he is confident of a second compact with the Millennium Challenge Corp. (MCC) — an independent US foreign aid agency that funds poverty alleviation projects.
Jul 292016
A 15-member Japanese consortium from the food processing and storage industries will tie up with local partners with investments of up to $500 million to source agricultural and fishery products for export, particularly unagi, or eel.
Jul 282016
THE government has suspended a unit of listed miner Oriental Peninsula Resources Group, Inc., which operates two projects in Palawan.
Jul 282016
ROBUST imports seen in May, if sustained, could ensure 7% economic growth for the Philippines as the indicator suggests greater investment in capital goods, economists at DBS Group Research said.
Jul 282016
THE Department of Agriculture (DA) is seeking a 2017 budget that is over 76% greater than this year’s allocation, with nearly half of the proposed funds to be channeled to rice production as part of a bid to attain 100% rice self-sufficiency by 2019.
Jul 272016
THE Bureau of Internal Revenue (BIR) has streamlined requirements sought from schools in applying for tax exemptions.
Jul 272016
THE Senate Minority Leader has expressed support for President Rodrigo R. Duterte’s call for emergency powers on the traffic crisis in Metro Manila and other urban areas nationwide, but has also recommended legislative proposals in line with those powers.