FUND-RAISING on the local bond market will likely amount to P100 billion by the yearend, the top executive of the Philippine Dealing & Exchange (PDEx) said, as the financial system remains awash with cash.
Jul 112016
BusinessWorld Online: Economy
Jul 112016
Discretion is a power which makes someone powerful even more powerful. Administrative bodies like the Bureau of Internal Revenue (BIR) and the Bureau of Customs, were given discretionary powers in order to carry out their tasks to implement laws. The grant of discretion recognizes that the agency has the knowledge, experience and specialization on a particular field to make judgments. Discretionary powers facilitate efficient implementation, upholds the law, curbs the evils the laws seek to avoid and achieves the higher interest of the State, its citizens and those who sojourn its territory, equity. However, discretion is double-edged in that it impacts negatively when it is abused, performed in manifest partiality and favored one’s own interest.
Jul 102016
SECURING certification from the International Organization for Standardization (ISO), as required by law, will not guarantee that miners will avoid the suspension of their operations following a government audit, Environment Secretary Regina Paz L. Lopez said.
Jul 102016
THE Power Sector Assets and Liabilities Corp. (PSALM) plans to privatize next year the hydroelectric power plants along the Agus and Pulangi rivers in Mindanao following initial talks with key Cabinet secretaries of the new government.
Jul 102016
As part of its efforts to streamline the Philippine tax system, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 17-2016 (RMO 17-16) dated May 5, 2016 to supplement the guidelines in recording the tax-free exchange of properties for issuance of shares under Section 40(C)(2), in relation to Section 40 (C)(6)(c) of the 1997 Tax Code.
Jul 072016
THE Duterte administration is looking to pour in more funds for population control as it gears to fully implement the reproductive health (RH) law, the country’s socioeconomic planning chief said, with particular focus on reducing the number of teenage pregnancies in an effort to help reduce poverty.
Jul 072016
THE NEW administration should try to diversify the country’s growth drivers to maximize its potential, economists from the Australia and New Zealand (ANZ) Banking Group Ltd. said, as risks from underspending has shifted to nagging concerns about the country’s agriculture sector.
Jul 072016
ENERGY Secretary Alfonso G. Cusi met with Manila Electric Co. (Meralco) President Oscar S. Reyes on Thursday, advising the distribution utility to “service the people who need our help the most.”
Jul 062016
LOS BAÑOS, LAGUNA — Agriculture Secretary Emmanuel F. Piñol said he is proposing a P62-billion program to help achieve 100% rice-self-sufficiency in the next two years.
Jul 062016
THE NEW government’s economic managers warned against being too reliant on the business process outsourcing (BPO) industry, as advances in technology could take the place of workers, thereby reducing the segment’s contribution to the economy.