EIGHT GOVERNMENT agencies have expressed their commitment to reducing red tape, which impedes the competitiveness of doing business in the country, with nearly 4,000 issuances in the process of being repealed.
Jun 132016
BusinessWorld Online: Economy
Jun 132016
DAVAO CITY — Local government units in Mindanao must seize the opportunity and make their areas more business-friendly as the region draws potential investments with the election of the Davao City Mayor Rodrigo R. Duterte to the presidency, a government official said.
Jun 132016
The Electronic Filing and Payment System (eFPS) was developed to provide taxpayers with “top quality and convenient service through a much faster processing and immediate confirmation of filing of tax returns and payment of taxes due thereon.” The system allows the taxpayers to directly encode, submit their tax returns and pay their taxes online. Considering the convenience made by the eFPS, filing and payment can be done anytime and anywhere where Internet is accessible. In spite of such accessibility, taxpayers fall prey to the trifles of the due dates for filing and payment in case these falls on a holiday or on a weekend.
Jun 122016
DAVAO CITY — The chairman of the Davao Regional Development Council (RDC) said the administration of President-elect Rodrigo R. Duterte must review the proposed P18.99-billion Sasa Port modernization and decide whether to push through with the controversial project or adopt modifications.
Jun 122016
THE government has laid out a five-year roadmap to expand abaca fiber production to 422,630 metric tons (MT) from current output levels reaching less than 70,000 MT for the country’s abaca supply to be more responsive to growing global demand.
Jun 122016
(Second of 5 parts) In last week’s article, we discussed the evolution of the Tariff and Customs Code of the Philippines (TCCP) and briefly talked about the new rules on goods declaration under the new Customs Modernization and Tariff Act (CMTA). This article will continue to discuss the changes introduced in the CMTA.
Jun 092016
THE DEPARTMENT of Energy (DoE) has laid down its house rules for reviewing and evaluating applications from electricity end users, economic zones and ecozone enterprises to directly connect to the subtransmission assets that are owned by National Transmission Corp. (Transco).
Jun 092016
TAX REVENUE from so-called “sin” products continued to exceed targets in April, as producers released more liquors onto the market, despite a decline in tobacco collections as the government started enforcing another law seeking to discourage smoking.
Jun 092016
THE GLOBAL competitive position of Filipino citizenship was rated 112th out of over 160 countries surveyed, according to the first ever Quality of Nationality Index (QNI) released early this month.
Jun 082016
COUNTRIES should prioritize energy efficiency as this will result in reducing the amount of energy they need to produce, allowing them to generate power from cleaner and renewable energy sources, the head of a sustainable energy initiative said.