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
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.
Jul 062016
To keep up with the changes of enhanced international trade and automated import-export procedures, Republic Act (R.A.) No. 10863 or the Customs Modernization and Tariff Act (CMTA) was signed into law on May 30, 2016. It took effect on June 16, 2016. The CMTA was Drafted bearing in mind the provisions of the Revised Kyoto Convention (RKC), to which the Philippines is a signatory. The RKC or the International Convention on the Simplification and Harmonization of Customs Procedures is widely regarded as the blueprint for modern and efficient customs procedures. In the simplest terms, it is the international standard for making customs regulatory procedures as efficient as possible.
Jul 052016
THE Department of Finance (DoF) plans to dispose of all the assets of the Power Sector Assets and Liabilities Management Corp. (PSALM) within three years, Finance Secretary Carlos G. Dominguez III said.
Jul 052016
A BILL seeking to include casino operators in the coverage of the Anti-Money Laundering Act has been filed at the House of Representatives.