THE pipeline of mine projects expected to be operational by 2019 is expected to attract over $20 billion worth of investment in 10 years beginning 2016, according to the Chamber of Mines of the Philippines.
Jun 302016
Jun 302016
THE Bureau of Internal Revenue (BIR) may have been active in running after tax evaders, but it failed to secure a single conviction within the six-year term of Commissioner Kim S. Jacinto-Henares.
Jun 302016
A MEASURE seeking to adjust the individual income tax brackets to inflation was filed yesterday at the House of Representatives, as part of legislation to be decided by the 17th Congress.
Jun 282016
THE United Kingdom’s referendum result backing exit from the European Union (EU) will have a “neglible” effect on the Philippines because of minimal exposure and strong macroeconomic fundamentals, outgoing Socioeconomic Planning Secretary Emmanuel F. Esguerra said Tuesday.
Jun 272016
THE DEPARTMENT of Energy (DoE) and big coal consumers have downplayed the possible impact of the Indonesian ban on coal shipments to the Philippines, saying the country’s power sector sources its supply through big vessels bearing flags of different nationalities.
Jun 272016
DAVAO CITY — The incoming administration of President-elect Rodrigo R. Duterte will implement interventions on agriculture for the country’s 10 poorest provinces.
Jun 272016
With few days before BIR Commissioner Kim Henares steps down, one can expect the surge of last-minute revenue circulars, orders and issuances from the Bureau of Internal Revenue (BIR). Just recently, two revenue orders were issued laying down the guidelines and procedures in the conduct of investigation on the financial capacity of parties to acquire properties.
Jun 262016
LIFTING bank secrecy rules covering import transactions and improvements on valuation of goods would boost customs revenues, the outgoing chief of the Bureau of Customs (BoC) said, as total collections are seen still below target during the second quarter.
Jun 262016
THE Energy Regulatory Commission (ERC) will look into the process used by the Department of Energy (DoE) in arriving at the list of solar projects that it certified as eligible to receive a guaranteed rate of P8.69 for each kilowatt-hour it feeds into the national electricity grid.
Jun 262016
(Fourth of 5 parts) In last week’s article, we listed down some of the changes introduced under the new Customs Modernization and Tariff Act (CMTA), particularly the rules pertaining to related party transactions as well as the penalties relating to unlawful importation and exportation, misdeclaration, misclassification and underdeclaration of imported goods.