THE ENERGY Regulatory Commission (ERC) has issued a resolution to divide itself into two core groups when it hears anti-competition cases in order to speed up their disposition.
Jun 162016
Jun 152016
SUN LIFE of Canada (Philippines), Inc. (Sun Life) expects Philippine economy to grow at a modest 5.9% this year as it awaits the plans and programs of the incoming administration to further take shape.
Jun 152016
ELECTRONIC EXPORTS are still on track towards reaching its growth target of 2-5% for 2016, as the industries aim to reclaim its peak of $31 billion which was achieved in 2010, according to Semiconductor and Electronics Industries in the Philippines, Inc. (SEIPI) President Dan C. Lachica.
Jun 152016
With days counting away in his term, outgoing President Benigno S. C. Aquino III recently signed into law Republic Act No. 10844 creating the Department of Information and Communications Technology (DICT). As a necessary effect, all operating units of the Department of Transportation and Communications (DoTC) with functions and responsibilities dealing with communications will be transferred to the newly-created DICT. Henceforth, the DoTC will be renamed as the Department of Transportation.
Jun 142016
AN international bank has raised the country’s growth forecast for the next two years in light of increased domestic activity and a faster economic growth expected during the second quarter.
Jun 142016
THE DEPARTMENT of Budget and Management (DBM) has released P864.723 million to towns and provinces as their share of revenues from taxes levied on the use of natural resources within their jurisdictions.
Jun 142016
OFFICIALS of the Bureau of Customs (BoC) have started formal transition talks this week, which comes as they are putting together a draft of implementing rules that will carry out reforms detailed under the new Customs law signed in May.
Jun 132016
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which impedes the competitiveness of doing business in the country, with nearly 4,000 issuances in the process of being repealed.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
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.