TWO RESEARCH reports from global market analyst IDC Manufacturing Insights see robotics and the Internet of Things (IoT) as future facets of the ASEAN manufacturing industry, making production more cost effective and steering the region away from the challenges of rising labor costs.
IN A BID to curb the country’s economic losses from illegal, unreported, and unregulated fishing (IUUF), the government will draw up a list of fishing vessels and locals engaged in illegal activities.
THE GOVERNMENT declared two of the country’s top diving spots, Puerto Galera in Oriental Mindoro and Coron in Palawan, as water quality management areas (WQMAs), in order to protect them from the threat of heightened tourism activity.
ADOPTING a federal form of government may help improve the development of agriculture, though funding for “non-performing” regions must be addressed, experts said.
Two trillion pesos. This is the revenue collection target of the Bureau of Internal Revenue (BIR) for 2016 and much of this represents income tax collected via withholding tax. In 2014 alone, withholding taxes accounted for more or less 40% of total income tax collected by the government.Considering the significance of withholding tax to the government, each and every taxpayer engaged in trade or business in the Philippines is required to withhold on their income payments, unless specifically exempted.
DEBT PAYMENTS rose by a fifth in March, from a year ago as the government paid off a bigger amount of interest and principal loans, preliminary Treasury data showed.
THE Department of Energy (DoE) has issued a circular that sets the standard for coconut methyl ester (CME) in a move that is expected to ensure the effectiveness of the coco-biodiesel when used as fuel either in its pure state or as a blend.
(First of 5 parts) On 30 May 2016, President Benigno S. C. Aquino III signed Republic Act (RA) No. 10863, otherwise known as the Customs Modernization and Tariff Act (CMTA), which amends the Tariff and Customs Code of the Philippines (TCCP). It will become effective on 16 June 2016 which is 15 days after it was published in a major daily newspaper.
THE Energy Regulatory Commission (ERC) has listed a total of 1,266 electricity end users that qualify as “contestable customers” or those who can choose to contract their electricity supply with any licensed retail electricity suppliers (RES).
THE Philippines and other Asian economies must focus on inclusive growth and on building fiscal and social buffers to cash in on the region’s greater role in global trade, Finance Secretary Cesar V. Purisima said, even with the Chinese economy currently rebalancing.