ONLINE recruitment in the Philippines declined by 24% year-on-year in March, according to employment Web site Monster.com, which tracks online job posting activity.
Apr 262016
Apr 262016
THE CUSTOMS bureau will go ahead with a fuel-marking scheme as part of an initiative to curtail smuggling.
Apr 262016
SUGAR output for the crop season that ends in August may end up slightly higher than the government’s forecast due to the milder-than-expected impact of El Niño, the Sugar Regulatory Administration (SRA) said.
Apr 252016
PHILIPPINE companies and government agencies put cybersecurity on the back burner due to budget constraints, a local computer consultant said, as it called on organizations to “stop scrimping” on online security measures in the wake of the massive hacking of the Commission on Elections (Comelec) Web site.
Apr 252016
DAVAO CITY — Mindanao’s lead socio-economic development coordinating agency is planning around an aggressive growth assumption of 9% for gross regional domestic product (GRDP) heading towards 2030.
Apr 252016
It is barely two weeks to the May 9 elections. For months, we have been hearing many promises from the presidential candidates, and it cannot be denied that one of the things that might win over a voter is a candidate’s take on tax reform. To be sure, tax reform is one of many aspects of governance that a president needs to consider, apart from fighting crime and corruption, defending sovereign territory, and growing the economy, to name a few. But what makes many of these initiatives possible is a well-managed treasury, funded by the taxes we pay. Therefore presidential candidates really ought to speak more about what they plan to do with the tax system.
Apr 242016
INFLATION could again settle below the central bank’s target band this 2016, results of a recent central bank survey showed, but will likely log higher than last year’s rate.
Apr 242016
THE Department of Agriculture (DA) is preparing a 2017 budget proposal of nearly double its 2016 funding, with rural infrastructure making up the bulk of its wish list, according to the department’s presentation materials obtained by BusinessWorld.
Apr 242016
One of the withholding tax schemes adopted in the Philippines is the creditable withholding tax (CWT) system. Under the CWT, income payments made to Philippine residents enumerated in the CWT regulations should be subjected to the different CWT rates. The income subject to CWT still needs to be reported in the income tax return of the recipient, the income tax calculated thereon, and the CWT claimed against the CWT so withheld. Any excess of the tax income due on the return over the CWT withheld should then be paid by the recipient to the Bureau of Internal Revenue (BIR). On the other hand, if the CWT exceeds the income tax due on the return, then the excess CWT may either be refunded or carried over to the next period by the taxpayer.
Apr 212016
THE Department of Agriculture (DA) has maintained its palay production estimate for 2016 at just under a million metric tons (MT) over 2015 levels, saying it is confident that damage from the strongest El Niño to ever hit the country will be less than initially expected.