PHILIPPINE factories ramped up production for an eighth straight month in February, led by the expansion in food as well as furniture and fixtures manufacturing.
Apr 122016
Apr 122016
NORTHERN MINDANAO, the region most affected by El Niño, has started experiencing light to moderate rainfall beginning last week following cloud-seeding operations, according to the Department of Agriculture (DA).
Apr 122016
ILOILO CITY — Iloilo province’s 12 government-run hospitals, which were converted to local economic enterprises in 2011, are set to expand using P251 million of their earnings from 2015.
Apr 112016
THE strong drought hitting Vietnam, a key source of Philippine rice imports, could disrupt the government’s plan to build up reserves of the staple held by the National Food Authority (NFA), an industry official said.
Apr 112016
GROWTH in remittances likely slowed in February, ANZ Research said in a report, noting a sustained decline seen in funds sent by Filipinos in the United States as well as seasonal factors.
Apr 112016
The countdown has started and taxpayers have barely 4 days before the last day for filing the final adjustment return otherwise known as the Annual Income Tax Return for the taxable year ended December 31, 2015. Specifically, corporate taxpayers are required to file a final adjustment return covering the taxable income for the preceding calendar year on or before the 15th day of April and, likewise, to pay the income tax due thereon at the time the declaration or return is filed in accordance with the provisions of Section 76 and 77 of the National Internal Revenue Code of 1997 (Tax Code), as amended.
Apr 102016
THE PHILIPPINE Stock Exchange, Inc. (PSE) is looking into imposing a minimum remaining life for entities seeking to issue securities to finance public-private partnership (PPP) projects.
Apr 102016
DAVAO CITY — Rotational brownouts of up to five hours, with two periods within 24 hours, will be implemented within Davao Light and Power Co.’s (DLPC) franchise area as one unit of the new coal plant of Therma South, Inc. (TSI) will be under repair for 14 days.
Apr 102016
One of the most difficult aspects in closing a deal — whether the deal is an acquisition, divestment, or merger — is the valuation of the target asset. A key point in a deal is to agree to the amount to be exchanged for the asset between a willing buyer and seller in an arm’s length transaction. The difference between the buyer’s value expectations and the seller’s value expectations is called the valuation gap, which, as reported in the recent EY Global Capital Confidence Barometer, is expected by most executives to widen in the current business environment. The report indicates, however, that the gap is only 10% to 25% and is expected to remain stable in the future. The same holds true for expectations on asset prices. The factors indicate that conditions are more conducive for deal making, which is consistent with the expectation of almost half of the surveyed executives that more deals will be closed in the foreseeable future.
Apr 082016
INVESTMENTS in the Autonomous Region of Muslim Mindanao (ARMM) are projected to reach at least P1.9 billion this year, with the agriculture and energy sectors serving as core industries to sustain growth, the regional government said.