FISCAL POLICY has proven effective in promoting growth in the Philippines, according to Standard and Poor’s (S&P) Ratings Services, even as it cited downside risk from “modest outlooks” for the country’s trading partners and inadequate infrastructure.
THE SOUTHEAST ASIAN Regional Center for Graduate Study and Research in Agriculture (SEARCA) has inked a deal with four partner institutions in Inopacan, Leyte to encourage inclusive growth and environmental sustainability in agriculture and rural development.
THE DEPARTMENT of Energy (DoE) is not stopping developers from putting up new coal-fired power plants “for now” because the country needs affordable power to support its economy, but it will be imposing stricter standards to comply with commitments to the international community.
THE Court of Tax Appeals has denied the Bases Conversion and Development Authority’s (BCDA) petition to be refunded P19.98 million for creditable withholding tax paid on its units in the Serendra Project.
Taxation law is composed of myriads of laws, regulations, rulings and other issuances — it’s overwhelming even to professional practitioners. From time to time, however, the courts are able to cut through extraneous matters and deliver clear guidance not only for taxpayers but also for tax authorities. One such instance is the recent case decided by the Court of Tax Appeals (CTA) on Jan. 27, 2016. The issue facing the court was whether a domestic corporation that received additional capital by way of contribution from its non-resident shareholder is liable as a donee to pay the alleged donor’s tax on the contribution.
AGRICULTURE has been declining, manufacturing has remained stagnant, while services have been the most important Philippine sector from the 1970s onwards, the Trade department said, as it highlighted the need to transform the agricultural sector from traditional farming into a globally competitive agribusiness.
ILOILO CITY — The Philippine Economic Zone Authority (PEZA) has given its endorsement for the proposed 6.2-hectare (ha) industrial zone in the town of Dumangas, about 26 kilometers northeast of Iloilo City.
HINDANG, LEYTE — Himokilan Island, one of the four islets that make up the so-called Cuatros Islas group in southwestern Leyte, has achieved a 100% share of renewable energy (RE) in its power supply.
THE EXTERNAL payments position saw a “recovery” in the inbound capital flows in early March following two straight months of deficits, a central bank official said, noting improving market sentiment and sound fundamentals in the Philippines.
SEVERAL COUNTRIES in the Asia-Pacific region have agreed to ease regional trade by forging a treaty that promotes paperless transactions among them during a forum led by the United Nations (UN) in Bangkok last week.