THE PHILIPPINES is expected to benefit from China’s massive infrastructure investment drive, the Hongkong and Shanghai Banking Corp. Ltd. (HSBC) said, with more options to become available for infrastructure financing.
Mar 212016
Mar 212016
POTENTIAL INVESTORS for the P170.7-billion South Line of the North-South Railway Project (NSRP) have two additional weeks to prepare for the qualification round, after the Transportation department agreed to move the timetable of the biggest public-private partnership (PPP) project to date.
Mar 212016
The Bureau of Internal Revenue (BIR) is continuously intensifying its efforts in collecting taxes. As a result, more taxpayers are receiving Letters of Authority and being subjected to various forms of BIR examination. Therefore, it is recommended that taxpayers prepare for possible tax audits not just by reconciling their books but also of equipping themselves with knowledge on tax laws and regulations, particularly on the due process applicable to tax examinations.
Mar 172016
JOINING the Trans-Pacific Partnership (TPP) has become imperative for the Philippines because of recent indications that foreign investors have sounded off their intensions to relocate to economies that offer a greater advantage because of their membership to the trading bloc.
Mar 172016
THE PHILIPPINES, along with Malaysia, will suffer the most in Association of Southeast Asian Nations (ASEAN) given a further slowdown in China’s economy until 2020, according to a working paper from the Asian Development Bank Institute (ADBI).
Mar 172016
THE DEPARTMENT of Agriculture (DA) is looking to acquire about P20 million worth of drones to aid in the rapid mapping and assessment of farmland damaged by drought, an official said.
Mar 162016
PROPOSALS to adjust the personal income tax regime appear “well justified” but necessitate new tax measures to offset losses to the treasury, according to a discussion paper from the Philippine Institute for Development Studies (PIDS).
Mar 162016
ASIAN COUNTRIES took the lead in adopting investment policy measures that are mostly geared towards further opening up their economies, said the United Nations Conference on Trade and Development (UNCTAD) in a new report.
Mar 162016
It is basic in criminal law that all the elements of a crime must be proven beyond reasonable doubt to produce a conviction. Where the life, liberty or property of a person hangs in the balance, the degree of proof is moral certainty and the prosecution must rely on the strength of its own evidence to show the existence of guilt. In a recent decision promulgated on Jan. 4, the Court of Tax Appeals (CTA) sitting en banc had the opportunity to settle the issue of whether the officers of a corporate taxpayer may still be held solidarily liable for the civil liabilities attached to a tax offense even if they are acquitted in the criminal aspect of the case.
Mar 152016
PHILIPPINE EXPORTERS need to diversify their customer base and product lines to offset declining sales to the country’s major trading partners, the Finance department’s chief economist said.