MANILA ELECTRIC Co. (Meralco) is urging the Department of Energy to adopt a policy on energy sourcing that will guide existing power generation companies on how they will embark on future projects.
Feb 282016
Feb 282016
DAVAO CITY — Connectivity by air or sea transport has been identified as the key factor for realizing the growth blueprint adopted by the Brunei, Indonesia, Malaysia, Philippines-East ASEAN Growth Area (BIMP-EAGA) for the next 10 years.
Feb 282016
A “controlled foreign company” (CFC) is, as the name implies, a foreign company or subsidiary owned by a parent company which is situated in a country different from the parent company’s country of residence. The tax laws of many countries, including the Philippines, do not tax the CFC’s parent company on the CFC’s net income after tax (NIAT) unless the NIAT is distributed as dividends. CFC rules and other anti-deferral rules combat opportunities for profit shifting and long-term deferral of taxation by enabling jurisdictions to tax income earned by foreign subsidiaries where certain conditions are met.
Feb 252016
THE PHILIPPINES received recognition for implementing a global transparency initiative covering the oil, gas and mining industries, which the country’s Finance secretary sees as possible third leg of growth for the economy.
Feb 252016
THE PHILIPPINES needs a sense of urgency to unleash, modernize and diversify the agriculture business and food production if it wants to achieve a broad-based and inclusive growth, foreign business chambers said in the first of seven policy notes that it will be releasing next week.
Feb 252016
DAVAO CITY — A Malaysian trade official has called on local producers to explore opportunities for supplying raw materials to various Malaysian manufacturing companies.
Feb 242016
THE FISCAL DEFICIT likely settled at around the P100-billion level in 2015 given a sizeable uptick in public spending in December, a Manila-based analyst from ING Bank NV said.
Feb 242016
REVENUE GROWTH across key industries eased to its lowest level in at least 15 quarters due to a decline in factory sales, the Philippine Statistics Authority (PSA) reported yesterday.
Feb 242016
Documentary stamp tax (DST) is one of the most overlooked taxes because normally this is just a small percentage of a transaction unless the amount involved is quite significant. DST is imposed on the privilege of entering into certain transactions through the execution of specific instruments or documents, such as the sale or lease of land, issuance or transfer of shares of stock, loans or other forms of indebtedness, and insurance premiums, among others.
Feb 232016
THE PHILIPPINES must continue forging public-private partnerships (PPPs) to bridge its infrastructure gap, channel more public funds to social services and subsequently realize inclusive growth.