THE TRANSPORTATION department has postponed the bid submission for the P108.19-billion contracts to develop, operate and maintain (O&M) five regional airports under the public-private partnership (PPP) program, as it has yet to release a copy of the contract.
THE NATIONAL Grid Corporation of the Philippines (NGCP) expects to complete this year a transmission facility in Eastern Visayas that it said was “crucial” to the recovery of the province from recent typhoons.
SUSTAINING confidence in the Philippine economy beyond the Aquino administration will hinge on both the credibility of the national election and the strength of the winner’s mandate, the secretary of Finance said.
THE DEPARTMENT of Public Works and Highways (DPWH) expects Northern Mindanao to receive an influx of investments after the completion of more than 800 infrastructure projects worth P18.7 billion early this year.
Taxation is the lifeblood of the government. For the government to function, it needs its citizens to contribute to this lifeblood. With the mandate to assess and collect national taxes, the BIR is starting off 2016 with two things: a collection goal through Revenue Memorandum Order No. 2-2016 and a number of programs to attain that as summarized in Revenue Memorandum Circular No. 14-2016.
THE PHILIPPINES’ debt burden has eased significantly since President Benigno S. C. Aquino III assumed office, the Finance chief said, in response to allegations that the government expanded debt.
MORE TOWNS and provinces applied for a creditworthiness opinion from the Bangko Sentral ng Pilipinas (BSP) last year before taking out loans, the central bank governor said, with the bulk of the borrowing meant for infrastructure projects.
Over the years, advances in information and communications technology have revolutionized and disrupted the business models of companies, regardless of size. In retail, for example, customers can now place orders online. In manufacturing, production processes can now be monitored through automated systems. In health care, it is now possible to conduct remote diagnosis. In media, new avenues have been developed for distribution and user participation — think user-generated content and social networking. These new models, which are largely characterized by mobility with respect to intangibles, users, and business functions, or use of multi-sided business models, make up for what is now called the Digital Economy.
THE UNITED STATES and the 10 members of the Association of Southeast Asian Nations (ASEAN) have agreed to “further deepen ties and job-promoting trade and economic opportunities” among them, the Office of the United States Trade Representative said.
TAXPAYERS may now lodge applications for certifications of their transactions with the Bureau of Internal Revenue (BIR) with local offices of the agency.