THE TRANSPORTATION department is spending P43.36 million to hire a contractor that will develop the Zamboanga International Airport.
Feb 192016
Feb 182016
PHILIPPINE economic growth will outperform much of the region this year, according to HSBC Global Research, as government spending maintains its “strong momentum.”
Feb 182016
PRESIDENT Benigno S. C. Aquino III is expected to sign on Friday the executive order (EO) that will implement the first tranche of the proposed Salary Standardization Law (SSL) 4.
Feb 182016
THE BUREAU of Internal Revenue (BIR) has listed the priority programs it plans to carry out in order to meet its revenue target this year, although the agency’s chief still believes the collection goal is “unrealistic.”
Feb 172016
THE DEPARTMENT of Energy (DoE) plans to tighten regulation of coal-fired power plants by setting higher standards for greenhouse gas emissions and the quality of the fossil fuel used in generating power.
Feb 172016
POTENTIAL BIDDERS for the first seaport public-private partnership (PPP) project under the Aquino administration have one more month to prepare their bids after the Transportation department moved the auction date.
Feb 172016
In the aftermath of the latest global financial crises, government have sought to recoup lost revenue through tax reform. This has put the spotlight on the issue of gaps in the current international taxation system that created opportunities for Base Erosion and Profit Shifting (BEPS) schemes. Simply put, BEPS are tax planning strategies that exploit the weaknesses of the architecture of the international tax system to artificially shift profits to places where there is little or no real economic activity, but where the taxes are lower or nil, resulting in little or no overall corporate tax being paid.
Feb 162016
ROBUST GROWTH in the business process outsourcing (BPO) sector can make up for the projected slowdown in worker remittances, an economist from ING Bank N.V. said, enough to keep the country’s current account in surplus amid weak global trade.
Feb 162016
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely adjust policy rates twice within the year, economists at Nomura said, just as the central bank rolls out the corridor-type scheme of setting interest rates by mid-2016.
Feb 162016
GENERAL SANTOS CITY — Rehabilitation work on the General Santos City (GSC) Airport Industrial Complex, with an initial budget of P959 million, is targeted to start by March, beginning with improvements and expansion of the terminal building and parking area.