THE JOINT CIRCULAR on the safe handling of genetically modified (GM) crops, due for completion this month, is expected to address the concerns cited by the Supreme Court, which nullified the previous set of regulations from 2002, known as Administrative Orner (AO) No. 08, the Department of Agriculture (DA) said.
THE CUSTOMS bureau is batting for extended banking hours to specially accommodate importers, as part of efforts to address port congestion.
THE ENERGY department’s 15-year national road map for energy efficiency and conservation will require investments of at least P8.3 trillion to meet its goal of reducing energy demand by 125 million tons of oil equivalent by 2030, an industry association said.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 4-2016 dated Jan. 25, 2016, which provides for additional guidelines on the BIR’s internal processing of applications for compromise settlement, abatement or cancellation of internal revenue tax liabilities provided for under Section 204 of the Tax Code, as amended.
THE GOVERNMENT needs to pursue different avenues for lending to coconut farmers ahead of the planned sale of its stake in the United Coconut Planters Bank (UCPB), a bank official said, with servicing the sector’s needs is not a good fit for a commercial bank.
THE DEPARTMENT of Energy (DoE) is to form a technical working group composed of industry participants that will look into setting minimum energy performance standards for cars and light duty vehicles.
(Second of two parts) In the first part of this article, we talked about provisions of the Organisation for Economic Co-operation and Development’s (OECD’s) final report on Base Erosion and Profit Shifting (BEPS) Action Plan 14, which reflects the commitment of participating countries to implement substantial changes in their approach to dispute resolution in the area of tax treaties.
MANILA, Philippines – Photography and imaging company Fujifilm is looking to sustain its double-digit sales growth in the Philippines as it seeks to revive Filipinos’ fading photo printing habits. In an interview, Fujifilm Philippines assistant to the president and division head for electronic and photo imaging Takuya Maeda told The STAR the company remains bullish on one of its strongest markets in Southeast Asia as reflected by its continued introduction of new products and innovative solutions and concepts. “We are seriously considering expanding the market even though the people’s mindset is that the printing market is shrinking because of smartphones and digital cameras. Printing market is shrinking and only Fujifilm is thinking of how to grow the market,” Maeda said. Fujifilm in Tokyo pioneered the conversion of traditional photo shops into stores that cater to the new needs and lifestyle demands of customers through the introduction of the Wonder Photo Shop. In its bid to also revolutionize the Filipinos’ photo printing habits similar in Japan, Fujifilm has brought to the Philippines the trendy photography and printing store. To date, Fujifilm has set up three Wonder Photo Shops in the country located at the Ayala-UP Town Center, Nuvali in Laguna and Tacloban. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “Filipinos love taking photos but surprisingly, the ratio of keeping the photo is very low. Based on our analysis of the Philippine market, Filipinos print less than Japanese do, not because printing is expensive but because the current process of Read More …
In a report, Economic Planning Secretary and NEDA chief Emmanuel Esguerra said inflation – the measure of how fast prices in the choice basket of goods and services are moving within a certain period – eased to 1.3 percent in January from 1.5 percent in December 2015 and 2.4 percent a year earlier. STAR/File photo MANILA, Philippines – The increase in prices of basic goods and services in the country slowed in January as costs of food items remained stable, the National Economic and Development Authority (NEDA) said yesterday. In a report, Economic Planning Secretary and NEDA chief Emmanuel Esguerra said inflation – the measure of how fast prices in the choice basket of goods and services are moving within a certain period – eased to 1.3 percent in January from 1.5 percent in December 2015 and 2.4 percent a year earlier. He said inflation for the food subgroup – which account for more than a third of the basket – slowed as prices of fish, fruits, vegetables, milk, cheese, and eggs became stable. “Good weather conditions at the onset of 2016 allowed prices of these food items to stabilize. This was an improvement from the previous month when Typhoon Nona pushed up prices due to hampered production, transport, and delivery of agricultural products in the affected areas,” Esguerra added. The January inflation rate fell within the Bangko Sentral ng Pilipinas target of 0.8-1.6 percent for the period, and exactly in line with market consensus. Inflation in non-food items also Read More …
The Max’s Group is pursuing its expansion with the planned opening of 60 to 80 new stores across all its brands, both locally and overseas. This is in line with its goal to have 1,000 stores by 2020. STAR/File photo MANILA, Philippines – The Max’s Group Inc. has approved a two-year share buy back program amounting to P350 million. In its disclosure, the company said received the green light from its board to implement a two-year share buy back program. “This is in line with the corporation’s cash management activities seen to benefit shareholders in the long-term. At today’s closing price of P14.54 per share, the amount of P350 million is equivalent to approximately 2.2 percent of the firm’s total outstanding shares,” Max’s said. Companies have been buying back shares since last year amid the ongoing market volatility, which has pulled down share prices. These include Bloomberry Resorts Corp., International Container Terminal Services Inc., Energy Development Corp., Splash Corp., Phinma Corp. Vista Land and Belle Corp. Analysts said many companies are buying back shares to take advantage of the low price environment. The Max’s Group is pursuing its expansion with the planned opening of 60 to 80 new stores across all its brands, both locally and overseas. This is in line with its goal to have 1,000 stores by 2020. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 It recently signed an agreement with China-based partners JuYangYiTong of the Zhongfa Group to build at least 15 Yellow Cab Pizza Read More …