PANABO CITY — About P1 billion will be invested by the Anflo Management and Investment Corp. (Anflocor) for the development of its 63-hectare Anflo Industrial Economic Zone here, while locators are expected to bring in at least P10 billion more.
THE HOUSE of Representatives on Monday night gave third-reading approval for a measure seeking to extend the use of a special agricultural fund to 2022.
LEGISLATION creating a separate agency to undertake foreign trade agreements was approved by the Senate yesterday, sending that chamber’s version into bicameral session where it will be harmonized with the House version approved as early as 2014.
MORE COMPANIES engaged in oil, gas and mining businesses are opening their books for government and public scrutiny, according to the Philippine Extractive Industries Transparency Initiative (PH-EITI).
In August 2015, the Cebu Chamber of Commerce and Industry (CCCI) together with the Financial Executives Institute of Cebu, Inc. (FINEX Cebu), the Confederation of Philippine Exporters Foundation (Cebu), Inc. (PHILEXPORT Cebu), and the Philippine Institute of Certified Public Accountants — Cebu Chapter (PICPA — Cebu) submitted a position paper to the Department of Finance (DoF) requesting amendments to the Bureau of Internal Revenue Importer Clearance Certificate (BIR-ICC) and BIR Customs Broker Clearance Certificate (BIR-BCC) requirements in relation to the accreditation of the importer and customs broker, respectively. To date, the petitioners have not received feedback from the DoF. Hence, I reprint below the significant parts of the position paper.
THE DEPARTMENT of Justice’s (DoJ) procurement body has moved to March 7 the submission of bids for the P50.2-billion prison facility to be built via public-private partnership (PPP).
THE PHILIPPINES could cite robust domestic demand and depressed oil prices as selling points in attracting more investments that could subsequently cushion the possible retrenchment of overseas Filipino workers (OFWs) in the Middle East amid the oil price slump, the Finance department’s chief economist said.
(First of two parts) In our previous columns, we discussed the final reports of the Organisation for Economic Co-operation and Development (OECD) on the different action plans to address Base Erosion and Profit Shifting (BEPS). We will now focus on Action 14, which reflects the commitment of participating countries to implement substantial changes in their approach to dispute resolution.
INCLUSIVE GROWTH will remain a “pressing” issue for the Philippines, according to the Finance department’s chief economist, despite an economic performance believed to have stood out in Asia last year.
THE Supreme Court has upheld the decision of the Department of Transportation and Communications (DoTC) to award the Mactan-Cebu International Airport (MCIA) modernization project to the consortium of Megawide Construction Corp. (MCC) and India’s GMR Infrastructure Ltd.