AT LEAST P26.9 billion is lost to fuel smuggling annually, the Department of Finance (DoF) estimated.
May 282017
May 282017
Technological developments in the past few years have resulted in massive leaps in work, communications and connectivity. There has been an incredible proliferation of personal devices; the size and cost of wireless technology has dropped tremendously; IPv6 makes it possible to assign a communications address to billions of devices; electronics companies are building Wi-Fi and cellular wireless connectivity into a wide range of devices; mobile data coverage has improved significantly with many networks offering broadband speeds; battery technology has improved significantly; and solar recharging has been built into numerous devices.
May 252017
THE BUDGET department expects revenue effort, a measure of tax collection efficiency, to rise to 17.7% of gross domestic product (GDP) by the time the administration steps down from office, aided by the comprehensive tax reform program currently going through the legislative mill.
May 252017
HUNGARY has offered the Philippines a credit facility for private businesses as well as a grant to finance a feasibility study to clean up Laguna de Bay and Manila Bay, the Department of Agriculture said.
May 252017
THE National Privacy Commission (NPC) is looking to tap banks and other institutions to enhance data protection protocols, the agency said in a statement.
May 242017
THE Federation of Philippine Industries (FPI) said that it is open to the tariff-free importation of sweetener high fructose corn syrup (HFCS) as a means of stimulating the competitiveness of the sugar industry, as long as users purchase equivalent amounts from cane sugar producers.
May 242017
THE Department of Energy (DoE) has ordered the participation of the National Transmission Corp. (TransCo) in the preparation, review and evaluation of the country’s transmission development plan (TDP), an activity that in past administrations has been taken on solely by National Grid Corp. of the Philippines (NGCP).
May 242017
As reported, Congress is expecting to pass House Bill No. 5636 or the (new) Tax Reform Acceleration and Inclusion (TRAIN) on second reading this week, but not after intense plenary debates. This bill is the substitute bill of the earlier House Bill No. 4744 and other related tax measures. It adjusted some of the more contentious provisions in the old TRAIN. For legislation with a profound impact on all Filipinos, it is important to hear many arguments, whether pro or anti, in order to make an informed decision.
May 232017
RUSSIA is set to sign an agreement on Thursday with the Philippines to firm up its earlier commitment to buy $2.5 billion worth of agricultural products over the next 12 months.
May 232017
THE comprehensive tax reform program being counted on by the government to fund its ambitious infrastructure plan has made it to plenary debate at the House of Representatives.