THE HOUSE Ways and Means Committee is set to approve next week the measure classifying large-scale smuggling of agricultural products as economic sabotage and prescribing life imprisonment for violators.
Dec 092015
Dec 092015
In 2013, when the Supreme Court rendered a decision imposing 20% delinquency interest on a taxpayer that was under audit by the Bureau of Internal Revenue (BIR), the act of computing for penalty interest on taxes certainly became more interesting, to say the least. In September, the Court of Tax Appeals (CTA) sitting en banc issued a decision that will make things even more interesting. If the Supreme Court decision didn’t pique your interest two years ago, this one certainly will.
Dec 082015
LEGISLATORS are nearly done with discussions on the P3-trillion budget for 2016, with the bicameral conference report being readied for the ratification of both chambers on Wednesday.
Dec 082015
THE PHILIPPINES has been able to attract foreign direct investment to its special economic zones, but it still needs to enhance the benefits that they can bring, the Asian Development Bank (ADB) said in a report.
Dec 082015
SOUTHEAST ASIA is home to the most entrepreneurial people in the world, and the region is ripe for entrepreneurship as neighboring countries see it as providing good opportunities for trade, business and economic partnerships.
Dec 072015
NATIONALISM dies hard in Southeast Asia, and some countries are reintroducing protectionist measures that could hamper the region from fully achieving its envisioned integrated economic community, economist Bernardo M. Villegas said yesterday.
Dec 072015
DAVAO CITY — Several foreign investors, including one from Dubai and another based in China, recently visited the city looking for potential manufacturing locations, according to the Davao City Investment Promotion Center (DCIPC).
Dec 072015
With the finalization of the Organization for Economic Co-operation and Development (OECD) 15-point Action Plan on Base Erosion and Profit Shifting (BEPS), businesses are still uncertain about what’s next. Companies are wary of how the 15-point actions will be interpreted and implemented across various jurisdictions and how these will impact on them.
Dec 062015
OFFICE SPACE hit a record 231,412 square meters (sq. m.) during the third quarter following the entry into the market of supply amounting to 232,961 sq. m., most of which was pre-leased, property services firm KMC MAG Group, Inc. said on Friday.
Dec 062015
THE CIVIL Aviation Authority of the Philippines (CAAP) said aviation professionals remain in short supply due to lucrative offers to work overseas, with staffing for air traffic controllers (ATC) around one-third of the estimated requirement.