THE DEPARTMENT of Trade and Industry (DTI) is to meet members of business groups and nongovernment institutions to discuss the state of trade negotiations with the European Free Trade Association (EFTA).
Nov 092015
Nov 092015
DAVAO CITY — The city’s business process outsourcing (BPO) industry is expected to continue its robust growth in the next few years but its sustainability will largely depend on the availability of qualified manpower.
Nov 092015
The big news in tax circles these days is an initiative by various groups seeking the immediate adjustment of the 19-year-old set of tax brackets and the reduction of income tax rates for individuals and businesses. But another reform has taken place without much fanfare: the change in syllabus for the Certified Public Accountant (CPA) board examination.
Nov 082015
DAVAO CITY — A decision on implementing a Wholesale Electricity Spot Market (WESM) for Mindanao will come within the first half of next year, with the island deemed ready for a power auction system given the expected surplus in supply from new coal-fired power plants.
Nov 082015
THE BUREAU of Customs (BoC) is anticipating the passage of a measure allowing upgrades to its charter by the end of the year as the country gears towards regional economic integration.
Nov 082015
(Second of two parts) Last week, we began the discussion on the 3-tiered standardized approach to Transfer Pricing (TP) documentation that is prescribed in Base Erosion and Profit Shifting (BEPS) Action Plan 13, which amended certain sections of the Organization of Economic Cooperation and Development Transfer Pricing (TP) Guidelines. This 3-tiered standardized approach requires the preparation of a Master File, a Local File, and Country-by-Country Report (CBCR), following a prescribed template.
Nov 062015
THE PHILIPPINE Ports Authority (PPA) has formally opened the P57 million passenger terminal building in the Port of Tagbilaran, in response to the influx of tourists in Bohol province.
Nov 062015
A GROUP of lenders have assigned to the Asian Development Bank (ADB) up to $20 million of a loan facility for a 150-megawatt wind farm project in Burgos, Ilocos Norte province.
Nov 062015
A HIGH-LEVEL dialogue is set between government leaders and heads of private businesses during the Asia-Pacific Economic Cooperation (APEC) summit to further look into how they can provide better jobs and services to poor communities in the region.
Nov 052015
THE PHILIPPINE economy likely grew faster in the third quarter this year compared with the first six months, Department of Budget (DBM) and Management Secretary Florencio B. Abad said, with the coming holiday season and the prospect of next year’s elections expected to have driven the gains.