Various governments have been studying how to subject to business tax the so-called Transport Network Companies, of which Uber and Grab are the most prominent examples here. Several complaints have been submitted before Courts and legislatures around the world, seeking to thresh out the question of the industry’s regulation and tax treatment.
DAVAO CITY — Geotagging has led to the rejection of some P300 million worth of flawed projects under the Mindanao Rural Development Program (MRDP), making the funds available for other proposals.
THE ADMINISTRATIVE procedures relating to licensing and permits for on-grid solar photovoltaic plants in the Philippines has been described as “complex, time-consuming and costly” by the German international development agency GIZ.
First of two parts Of the 15 Action Plans to address Base Erosion and Profit Shifting (BEPS), Action Plans 8 to 13, or those dealing with transfer pricing (TP), are generally expected to have an immediate impact because most of the recommendations under the TP-related Action Plans can be implemented right away without the need for changes to bilateral tax treaties or domestic laws.
MANILA, Philippines – Cash withdrawals by the government rice agency pushed up the amount of debts guaranteed by the National Government on behalf of state institutions as end of September, data from the Bureau of Treasury showed. Debt guaranteed by the government amounted to P445.2 billion from January to September, up 7.8 percent from the P412.9 billion recorded in the first eight months of the year. On a year-to-year basis, guaranteed debt declined 2.4 percent from P456.35 billion. Guaranteed debt refers to the liabilities of state agencies which are given payment assurance by the National Government in case they fail to pay it on time. These obligations are not included under the official National Government data, until at least the debtor agency fails to pay. During such time, guaranteed debts are turned into assumed liabilities which the government needs to settle. Hence, guaranteed debts are good gauge of whether the state is being burdened by debts of its own agencies. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The Bureau of the Treasury attributed the higher debt to the inclusion of a guarantee” to a loan by the National Food Authority (NFA). The NFA loan amounted to P32.78 billion. The amount was taken up by the NFA from its credit facilities with state-owned Land Bank of the Philippines and Development Bank of the Philippines, the Treasury said. The loaned amount, in turn, was recorded under domestic guaranteed debts that totaled P137.78 billion, 30.4 percent higher than the P105.7 billion Read More …
MANILA, Philippines – Unilever Philippines is renewing its partnership with key organizations in the country to intensify its fight against unsafe water use and poor sanitation. Unilever said it strengthened its partnerships with the Department of Education, Manila Water Foundation, and Knowledge Channel to increase the impact of its health and well-being advocacies that target to save one billion people worldwide. “We all know that last month, the Millennium Development Goal was re-launched as the Sustainable Development Goals. These are the 17 goals that each and every one of us, as residents of this planet, must be able to identify with,” Liza Vengco, Unilever Philippines’ sustainable business and communications manager said. With its renewed partnership with the three organizations, the company said it expects to increase the impact of its initiatives by providing more Filipinos access to hand washing facilities and information on proper hand washing. In the Philippines, Unilever said around 90 percent of households do not practice proper toilet sanitation, while one out of three people do not bother to wash their hands after using the toilet. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 This, in turn, leads to various illnesses, particularly diarrheal diseases, which account for about 1.7 million deaths every year worldwide, the company said. “We hope to lock them (Unilever) in as an annual partner because we are very happy that our visions are so much aligned with theirs. In terms of reach and how we execute the program, I am very positive Read More …
MANILA, Philippines – Smart Communications Inc. is providing a special offer for the latest Apple mobile phones iPhone 6s and iPhone 6s Plus. In a statement, Smart said as a special offer from Nov. 6 to Dec. 31, consumers can get the iPhone 6s for free on Plan 2000 under a 30-month contract. The plan is inclusive of a super-sized 10GB data allowance for all the videos, music and games as well as all-month surf to access websites and apps like Instagram, Facebook, Twitter, Viber, Whatsapp, Line and Messenger. As part of the limited offer, consumers can also get their hands on the iPhone 6s Plus for free on Plan 2499 under a 30-month term, inclusive of super-sized 15GB data allowance and all-month surf which can be enjoyed throughout the duration of the contract. The latest iPhones will also be available via Smart Infinity or Smart’s premium postpaid brand which allows subscribers to get complimentary iPhone 6s 128GB under Infinity Consumable Plan 5000 or two units of iPhone 6s 16GB under consumable LTE Plan 8000. The iPhone 6s and iPhone 6s Plus which have the most advanced chip available in a smartphone, come in four colors: space gray, silver, gold and the new rose gold. Under Smart’s partnership with Uber, Smart subscribers can have the iPhone 6s Rose Gold 16GB delivered to their doorstep via an Uber vehicle. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 To avail of the delivery service, subscribers just need to click “Request an Read More …
MONEY SENT home by overseas Filipinos will continue to sustain economic growth, the Finance department said, with the slight dip in remittances in August only “temporary.”
ONLINE HOME-RENTAL marketplace Airbnb, Inc. is projecting Philippine home listings and clients to grow 300% by the end of 2015, amid a pushing to expand outside Metro Manila.
THE PHILIPPINES is one of two Asia-Pacific economies expected to be least affected by China’s slowdown, Standard & Poor’s (S&P) said, joining the host of credit raters expecting the country to be immune from its impact.