PRIVATE SECTOR economists see inflation for 2015 logging in at 1.6%, slightly below the official target set by government and closer to the central bank’s projection for the full year, a recent survey of the Bangko Sentral ng Pilipinas (BSP) showed.
REAL ESTATE investment trusts (REIT) may get a new lease on life as the government evaluates the adoption of a comprehensive tax reform program, an official of the Securities and Exchange Commission said.
(Second of two parts) In last week’s column, we discussed how the Organization for Economic Cooperation and Development (OECD) issued its final report on all the 15 BEPS Action Plans on Oct. 5, which was the culmination of two years of work with the intent of restoring confidence in the international tax framework by addressing weaknesses that create opportunities for Base Erosion and Profit Shifting (BEPS). We previously looked at the first seven Action Plans, which discussed areas such as hybrid mismatch arrangements, controlled foreign company rules, interest benefits and treaty benefits, among others. We will now continue with the remaining six Action Plans.
THE GOVERNMENT is set to review its program to mitigate the effects of El Niño given a change in weather patterns, which may soften the blow of an expected drought, a Cabinet official said.
DAVAO CITY — A total of 190 infrastructure projects with a combined cost of P11.3 billion have been approved for implementation under the Philippine Rural Development Project (PRDP), with Mindanao cornering the bulk at P5.1 billion for 113 sub-projects.
TWO INSURANCE consortia are poised to bag deals for the countrys public utility vehicles (PUVs), sealing their foothold over a market that will likely exceed 400,000 units in three years due to online ride-hailing applications.
ILOILO CITY — The provincial government of Iloilo is assessing three options for the construction and management of the first of two planned special economic zones in the northeastern coastal area.
DAVAO CITY — The Light Railway Transit (LRT) system that will run from the north to the southern end of the city, proposed by Korean Engineering & Construction (KEC), is estimated to cost P40 billion and could be completed by 2020 if construction starts next year.
Setting aside my personal opinion on issues of public governance, I somehow feel grateful whenever our government exerts effort to show concern and filial care for our senior citizens. One concrete example is the enactment of Republic Act No. 9994, otherwise known as the “Expanded Senior Citizens Act of 2010.”
MANILA, Philippines – The government made yesterday a partial award of three-year Treasury bonds in a bid to cap interest rates seen too high compared with prevailing market rates. A total P16.22 billion worth of re-issued three-year notes, with a remaining life of two years and seven months, was awarded by the Bureau of the Treasury at the auction yesterday. The paper fetched a rate of 3.169 percent. Tenders reached P36.17 billion as against the P25 billion offer. Had the government awarded the full amount, it would have paid a higher rate of 3.18 percent. The debt paper charged 3.089 percent during the previous auction. “We awarded it based on our internal guidelines which put the rate near the upper-end of our guidance. It is a little over our R2 (rate),” National Treasurer Roberto Tan told reporters after the auction. R2 pertains to the secondary market rates used by investors to trade with each other. The paper fetched 3.1 percent at this market yesterday. Treasury bonds are investment outlets issued by the government in exchange for borrowed money. Tan said the “uncertainty” coming from the looming interest rate hike of the US Federal Reserve still persists, “although there’s been a change in view” especially after the latter’s meeting last month. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Investors seeking higher yields have been awaiting the US central bank to raise its rates for the first time since 2006 as the world’s superpower showed some recovery from the global Read More …