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 – Northern Mindanao is banking on festivals and conventions in the remaining months of 2015 to reach its target of 3.2 million tourist arrivals by year-end, a ranking tourism official said. Department of Tourism Region 10 director Catalino Chan III said the region is close to reaching its 12 percent growth projection this year after posting two million arrivals from January to July. In 2014, Northern Mindanao recorded 2.9 million arrivals, 32 percent of which are foreign tourists. Despite the recent Samal kidnapping case in the neighboring Davao region, Chan said he is upbeat the region will catch up with the remaining 1.2 million target as around five festivals and two major conventions are still lined up until December. “We increase more on our festivals because it’s the best way for people to be entertained in our place,” he said. Chan added Northern Mindanao greatly depends on the agricultural ecotourism in Bukidnon and adventure sites in Cagayan de Oro, which is now one of the top 10 destinations in the country. Meanwhile, the region also considers proposing new flights for the Laguindingan Airport to further sustain tourist arrivals, particularly from the Korean market. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 He said infrastructure in the region can support tourist inflow as one big hotel is set for opening and another eyes construction next year. Furthermore, DOT-accredited establishments in the region increased 32 percent, from 2,900 rooms in 2014 to this year’s approximately 4,000 rooms, in its Read More …