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 – Philippine Long Distance Telephone Co. (PLDT) is looking to invest about $40 million for a cable landing station and data center in Mindanao to boost its network. Eric Alberto, executive vice president and head of enterprise at PLDT and Smart Communications Inc., said the company wants a cable landing facility and data center in Mindanao within the next two to three years. He said the company may invest a minimum $40 million for the cable landing station and data center in Mindanao. The final amount would depend on what is agreed upon with telecommunication firms from Indonesia, Brunei and Malaysia. “We are looking at a variety of consortium, with the Indonesian, Bruneian and Malaysian telcos… We have about two or three options. We are finding out which is the most feasible for us,” Alberto said. The cable landing station would link to Japan and then to the US. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The company is looking to invest in a cable landing station and data center in Mindanao to augment existing facilities in Luzon. The company has cable landing stations in Nasugbu in Batangas, Bauang in La Union, and in Daet, Camarines Norte. PLDT has earlier injected $55 million to the $550-million Asia-America Gateway project in La Union involving a 20,000-kilometer undersea cable network. The project connects Malaysia, Singapore, Thailand, Brunei Darussalam, Vietnam, Hong Kong, the Philippines, Guam, Hawaii, and the US West Coast using 40 gigabits per second (Gbps) technology and Read More …