THE HOUSE of Representatives is on track to approve the P3.002-trillion national budget for 2016 on final reading by Friday, well ahead of the expected disruptions to legislative work caused by the election campaign, officials said.
Oct 062015
Oct 062015
PRESIDENT Benigno S. C. Aquino III has certified as urgent the proposed P3.002-trillion national budget for next year, allowing the Lower House to expedite the approval of the measure.
Oct 062015
ILOILO CITY — Member nations of the Asia-Pacific Economic Cooperation (APEC) have adopted the Iloilo Plan of Action, which promotes inclusive growth through food security and climate resiliency for the fisheries sector.
Oct 052015
PROSPECTIVE bidders for the P170.7-billion South Line of the North-South Railway Project (NSRP) have asked the government to push back the timetable of the biggest project under the government’s public-private partnership (PPP) program.
Oct 052015
A MEASURE creating a trust fund controlling the assets from the Marcos-era coconut levy will soon be up for plenary vote at the House of Representatives after it clinched committee approval yesterday.
Oct 052015
The call for tax reform is ever growing in the Philippines, out of fear we are being left behind by our neighbors in Southeast Asia, coupled with concerns that our people are at the mercy of the current tax system. Our legislators have put forward revenue bills to finally amend the almost two decade-old income tax brackets set forth in the 1997 National Internal Revenue Code of the Philippines. Unfortunately a few days ago, the House of Representatives shelved the bill proposing the reforms.
Oct 042015
THE GOVERNMENT’S track record of underspending, which amounts to more than P600 billion since 2011, indicates that it has some leeway to cut income taxes, on which the estimated foregone revenue is only P30 billion, former Senate Finance Committee Chair Francis G. Escudero said in a statement on Sunday.
Oct 042015
ILOILO CITY — Developing more aquatic farms for the cultivation of fish and water plants could provide a boost to food security while curbing illegal fishing, said officials at the ongoing Asia-Pacific Economic Cooperation (APEC) meetings on Food Security and Blue Economy.
Oct 042015
All over the world, people and industries are seeing the dramatic effect of technology. As new innovations are developed, new industries, services and business models are also created. One such area is in financial technology, or FinTech, which was the theme of the keynote address at a recent EY Banking and Capital Markets Symposium held in Singapore. The focus of the speaker was on the evolution of banks in the FinTech space and the view that up to 20% of traditional bank revenue is at peril due to FinTech.
Oct 012015
ADDITIONAL FUNDS are being sought for the government to support state programs as the country pursues the Sustainable Development Goals (SDG) by 2030.