DIPOLOG CITY — Challenges arising from Association of Southeast Asian Nations (ASEAN) integration are not just about tariff, but more to do with standards conformance and intellectual property rights, Mindanao’s top business leaders were told at the opening yesterday of the 24th Mindanao Business Conference here.
In an en banc decision on July 30 (CTA En Banc Case No. 1191), the Court of Tax Appeals (CTA) reiterated the legal principle that allegations of falsity or fraud in the filing of tax returns must be proven to exist by clear and convincing evidence and cannot be justified by mere speculation. The fraud or falsity contemplated by law is actual and not constructive in nature. Therefore, it must be intentional i.e. a willful and deliberate act of deception with the sole objective of avoiding tax.
ZAMBOANGA CITY — Mindanao’s economic and business leaders are gathering in Dipolog City, Zamboanga del Norte starting today for the three-day Mindanao Business Conference (MinBizCon) with discussions focusing on how investors in the southern island can best take advantage of new opportunities offered by the Association of Southeast Asian Nations (ASEAN) integrated economy.
A PROPOSAL to reduce income taxes will move forward at the House of Representatives next week, a senior lawmaker said, with expanded exemptions for more workers and a lowering of the top tax bracket to 30% under consideration.
DAVAO CITY — The Plant Quarantine Service (PQS) at the Bureau of Plant Industry is setting up a database that will identify and accredit Cavendish banana exporters to deter so-called “pole-vaulting,” the practice of growers selling to other parties a crop already contracted to exporters.
Who says crossovers can’t handle a real-life off-road trail? Subaru just proved naysayers wrong when they brought bone stock Foresters, in both turbo and non-turbo trims, to the first-ever X-Mode drive that brought their compact crossovers from San Juan to through some rough terrain eventually ending up at the Daraitan River in Tanay, Rizal. The highly experiential activity, open to both the motoring media and Forester owners, showcases some of the leading feature of the country’s bestselling compact crossover. Chief among them is the generous 220-millimeter ground clearance and 500-millimeter water wading depth. Of course, this is joined by the 23.0-degree approach, 21.0-degree ramp breakover, and 25.0-degree departure angles. These figures are certainly are much more adept at handling off-road trails compared to other vehicles in its class. More than just the design though, the secret of the Forester is in its unique mechanical architecture that makes it a cut above the rest in handling difficult terrain. Where other crossovers fear to tread, it remains a confident vehicle thanks first to the Symmetrical All-Wheel Drive (S-AWD) system that reduces mechanical power loss from the engine to the wheels. Next, the Boxer engine reduces the center of gravity meaning it has a lesser tendency to tip when traversing steep terrain. The main highlight though is X-Mode. First introduced in the current-generation Forester, X-Mode coordinates the engine, transmission, AWD, and brakes enabling it to safely drive through any terrain. It also re-configures the Vehicle Dynamics Control (VDC), traction control, and enables Hill Read More …
ONLINE HIRING activity in the Philippines declined by 36% year on year in July led by the production, manufacturing, and automotive sectors amid “economic uncertainty in the region,” according to the Monster Employment Index (MEI) released yesterday.
FOREIGN BUSINESS groups prodded Congress to approve two measures that will remove foreign ownership restrictions for financial companies.
DESPITE OPPOSITION from local carriers, the Philippines and the United Arab Emirates (UAE) signed a new air service agreement, increasing their mutual entitlement to 35 flights a week from the current 28, the Civil Aeronautics Board (CAB) said over the weekend.
NEW RENEWABLE energy (RE) service contracts are expected to be awarded to developers this week, an official from the Energy department said, noting this will mark the conclusion of the second round of open and competitive selection process (OCSP 2).