Apr 202015
 

The April 15 deadline has come and gone, but unfortunately some taxpayers missed the deadline. For those who successfully filed their annual income tax returns (ITRs) despite all the challenges, hats off to you. But don’t celebrate yet because tax filings are not over. Before packing for the much-awaited summer holidays, mark your calendar and comply with the following post April 15 requirements.

Apr 182015
 
DOTC defers anew bid proposals for P4-B transpo hub in Taguig

MANILA, Philippines – The Department of Transportation and Communications (DOTC) has deferred anew the bid submission deadline for the proposed P4-billion transportation hub in Taguig City by at least a month to give prequalified bidders more time. DOTC undersecretary Jose Perpetuo Lotilla issued General Bid Bulletin 15 – 2015 informing the prequalified bidders on the changes in the May 18 deadline for the Integrated Transport System (ITS) South Terminal project. “In view of the final clearances that will have to be secured for the project, and in order to give prospective bidders ample time to prepare their submissions, the deadline of submission and opening of bids shall be moved from May 18 to 30 calendar days from the confirmation of the final version of bidding documents,” he said. Lotilla pointed out that the final version of the bid documents approved by the agency’s Pre-Qualification Bids and Awards Committee (PBAC) could be accessed by the bidders in the data room in the DOTC website. The DOTC has already prequalified Ayala Land Inc., Filinvest Land Inc. of taipan Andrew Gotianun, Datem Inc., and MWM Terminals led by Filipino-owned Megawide Construction Corp. for the PPP project last Dec. 10. Earlier, DOTC assistant secretary for legal affairs Jaime Fortunato Caringal issued General Bid Bulletin 12 – 2015 moving the submission date for bid proposals for the Public-Private Partnership (PPP) project to May 18 instead of June 1. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The DOTC earlier deferred the submission of bids Read More …

Apr 152015
 

The specter of a deflationary spiral or economic crash has set most central banks around the world to embark on what seems to be a one-way trip: Quantitative Easing or “QE” for short. After the Bank of Japan, the Federal Reserve, the Bank of England and even the People’s Bank of China, it was recently the turn of the European Central Bank to launch its own version of QE in March, raising its purchases of public and private debt from around EUR13 billion to EUR60 billion per month until at least September 2016.

Apr 152015
 
8 things the media revolution taught us

“Confluence” is this year’s theme of the MSAP Media Congress. It stands for “convergence” and “influence.” MANILA, Philippines – In Nick Gabunada’s opening remarks in the biennial Confluence Media Congress 2015, he underscored the need to embrace the media revolution by creating significant shift to cater to consumers’ changing wants and needs for technology. The two-day event by the Media Specialists Association of the Philippines (MSAP), encourages practitioners to reimagine, rethink and reshape the future of media by understanding “confluence,” or by capturing the convergence and influence of media touch points. The Philippine media industry now advances through the use of data and technology. Unlike before, enticing the consumers is not as simple as posting ads on newspapers. One now has to consider embracing platforms across various digital devices. Here are some ideas the media revolution has taught us and ushered in, as mentioned by the speakers in the Confluence conference. Social media is key in tourism promotion. Every Filipino is familiar with the Philippine tourism campaign. “It’s more fun in the Philippines,” the brainchild of of Tourism Secretary Ramon Jimenez Jr. Jimenez said social media is key to the success of the campaign. “It’s more fun in the Philippines started with three versions only, but now it already has more than 178,000 versions, counting so far only those that we have seen,” he said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Because finding a place to visit and booking hotel reservations are just a single click away, domestic travelers in Read More …

Apr 152015
 
Taiwan not among 57 charter members of China's Asian Bank

Standing in front of the national flag and a portrait of Dr. Sun Yat-sen, the founding father of the Republic of China, Taiwan’s Premier Mao Chi-kuo speaks to the foreign media about Taiwan’s interest in joining the Asian Infrastructure Investment Bank (AIIB) in Taipei, Taiwan, Wednesday, April 1, 2015. AP/Wally Santana BEIJING — China on Wednesday announced the 57 charter members of the proposed Chinese-led Asian Infrastructure Investment Bank, with longtime rival Taiwan left off the list despite expressing a desire to join. Taiwan’s exclusion means it won’t participate in drawing up the bank’s foundational documents and governance rules, although Beijing says the island is welcome to join later. Beijing on Monday indicated that issues surrounding Taiwan’s accession still need to be hammered out, especially the question of what name the island should be referred to by. Asian Infrastructure Bank membership and potential membership.Philstar.com/Ember Edison    Prospective Founding Members, or PFM, which signed the memorandum to build AIIB    Approved as PFM of AIIB    Applying to become PFM of AIIB    Application under consideration    No commitment to participate    Uncommitted Chinese pressure forces Taiwan to participate in international sporting competitions and other events as “Chinese Taipei,” the name suggested by Taiwanese President Ma Ying-jeou when he proposed the island’s membership in the bank. However, Beijing appeared to have rejected that suggestion. Although it has not offered an alternative, China succeeded in 1986 in having Taiwan’s name at the Asian Development Bank changed from “Chinese Taipei,” to “Taipei, China.” Read More …