MIGHTY Corp. was rejected by a Manila Regional Trial Court (RTC) after it requested a preliminary injunction against warehouse investigations pursued by the Bureau of Customs (BoC), with the court citing “lack of jurisdiction.”
Mar 242017
Mar 242017
THE government will be sending a Cabinet-level delegation to Japan on March 27-28 to discuss potential partnerships for big-ticket projects in the Philippines, according to the Department of Finance (DoF).
Mar 242017
POTENTIAL Japanese investors have noted a skills shortfall in the Filipino workforce which makes them hesitant to pursue projects in the country, the National Economic and Development Authority (NEDA) said.
Mar 232017
THAI AGRI-BUSINESS conglomerate Charoen Pokphand Foods (CP Foods) Public Co., Ltd. has committed to expand its business in the Philippines, with plans to invest $500 million within a year, Trade Secretary Ramon M. Lopez said.
Mar 232017
THE National Food Authority (NFA) said it is closely monitoring rice stocks in case of disruption to plans for government to government importation during the lean months.
Mar 232017
THE National Economic and Development Authority (NEDA) through its Investment Coordination Committee-Cabinet Committee (ICC-CC) on Tuesday approved the revisions to the cost of two transport projects, the shift of financing of an irrigation project and a dam project as well as a cost threshold for projects under review.
Mar 222017
THE GOVERNMENT is now looking at a multi-airport approach to address persistent air congestion problems and the need to expand the capacity of Philippine gateways in anticipation of more arrivals in the medium to long-term.
Mar 222017
TEN proposed bills — including tax reform and the emergency powers bill — have been identified as priorities by both houses of Congress and Malacañang after officials from the Senate Secretariat and the Presidential Legislative Liaison Office (PLLO) met on Tuesday.
Mar 222017
The BIR has issued Revenue Regulations (RR) No. 3-2017 to implement the tax provisions of Republic Act (RA) No. 10693, otherwise known as the “Microfinance NGO Act.” In 2015, RA 10693 was signed into law to pursue poverty alleviation programs by encouraging underprivileged Filipinos to undertake entrepreneurial ventures that provide income security to their families. It aims to encourage non-government microfinance institutions to work with the government to pursue community development and improvement in the socioeconomic welfare of marginalized sectors through financially inclusive and pro-poor financial and credit policies and mechanisms, such as microfinance and its allied services.
Mar 212017
THE Philippine Ports Authority (PPA) has tempered its growth targets this year, expecting a “challenging 2017” amid persistent volatility in the peso and reduced volume expected from miners.