THE GOVERNMENT’s debt payments dipped year on year in May, with the decrease capped by a surge in interest expenses, data from the Bureau of the Treasury showed.
Jul 162014
Jul 162014
STEEL IMPORTERS have been forced to deal with rising logistics cost due to ongoing port congestion in Manila, which an industry leader said could put the sector’s sales growth target for this year beyond reach.
Jul 162014
“THUS, as a matter of efficiency, the government forgoes taxes which should have been spent to address public needs, because certain private entities already assume a part of the burden. This is the rationale for the tax exemption of charitable institutions. The loss of taxes by the government is compensated by its relief from doing public works which would have been funded by appropriations from the Treasury (The Rationale for Exempting Nonprofit Organizations from Corporate Income Taxation by H. Hansmann, as cited by the Supreme Court in the case of the Commissioner of Internal Revenue vs. St. Luke’s Medical Center, 2012).”
Jul 152014
THE POWER SECTOR Assets and Liabilities Management Corp. (PSALM) is seeking offers for the supply and delivery of industrial diesel oil worth around P106.11 million for this semester.
Jul 152014
FOREIGN portfolio investments of resident Filipinos declined last year amid market uncertainty brought about by speculations on the US Federal Reserve’s winding-down of its massive stimulus program, according to Bangko Sentral ng Pilipinas (BSP) data.
Jul 152014
SIXTY-FOUR stores in Metro Manila have been found selling consumer goods at above their suggested retail prices (SRPs), the Department of Trade and Industry (DTI) said in a statement yesterday.
Jul 152014
BMW-TRS Fun Run to Breakfast at Antonio’s, included guests from the media, the BMW Car Club and super car owners MANILA, Philippines – Tuason Racing School (TRS), the Philippines’ first and longest-running professional racing school, together with BMW, known for world-class automobile engineering to provide the ultimate driving experience, launched the Tuason Racing Drive Experience powered by M. The program will be providing high-performance driving classes with the only Filipino BMW M Certified driver/trainer and founder of TRS, JP Tuason. The Tuason Racing Drive Experience was formally launched last June 29 at the BMW-TRS Fun Run Drive; a smooth Sunday drive that started in Bonifacio Global City and ended at Breakfast at Antonio’s in Tagaytay. The event featured members of the media, BMW car clubs, super car owner and enthusiasts. JP Tuason gave the participants a short discussion about the event. He also discussed that the drive experience has two types of classes namely, the High-Performance Driving (HPD) Class for BMW buyers and VIPs, and the Super Car Class for the BMW M vehicle buyers. BMW buyers and BMW VIPs within the months of July to October are eligible for a slot in the 30 slots offered by the Tuason Racing Drive Experience. The program will be focusing on technologies now available in different super cars and the skills upgrade of the owners. With a fleet of BMW vehicles and the advocacy of spreading joy, the two companies will be providing car enthusiasts with a deep dive into driving dynamics Read More …
Jul 142014
TANAUAN, LEYTE — The proposed $508.25-million Philippine Rural Development Program will be submitted next month to the World Bank’s Board of Executive Directors for approval, visiting World Bank (WB) Group President Jim Yong Kim said in a briefing here yesterday.
Jul 142014
THE GOVERNMENT expects to strike a trade deal with the European Free Trade Association (EFTA) in two years even as negotiations will likely tackle highly sensitive issues such as those being discussed for the Trans-Pacific Partnership (TPP) agreement.
Jul 142014
REBATE. Refund. Reimbursement. Money back. Return. These are not just words but music to the ears of any one who spends his hard-earned money, especially to a taxpayer who was advised that there is overpayment in tax remitted to the government which he can get back through a refund or tax credit.