CONSTRUCTION starts, based on approved building permits, rose 2% year on year in the fourth quarter of 2016, driven by strong growth in condominium projects, according to preliminary data from the Philippine Statistics Authority (PSA).
Mar 082017
Mar 082017
I’m quite sure that, at one time or another, you have experienced paying for an item at a store, and been asked for coins to help the cashier make change, or received candy from the cashier in lieu of small amounts. You might have also experienced commuting and having to ask for your change a couple of times before the driver or conductor complies with your request. With Republic Act (RA) No. 10909, also known as the “No Shortchanging Act of 2016,” and its Implementing Rules and Regulations (IRR) under the Department of Trade and Industry (DTI) in the form of Department Administrative Order No. 16-03 Series of 2016, the practice of shortchanging customers may soon be a thing of the past.
Mar 072017
THE manufacturing sector needs to account for 30% of total value-added and 15% of total employment to help maintain the country’s overall economic growth track, the Joint Foreign Chambers (JFC) said in their Arangkada Philippines manufacturing policy note.
Mar 072017
BILLS CALLING for the establishment of Mindanao Power Corp. (Minpocor) and Mindanao Railways Corp. were approved recently by the House committee on government enterprises and privatization in its joint hearings with the committees on energy and on transportation.
Mar 072017
CHINA has committed to finance at least three infrastructure projects in the Philippines worth $3.4 billion, two of which could be rolled out in the first half of this year, trade officials from both countries said on Tuesday.
Mar 062017
PRESIDENT Rodrigo R. Duterte has approved the 2017 Investment Priorities Plan (IPP), which is intended to make development more inclusive by providing incentives to better distribute investment across the regions.
Mar 062017
PRESIDENT Rodrigo R. Duterte on Monday approved the establishment of a national broadband system that would provide connectivity to areas not served by commercial telco players, according to a Cabinet Secretary who was present at the meeting.
Mar 062017
According to news reports, the House of Representatives approved on third and final reading two tax bills: House Bill (HB) No. 4814 proposing an estate tax amnesty, and HB 4815 which calls for a single lower estate tax rate. Our congressmen unanimously passed the bills. HB 4814 garnered a vote of 216-0-0, while HB 4815 received a vote of 219-0-0.
Mar 052017
THE Department of Environment and Natural Resources (DENR) said experts connected with its mining audit performed compliance tasks only and will only undertake independent scientific tests in the validation of miners’ environmental practices in a multi-agency review that starts this month.
Mar 052017
THE Department of Finance (DoF) is hoping for committee-level approval today of the tax reform program, as the House ways and means committee synthesizes all measures included in the first reform package.