THE Environment department’s decision to shutter and suspend more than three-fifths of the country’s 41 metal mines, which account for half of the country’s nickel supply, is rattling nickel buyers, especially in China and Japan, an industry official said.
THE Bureau of Customs (BoC) exceeded its target collections for the third month in a row in January on the back of its anti-smuggling campaign.
DAVAO CITY — Detailed projects are now being drawn up under the BIMP-EAGA Vision 2025 (BEV 2025) as the four member countries of the sub-regional grouping aim for more tangible results by the end of the new road map.
FINANCE Secretary Carlos G. Dominguez III has ordered an overhaul of the large taxpayer registry to better reflect the extent of the economy’s growth, after the Bureau of Internal Revenue (BIR) set a lower 2017 collection target for the segment.
It is axiomatic in a democratic society that no one should be deprived of life, liberty or property without due process of law, i.e., to be given a chance to heard and present a case according to the rules set forth by the authorities before any action can be taken. Failing this, any action of the government to take one’s life, liberty or property is void and of no effect. In a recent decision promulgated by the Court of Tax Appeals (CTA) in Mannasoft Technology Corp. vs. Commissioner of Internal Revenue, CTA Case no. 8745 dated Jan. 13, 2017, the CTA Third Division reiterated the importance of strictly adhering to the rules set by the Bureau of Internal Revenue (BIR) in conducting tax assessments.
PRESIDENT Rodrigo R. Duterte has given his full support in the Finance department’s tax reform program, according to Finance Secretary Carlos G. Dominguez III.
THE PHILIPPINES will eventually need to build a new airport to accommodate increasing passenger traffic, the Center for Asia Pacific Aviation (CAPA) said in a report, but should immediately implement measures to decongest the country’s main gateway like transitioning to a single runway operation and increasing capacity through upgrades of its four terminals.
The Securities and Exchange Commission (SEC) released in November the new Code of Corporate Governance for Publicly Listed Companies that introduced changes to further strengthen the core principles of fairness, accountability and transparency. The provisions of the 2009 Revised Code of Corporate Governance are still effective for covered companies that are not listed in an exchange. The development of the new code was also guided by the recent changes in the Organization for Economic Cooperation and Development (OECD) principles of corporate governance released in September 2015, and from a series of discussions with other corporate governance advocates in the region.
ILOILO CITY — Bidding will soon be opened for the $5.5-million Northern Iloilo Fishery Rehabilitation and Development Project, located in Concepcion town in Iloilo province, following the green light for funding from the Korea International Cooperation Agency (KOICA).
THE COUNTRY’S jobseekers may have access to a wide range of career opportunities as companies ramp up their hiring activities this year, according to an international specialist professional recruitment firm.