TWO EX-NATIONAL Treasurers vow to continue reforms in their institutions after they took their oaths of office on Friday, with one appointed to a new position and the other returning to her former post.
Feb 032017
Feb 022017
THE GOVERNMENT’S revenue collecting agency said that it needs a P15-billion annual budget to raise its compensation package, as it moves to “professionalize” the bureau with an exemption from the Salary Standardization Law (SSL).
Feb 022017
EXPORTS in developing Asia, including the Philippines, may have recovered slightly in 2016 after the global slowdown in 2010-2015, the Asian Development Bank (ADB) said in a brief yesterday.
Feb 022017
THE NATIONAL GOVERNMENT’S (NG) outstanding debt at the end of 2016 rose slightly to above P6 trillion due to currency fluctuations and net repayments on domestic securities, according to the Bureau of the Treasury (BTr).
Feb 012017
MITSUBISHI UFJ Financial Group, Inc. (MUFG) expects more Japanese companies to enter the Philippines with economic growth to range between 6-7% this year, led by heightened consumer spending, robust business process outsourcing (BPOs) sector and overseas Filipino worker (OFW) remittances.
Feb 012017
REMITTANCES by overseas Filipino workers (OFWs) are expected to remain on the rise and fuel further domestic spending in the Philippines, boosted by improving economic prospects in the United States, the Hong Kong and Shanghai Banking Corp. (HSBC) said.
Feb 012017
After the Philippine Competition Commission (PCC) was formed in February last year, parties to a merger or acquisition that is valued at more than P1 Billion were mandated to notify the Commission in writing. Such notification was the only requirement until June 2016. The Implementing Rules and Regulations (IRR) of the Philippine Competition Act (PCA) which became effective on June 18, 2016 provided for the guidelines in determining the “value” of covered merger or acquisition as well as the review procedure.
Jan 312017
SMUGGLING and counterfeit tobacco tax stamps reduced the Bureau of Internal Revenue’s (BIR) revenue tobacco excise tax in 2016, according to a senior BIR official, citing preliminary data.
Jan 312017
THE SHUTDOWN of the Malampaya natural gas platform will be kept within the 20-day period as originally set, the Department of Energy (DoE) said on Tuesday, citing the assurance from the project’s owners that they can meet their maintenance schedule.
Jan 312017
THE Philippine Competition Commission (PCC) is seeking the help of the Department of Trade and Industry (DTI) in revising rules that currently make it difficult for foreign construction firms to do business here in the country.