THE Department of Transportation (DoTr) will soon be opening a new and shorter sea route from the Philippines to Indonesia in a bid to enhance connectivity and boost international trade within the two nations.
Jan 152017
Jan 152017
(Second of three parts)In the first part of this series, we discussed the difference in the procedures for processing refund claims for unutilized input Value-Added Tax (VAT) on account of zero- or effectively zero-rated sales prior to and after the issuance of Revenue Memorandum Circular (RMC) 54-2014; given the Bureau of Internal Revenue’s (BIR) mandate to increase tax collection, it needs every peso it can collect from, and not refund to, taxpayers; and the maintenance of the status quo under the current administration insofar as the application of the circular.
Jan 132017
THE Department of Agrarian Reform (DAR) is set to improve its land tenure services (LTS) as it seeks to hasten the distribution of properties to landless farmers.
Jan 132017
THE BUREAU of Customs (BoC) released on Friday an initial list of importers and brokers whose accreditation had been revoked due to technical smuggling.
Jan 122017
THE Department of Energy (DoE) said that it is performing test runs on alternative fuel for power plants affected by the Malampaya maintenance shutdown.
Jan 122017
THE Philippine Economic Zone Authority (PEZA) said it will recommend three regions in Mindanao for a scheme allowing the payment of lower power rates by economic zones, involving the allocation of low-cost power generated by the southern island’s hydropower plants.
Jan 122017
THE Department of Agriculture (DA) may delay its 2017 plan to cultivate hybrid rice on one million hectares of farmland to next year amid lack of financial resources for the rice program.
Jan 112017
BUDGET Secretary Benjamin E. Diokno remains positive on the underlying revenue assumptions behind the 2018 budget, which will incorporate the results of reforms to the tax system, though delays raise the risk of some infrastructure projects going unfunded.
Jan 112017
THE Philippine Economic Zone Authority (PEZA) is expecting to have more Japanese firms locate in the country after the visit of Japanese Prime Minister Shinzo Abe this week.
Jan 112017
As we start the new year, we reflect on the past 12 months and plan for the days ahead. We have roles to fulfill as part of a family, an extended professional family, and as a member of society. A relevant step to this reflection and planning, is to be an informed citizen. Article II of the 1987 Constitution provides that the state adopt and implement a policy of full public disclosure of all its transactions involving public interest, subject to reasonable conditions prescribed by law. The Bill of Rights further guarantees the right of the people to information on matters of public concern. Every citizen is afforded access to official records, and documents pertaining to official acts, transactions or decisions, subject to limitations as may be provided by law.