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Guidelines for ECC review expected next week

 Economy
Jan 062017
 

THE Environment Department is due to release next week new guidelines for the audit of the environmental impact assessment (EIA) process covering projects deemed critical to the environment.

 Posted by BusinessWorld Online: Economy at 12:54 pm  No Responses »  Tagged with: ECC, EIA

PCC asks SC to remove foreign contractor licensing hurdles

 Economy
Jan 062017
 

THE Philippine Competition Commission (PCC) said it wants to remove language favoring Filipino nationals in the licensing of contractors, calling the current provisions in Republic Act 4566 anticompetitive.

 Posted by BusinessWorld Online: Economy at 12:53 pm  No Responses »  Tagged with: PCC, Republic Act, SC

Singapore business delegation due in Feb.

 Economy
Jan 052017
 

A SINGAPORE business delegation is hoping to meet with President Rodrigo R. Duterte in February to discuss plans for expanding tourism and introduce more investment in the Philippine retail, transportation, and infrastructure sectors.

 Posted by BusinessWorld Online: Economy at 4:38 pm  No Responses »  Tagged with: Singapore

EITI harnessed to ensure compliance in use of environmental, social development funds

 Economy
Jan 052017
 

THE GOVERNMENT will be pushing for a more comprehensive Extractive Industries Transparency Initiative (EITI) report to ensure companies comply with the law in spending their social development and environmental protection funds.

 Posted by BusinessWorld Online: Economy at 4:34 pm  No Responses »  Tagged with: EITI

JICA funding tapped for farm upgrades

 Economy
Jan 052017
 

THE Agriculture Department is pushing for Philippine farms to be fully mechanized with the help of a P900-million loan from the Japan International Cooperation Agency (JICA).

 Posted by BusinessWorld Online: Economy at 4:29 pm  No Responses »  Tagged with: JICA

Trade dep’t seeking auto excise consistent with CARS policy

 Economy
Jan 042017
 

THE Department of Trade and Industry (DTI) hopes to reach an agreement this month with the Department of Finance (DoF) on further revisions to the government’s proposal to raise the excise tax rates on automobiles.

 Posted by BusinessWorld Online: Economy at 3:42 pm  No Responses »  Tagged with: CARS

‘Critical’ days for power supply expected in mid-February during shutdown of Malampaya

 Economy
Jan 042017
 

THE THIRD WEEK of February is viewed as a critical period for power supply in Luzon, based on simulations from the Department of Energy (DoE), natural gas supply from Malampaya will still be unavailable while several power plants go on maintenance shutdown.

 Posted by BusinessWorld Online: Economy at 3:36 pm  No Responses »

VAT Refunds: Who, what, where, when and how

 Economy
Jan 042017
 

“Show me the money!” — Rod Tidwell, Jerry Maguire. The catchphrase made famous by actor Cuba Gooding Jr. seems to perfectly capture the constant pressure received by consultants like me who assist taxpayers in the recovery of their excess or unused input taxes remitted to the Philippine tax authority.

 Posted by BusinessWorld Online: Economy at 3:15 pm  No Responses »  Tagged with: Cuba Gooding Jr, Jerry Maguire

BoI beats 2016 investment-pledge growth goal

 Economy
Jan 022017
 

THE Board of Investments (BoI) said it approved P441.8 billion worth of investment pledges in 2016, up 20.4% year on year.

 Posted by BusinessWorld Online: Economy at 3:15 pm  No Responses »

Duterte confident currency will ‘rise again’

 Economy
Jan 022017
 

PRESIDENT Rodrigo R. Duterte is confident that “the peso will rise again” even though traders expect the local unit to break the P50-a-dollar level in 2017 after the Federal Reserve signaled two to three rate hikes this year.

 Posted by BusinessWorld Online: Economy at 3:11 pm  No Responses »  Tagged with: Federal Reserve
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