THE House committee on constitutional amendments has approved the resolution calling for the Congress to constitute into a Constituent Assembly as a mode of changing the 1987 Charter, signaling a way forward for plans to modify the charter’s economic provisions, among others.
The year has not yet ended but I believe that the most used word in the country this year is “change.” Now, how you view change, whether as something to be feared or as a challenge to improve, will determine how you respond to it and how it, in turn, will affect you. One industry has charted its own course this year amid this sea of change. The Information Technology and Business Process Management industry or IT-BPM has thrived in the last 20 years to become one of the country’s primary economic drivers with more than one million full-time employees (FTE) and more than $22 billion in revenue as of 2015. The industry is on track to meet its 2016 goal of 1.3 million direct employees and $25 billion in revenue.
ENTRY-LEVEL employees may enjoy over P12,000 a year worth of additional take-home pay if the proposed personal income tax reform package is passed into law, a Department of Finance (DoF) official said.
THE House of Representatives will expedite the passage of bills granting P2,000 worth of additional monthly pension payments for Social Security System (SSS) retirees and expand the powers of the Social Security Commission (SSC), after committee-level approval for the latter yesterday.
ELECTRICITY consumers paid an average of P2.86 per kilowatt-hour (kWh) for the energy bought at the wholesale electricity spot market in September, down 31% from a month earlier, the market’s governance arm said on Tuesday.
THE House ways and means committee may come out this week with its revisions to the first tax reform package submitted by the Department of Finance (DoF) to Congress last month.
WORKER pay and job creation emerged as the top concerns of Filipinos, even as the government remained focused on fighting crime, particularly illegal drugs, polling organization Pulse Asia said in its “Ulat ng Bayan” survey.
With the Duterte government’s aggressive pursuit of reforms to bring about a simpler, more equitable and more efficient tax system that can encourage investment, job creation and poverty reduction, the Department of Finance (DoF) recently presented its proposed Tax Policy Reform Program as of Sept. 28. The proposed tax policy packages cover several areas of the tax system such as the personal income, consumption, corporate income, property and capital income taxes.
PRESIDENT Rodrigo R. Duterte is fully engaged in the Philippine’s economic agenda, the Department of Finance (DoF) told international credit rater Moody’s Investors Service.
THE PHILIPPINES need to have a “value chain” for liquefied natural gas (LNG) as well as a government policy covering the fossil fuel to spur more financing for projects involving LNG.