ECONOMIC managers, together with Vice-President Maria Leonor G. Robredo, have formally opposed a planned two-year moratorium on land conversions, calling on Malacañang not to sign the “problematic” proposal.
Oct 122016
Oct 122016
THE trade deficit for 2016 could come in at double the year-earlier level, DBS Research said, but added that the rebound in electronics exports seen in August could cushion the blow.
Oct 112016
REGIONAL governments’ finances could turn unsustainable if the government suspends too many mines, an Environment official said.
Oct 112016
WORRIES about the Philippines are “overdone,” with President Rodrigo R. Duterte expected to be good for the economy in the long run, according to emerging markets fund manager Mark Mobius.
Oct 112016
AUTO sales in September contracted 3.1% month on month, automaker associations said, running counter to trend in recent years, hindered by an unusually strong performance in the base month of August.
Oct 102016
REGULATORS officially released yesterday the contents of a presidential order appointing a replacement to engineer Leo L. Jasareno, the official who oversaw an audit of the environmental practices of miners.
Oct 102016
THE Philippines is unlikely to breach the new government’s deficit cap until 2017 but the deficit is poised to trend higher due to aggressive spending planned by President Rodrigo R. Duterte, BMI Research said in a report, although it flagged declining revenue as a possible setback to growth.
Oct 102016
For the past months, the push for tax reform has been increasing, to rationalize our 19-year-old Tax Code in response to our changing economic environment, including the impact of ASEAN integration. Among the issues surfacing in the news are: updating the tax brackets for individual income tax, reducing corporate income tax rates, and simplifying certain tax administration procedures. Not to be left behind is the possible reform of the withholding tax system, particularly on the expanded withholding tax (EWT). This article focuses on EWT.
Oct 092016
THE feed-in-tariff allowance, a fund collected from electricity consumers and given to renewable energy developers, is among the energy-related outlays that the Department of Energy (DoE) is considering for the P3-billion aid extended by the European Union (EU).
Oct 092016
INFLATION is expected to stay above 2% in the short term, after a half-percentage point increase for September breached the low end of the central bank’s target range of 2%-4% for 2016, according to the Department of Finance (DoF).