THE Department of Environment and Natural Resources (DENR) is holding up as an model for the mine site rehabilitation process Filminera Resources Corp., a metals miner threatened with suspension after a government crackdown against substandard environmental management practices.
Come 2017, users and readers of the auditor’s report on 2016 financial statements should expect dramatic and ground-breaking changes. The Professional Regulatory Board of Accountancy in its Resolution No. 125, Series of 2016 has approved and adopted new auditor’s reporting standards, which were based on updated new international auditor reporting standards. These new standards will be effective for audits of financial statements for periods ending on or after Dec. 15, 2016, the same effective date as the new international standards. Accordingly, financial statements for the year ending Dec. 31, 2016, which will be filed with the Securities and Exchange Commission in 2017, will have to be based on these new standards.
THE Board of Investments (BoI) is slated to complete by yearend the Investments Priorities Plan (IPP) 2017-2019, which will expand priority areas in line with the Duterte administration’s 10-point economic agenda.
LISTED A Brown Company Inc. has signed a cooperation agreement with MTD Philippines, Inc., a subsidiary of Malaysian infrastructure conglomerate AlloyMTD, to construct a rail project seen to reduce traffic congestion in Metro Manila.
MERCHANDISE exports rose 5.1% in September, the indicator’s first positive performance since April 2015, as factory output continued to grow.
A Bus Rapid Transit (BRT) and a Metro Manila flood control project will be the first projects to be presented to the Asian Infrastructure Investment Bank (AIIB) once the Philippines confirms its membership in the Beijing-backed lender.
IN A continuing bid to promote mediation to settle tax liabilities, the Bureau of Internal Revenue (BIR) will issue tax clearances for taxpayers settling their liabilities through compromise or abatement.
Philippine Senator and “Fighter of the Decade” Manny Pacquiao throws a right hook to Jessie Vargas (left) who lost his WBO welterweight title to the older Filipino 8-division world title holder during their Saturday meeting at Thomas & Mack Center in Las Vegas. Photo: Jun Camacho Bittersweet. Putting two Filipino boxing icons in one fight event, it turned out, wasn’t a good idea after all. Well, at least from the standpoint of many Filipino Americans. Because they were caught between the sweet feeling of celebrating Manny Pacquiao’s new world welterweight title and the bitterness of commiserating with Nonito Donaire, 33, over his controversial lost of the super bantamweight crown. The ESPN unofficial scorecard has Donaire winning at 115-113. However, the judges saw the fight differently and gave their nods to Donaire’s 24-year-old opponent Jessie Magdaleno with scores of 118-110, 116-112 and 116-112. The scoring of one of the three judges, Adalaide Byrd, was so bad, it prompted Top Rank Promotions boss Bob Arum to call for her disqualification. “If there is one thing to say, because it really troubles me. You can complain about the judges and be a sore loser, so I’m not complaining about any decision because they are all correct. But the judge in the Nonito Donaire-Magdaleno fight, who gave Donaire only two rounds should never be allowed to judge again. The other two judges had Magdaleno winning very, very close. You can argue that was correct or Donaire winning close was correct, but to only Read More …
THE NATIONAL Telecommunications Commission (NTC) is targeting to auction unused and unassigned frequencies by mid-2017, as the regulator moves to attract a third player to the telecommunications industry.
THE DEPARTMENT of Information Communications and Technology (DICT) and its stakeholders will submit to the government a draft executive order (EO) proposing the use of telecommuting and other ICT-based solutions to help ease road congestion in Metro Manila and elsewhere in the country.