THE Environment department may start in January an audit of the environmental compliance certificates (ECC) issued to all coal-fired power projects, with the aim of minimizing the Philippines’ heavy reliance on “dirty” energy sources.
Nov 032016
Nov 032016
CERTIFICATES of Tax Exemption (CTEs) covering the transfer of land intended for use in government socialized housing projects will be prioritized by the Bureau of Internal Revenue (BIR), under an agreement signed with housing regulators.
Nov 022016
HIDDEN GEM: UnidadPark is situated at Beverly boulevard at the Historic Filipinotown – a huge and beautiful mural (titled Gintong Kasaysayan, gintong pamana) is certain to notify a visitor that the place belongs to a rich heritage. By Abner Galino UnidadPark, is an area with a dimension of about 150 feet by 150 feet, situated at Beverly boulevard at the Historic Filipinotown. Call it a hidden gem, if you will. Because it is likely that you’ll miss the place even if you were driving at a snail’s pace. But once inside this pocket park, a huge and beautiful mural (titled Gintong Kasaysayan, gintong pamana) is certain to notify a visitor that the place belongs to a rich heritage. The artist who created the mural, Eliseo Silva, 44, recalled that the area would have been a parking space today had its original owner, Dr. CarmencitaChuateco, agreed to sell it to a commercial entity. The mural, which depicts Filipino American labor leaders Larry Itliong and Philip Vera Cruz, has been there even before the park was established in 2007 and unveiled in September 2009 as Unidad Park. Silva said Unidad Park sits in probably the most historically significant neighborhood in the City of Los Angeles as far as Filipino Americans are concerned. “This is where Filipinos of the pre-1965 migration settled,” Silva explained, “nandiyan ang St. Columban Catholic Church, Iglesia ni Cristo and other places where Filipinos used to converge.” Being managed by the Los Angeles Neighborhood Land Trust (LANT), Unidad Read More …
Nov 022016
THE government needs to accelerate its economic reforms if it is to achieve its poverty-reduction goals, according to the Department of Finance (DoF).
Nov 022016
THE VOLUME OF cargo passing through the country’s ports rose 9% in the first nine months of the year, the Philippine Ports Authority (PPA) reported, attributing the rise to the growing economy and the rush to have goods in stores by Christmas.
Nov 022016
The Base Erosion and Profit Shifting (BEPS) Project by the Organization of Economic Co-operation and Development (OECD) and (supported by) the G20 countries, aimed to address the discordant tax laws and rules among and between different jurisdictions/countries that make it possible for multinational group of companies to commit BEPS. After the issuance in October 2015 of the final reports on the BEPS Initiative, many might still be unaware that the final reports have significant impact on existing international guidelines on transfer pricing (TP).
Nov 012016
FOREIGN direct investment (FDI) to the Philippines is expected to keep growing despite unsettling rhetoric from President Rodrigo R. Duterte, but will likely see a shift in the sources of capital to reflect the trade pivot to Asian economies, a public finance expert said.
Nov 012016
THE proposed excise tax on petroleum and expansion of the value-added tax (VAT) base in the Department of Finance’s (DoF) personal income tax reform package will affect the rich the most, with the poor shielded by subsidies, according to the department’s Chief Economist.
Nov 012016
THE Philippines is seeking to access markets like China, the world’s top importer of sugar, to diversify its trade, which is heavily weighted towards the United States, an official with the sugar regulator said.