THE Department of Agriculture has pinned its hopes on the livestock sector and an expected bumper grain harvest this quarter amid favorable weather, with the Agriculture secretary saying he “hopes” for output growth of 7% to 8% in the three months to December, which will be sufficient to drive full-year growth to the mid-single digits.
THE government and the Asian Infrastructure Investment Bank (AIIB) are eager to get started on identifying and funding infrastructure projects, with officials touting the Beijing-backed lender’s speed in evaluating loan proposals and the low cost of its financing.
THE Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) expects the industry to face a “challenging year” in 2017 as automakers strive to sustain the record-breaking pace of growth in the past half decade, a top official said.
The principles of a sound tax system are fiscal adequacy, administrative feasibility, and theoretical justice. Fiscal adequacy means the sources of revenue must be sufficient to meet government expenditures and other public needs. Administrative feasibility means tax laws and regulations must be capable of being effectively enforced with the least inconvenience to the taxpayer. And theoretical justice means that a sound tax system must be based on the taxpayers’ ability to pay.
THE Export Development Council (EDC) is forecasting that total exports, including services, may sustain their recovery and grow more than 7% starting 2018, officials said.
THE PHILIPPINE Ports Authority (PPA) is withdrawing the Davao Sasa Port redevelopment from the list of public-private partnership (PPP) projects approved by the National Economic and Development Authority (NEDA) Board to pave the way for possibly funding it internally at a greatly reduced cost.
Organizations measure success in quantifiable terms, such as revenue, margins, production volumes, brand, reputation, and more importantly, longevity. This is something that we in SGV understand and appreciate, having celebrated our 70th anniversary in 2016. If an entity thrives for seven decades, one can assume that it has followed a viable and sustainable business model. Yet, given the lightning speed at which global business is evolving, even long-running companies need to develop strategies for maintaining their lead in a highly competitive market. Keeping up with modern business paradigms is not something that can be taken for granted; instead, it needs to be actively and constantly pursued, no matter how long one has been in the game. In fact, part of the journey is learning from mistakes and moving on with more passion and determination to succeed.
PUBLIC-PRIVATE partnership (PPP) projects already approved by the National Economic and Development Authority (NEDA) Board will not be affected by the “hybrid” PPP project procurement process the government wants to pursue.
SMALL Business Corp. (SBC) has submitted its borrower’s data to the country’s centralized credit information system — becoming the first government-owned and controlled corporation (GOCC) to do so.
REMITTANCES slipped in October to a nine-month low due to foreign exchange fluctuations, the central bank said yesterday, but remained on track to hit the central bank’s forecast for the entire year.