ECONOMIC managers said the government’s spending program will remain unaffected by the Federal Reserve’s decision to raise interest rates, with the move described as highly anticipated and long planned for.
Dec 152016
Dec 152016
FOREIGN capital headed for the exits in November at a rate nearly nine times the outflows seen a year earlier, the central bank said, with heightened market jitters largely due to the surprise victory of Donald J. Trump in the United States presidential election.
Dec 142016
THE P3.35-trillion budget bill for 2017 will now go to President Rodrigo R. Duterte for his signature after both houses of Congress ratified the bicameral conference committee report containing the new government’s first spending program.
Dec 142016
ENERGY DEVELOPMENT Corp. (EDC) has asked the government to back the development of more geothermal projects as the Lopez-led company described the energy source as not only clean and renewable but also offers stable cost and supply.
Dec 142016
As the year draws to a close, corporations begin to account for earnings from all sources during the year, both from the active pursuit of business and passive investments. One such form of income that should not be overlooked is dividends. The applicable tax on dividends depends on the type of recipient. The Tax Code exempts from tax dividends received by domestic corporations and resident foreign corporations from domestic corporations, while those received by non-resident foreign corporations are generally subject to a 30% final withholding tax, which may be reduced pursuant to applicable treaty and tax sparing provisions.
Dec 132016
THE P3.35-trillion national budget for 2017 was approved and ratified yesterday by legislators, after convening for the last time in the year as a bicameral conference.
Dec 132016
DEPARTMENT of Finance (DoF) Undersecretary Karl Kendrick T. Chua said that the government needs to achieve at least a 16.6% tax-to-GDP ratio, to successfully fund its infrastructure program.
Dec 132016
REMITTANCES could potentially get a boost from higher oil prices, resulting in an improved hiring environment in the Middle East, a senior central bank official said.
Dec 122016
THE PHILIPPINES could make significant economic progress by 2022 that would take it beyond the qualifying standards for the Generalized System of Preferences Plus (GSP+) scheme of the European Union, an EU trade official said.
Dec 122016
THE PALACE on Monday said it was too early to tell how the incoming US government’s stated policy against the outsourcing of jobs overseas will affect the business process outsourcing (BPO) industry here.