THE Asian Development Bank (ADB) said the focus of tax reforms on increasing the excise on key goods will make the system less regressive, helping improve the business environment while sustaining growth.
Feb 202017
Feb 202017
Does the current Bank Secrecy law serve as a citadel for investors or depositors against possible abuse of power by the government, or does it provide a shield for tax evaders? Balancing of interests is a continuing challenge for the State, and with the advent of the tax reforms of the Duterte administration and with the introduction of House Bill 4774, the need to balance these interests once again arises.
Feb 192017
THE PHILIPPINES rose to the 58th spot in this year’s Index of Economic Freedom, riding on robust economic growth and fiscal gains, although concerns remain on whether these can be sustained under the new government.
Feb 192017
THE PHILIPPINES could lose its standing as the world’s top nickel supplier with Indonesia lifting its export ban on the metal, and after the Environment department ordered closures and canceled concessions which affected 28 mines, accounting for half of the country’s total nickel output.
Feb 192017
(First of two parts)2016 will probably go down in history as the year when most Filipinos truly understood the real threats of cyber attacks on their day-to-day lives. While technology and cybersecurity professionals have been advocating cybersecurity for many years, the events of last year, particularly the Comeleak and the Bangladesh Bank hacking, brought to the fore the issue of cyber risk.
Feb 172017
HOUSE Speaker Pantaleon D. Alvarez has filed his own version of a bill seeking to remove the Bureau of Internal Revenue from the coverage of Salary Standardization Law in order to allow the agency to formulate its own compensation and position classification system.
Feb 172017
MEXICO proposed a free trade deal with the Philippines and the possibility of freeing up visa arrangements during a meeting between top officials of the two countries.
Feb 172017
THE Department of Energy said Friday that the maintenance shutdown of the Malampaya facility has been completed as scheduled.
Feb 162017
THE Department of Energy (DoE) has drafted an executive order that will certify as urgent energy development projects as being of national significance, giving it the power to issue a key environmental clearance to hasten their completion, the Energy secretary said on Thursday.
Feb 162017
TWO important provisions of the law that restructured the energy sector have yet be fully implemented, the Department of Energy (DoE) said, citing factors such as resistance from stakeholders and the lack of awareness from industry participants.