DAVAO CITY — More robust trade between Indonesia and the Philippines, particularly within the areas of the Brunei-Indonesia-Malaysia-Philippines (BIMP) sub-regional grouping, is expected with the soon-to-be-launched Davao-General Santos-Bitung roll-on, roll-off (RoRo) cargo route and increased marketing initiatives.
The approval of the 2017 Investment Priorities Plan (IPP) on Feb. 28, 2017 demonstrates that inclusive economic growth remains a high priority agenda in President Rodrigo R. Duterte’s administration. The IPP is a list of government priority investments formulated by the Board of Investments (BoI) that may be eligible for fiscal and non-fiscal incentives, including an income tax holiday (ITH) of up to eight years.
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MULTILATERAL lender World Bank is pouring in $64.6 million for the first line of the planned Metro Manila bus rapid transit (BRT) system, which it will co-fund with the Philippine government.
THE Association of Southeast Asian Nations (ASEAN) and China will have much to gain from strengthened cooperation in the tourism industry, a high-ranking Chinese official said on Thursday.
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THE FINANCE department said groundbreaking is expected this year on three railway projects outside Metro Manila, as well as new public transport lines along the main Metro Manila artery, Epifanio de los Santos Avenue (EDSA).
PASSAGE of the comprehensive tax reform program may be pushed back to October, falling three months behind the government’s July target, as strong opposition remains to the removal of exemptions.
CIGARETTE manufacturer Mighty Corp.’s liability should not be limited to taxes allegedly evaded via fake excise stamps, as it must also be held accountable for the social costs associated with selling cheaper cigarettes, a senior legislator and member of the House’s revenue-raising committee on Ways and Means said.