THE Philippine Economic Zone Authority (PEZA) is expecting to have more Japanese firms locate in the country after the visit of Japanese Prime Minister Shinzo Abe this week.
As we start the new year, we reflect on the past 12 months and plan for the days ahead. We have roles to fulfill as part of a family, an extended professional family, and as a member of society. A relevant step to this reflection and planning, is to be an informed citizen. Article II of the 1987 Constitution provides that the state adopt and implement a policy of full public disclosure of all its transactions involving public interest, subject to reasonable conditions prescribed by law. The Bill of Rights further guarantees the right of the people to information on matters of public concern. Every citizen is afforded access to official records, and documents pertaining to official acts, transactions or decisions, subject to limitations as may be provided by law.
THE GOVERNMENT on Tuesday assured that power supply for Luzon will be adequate during the scheduled maintenance shutdown of the Malampaya facility although electricity prices could rise “inevitably” as gas-fed power plants shift to oil for their fuel.
THE DRAFT of the Philippine Development Plan 2017-2022 targets total government spending for development purposes at 49.2% of the national budget by 2022.
THE Department of Agriculture (DA) is looking at a target of 18.5 million metric tons (MT) for unmilled rice this year, which it said was an adequate output level to support moves towards self-sufficiency in the staple grain.
INVESTMENT registered by the Philippine Economic Zone Authority (PEZA) fell over 26% in 2016, mainly due to the political uncertainty during the presidential elections and a wait-and-see attitude on Philippine and US economic policy.
FORMER economic ministers said they support the Finance department’s efforts to reform the tax system, including measures intended to offset lost revenue from reducing personal income tax rates, saying the initiative is “long overdue” and necessary to radically reduce poverty.
In line with the Jan. 20 deadline for the renewal of business registration with local government units (LGUs), it is necessary to know where to pay your local business taxes for 2017. At the LGU of the head office, the branch, sales office, warehouse or the factory?
INFLATION will likely pick up in the near term due to a general rise in goods prices, alongside a recovery in oil prices after oil exporting country agreed to production cuts in crude oil, though conditions will remain generally favorable throughout the year, the Finance department said.
THE GOVERNMENT will be accepting fresh bids for the unbundled regional airports as it pushes ahead with its plan to develop international gateways in the countryside, a top official of the Transportation department said.