Maniolas – Page 178 – Un-edited News & Stories about the Philippines

Seventy and beyond

Economy

Dec 182016

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.

PPP projects under procurement unaffected by proposed ‘hybrid’ system

Economy

Dec 162016

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.

SBC submits data to credit information system

Economy

Dec 162016

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.

OFW remittances down 3% in Oct. at $2.099B

Economy

Dec 152016

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.

Gov’t infra push not affected by Fed move

Economy

Dec 152016

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.

Hot money outflows accelerate in Nov.

Economy

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.

2017 budget bicam report ratified by House, Senate

Economy

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.

EDC seeks more gov’t backing of geothermal

Economy

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.

Divided perspectives on dividend income

Economy

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.

2017 budget hurdles bicam; infra at 5.4% of GDP

Economy

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.

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