THE Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) is preparing its position paper against the government’s plan to hike the tax on automobiles, a top official of a member company said.
Nov 182016
Nov 172016
THE Philippines rose 11 places in a global ranking of ease of tax compliance for businesses, according to the World Bank Group (WB) and PricewaterhouseCoopers (PwC).
Nov 172016
CHINA is interested in developing at least one industrial economic zone in the Philippines, promising to shoulder most of the expenses as part of the “quick turnaround” of the countries’ bilateral relationship, a trade official said.
Nov 132016
THE uncertainty presented by a Trump presidency may require a shift by the Philippines if it intends to grow its foreign trade, siding China because the Trans-Pacific Partnership (TPP) could be dead in the water, the head of the exporters’ association said.
Nov 102016
A Bus Rapid Transit (BRT) and a Metro Manila flood control project will be the first projects to be presented to the Asian Infrastructure Investment Bank (AIIB) once the Philippines confirms its membership in the Beijing-backed lender.
Nov 012016
FOREIGN direct investment (FDI) to the Philippines is expected to keep growing despite unsettling rhetoric from President Rodrigo R. Duterte, but will likely see a shift in the sources of capital to reflect the trade pivot to Asian economies, a public finance expert said.
Oct 262016
EUROPEAN UNION (EU) businesses are bullish on investing in the Philippines, according to the Department of Finance (DoF), following meetings between ambassadors from the bloc and Finance Secretary Carlos G. Dominguez III.
Oct 262016
On Sept. 26, the Department of Finance (DoF) submitted to Congress the first package (out of four) of its proposed tax reform program, the purpose of which is to create a tax system that is simpler, fairer and more efficient, characterized by low rates and a broad base. This is a huge change in our tax system, and one that took a long time coming, I must say, since our National Internal Revenue Code has been in existence for almost two decades, and yet no major reforms (at least not of this magnitude) have been formally passed, until last month. Also, with the ASEAN integration, and the Philippines having one of the highest personal income tax rates and one of the narrowest tax bases within the Asia-Pacific region, it is high time that a major revamp of our existing tax system be considered.
Oct 192016
AN OFFICIAL recommendation on the feasibility of setting up downstream ore processing facilities in the Philippines will be drawn up by the end of the year, according to the chief of the Mines and Geosciences Bureau (MGB).
Oct 112016
WORRIES about the Philippines are “overdone,” with President Rodrigo R. Duterte expected to be good for the economy in the long run, according to emerging markets fund manager Mark Mobius.