Thursday , 28 March 2024

Top News

Mighty Corp. settlement to boost sin tax takes—DoF

The Department of Finance (DoF) estimates that government revenues will increase almost P40 billion from excise tax on tobacco products starting in 2018, following the move by Mighty Corp, to settle its tax liabilities and sell its assets to Japan Tobacco Inc. (JTI).

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LANDBANK Electronic Payment Service Now Open for Taxpayers

LANDBANK account holders can now pay their taxes through the LANDBANK LinkBiz Portal, an alternative payment channel that allows taxpayers to pay their taxes via the internet.

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2-step plan to ease ownership limit bared

By Riza Lozada The government is currently reviewing its Foreign Investment Negative List (FINL) as a way of increasing business projects that would be allowed full foreign participation or ownership prior to an eventual plan to amend the Constitution, Finance Secretary Carlos Dominguez III said during the economic officials’ mission to China.

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Young workforce key Phl advantage—EU poll

The Philippines has the best availability of skilled and competitively priced labor and ease of recruiting labor in the Association of Southeast Asian Nations (Asean) region, according to a recent survey of European businesses in Southeast Asia.

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WB report notes declining poverty rate amid growth

By Luis Leoncio The economy sustaining its strong growth path of above six percent would result in the poverty rate to decline to 22.9 percent in 2018, the World Bank (WB) said in its October 2017 edition of the East Asia and Pacific Economic Update.

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8 projects get priority for China financing

Philippines and Chinese officials will focus on the first “basket” of infrastructure projects which initially prioritizes eight “cooperation” initiatives involving flagship projects of President Duterte, Finance Secretary Carlos Dominguez III said.

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Asia-Pacific to remain global growth hub—S&P

The Asia-Pacific will remain a global growth center with India, China and the Philippines as regional leaders, S&P Global Ratings, in a recent report titled “Major Asia-Pacific Economies Show Stronger Growth; Risks Are Mostly Geopolitical said.

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Japan seal currency swap deals with Asean nations

The government has signed the Restatement Agreement for the third Bilateral Swap Agreement (BSA) with Japan’s Minister of Finance through the Bank of Japan (BOJ), the Bangko Sentral ng Pilipinas (BSP) said.

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Philippines has to do more to be competitive—MBC

By Riza Lozada The recently released Global Competitiveness Report 2017- 2018 of the World Economic Forum (WEF) indicated that the country has to do more to keep pace with its quickly progressing neighbors, the Makati Business Club (MBC) said.

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Marawi City siege dampens BPO boom

The Business Process Outsourcing (BPO) industry said enabling conditions in the country make it a competitive destination for outsourcing services but the prolonged conflict in Marawi City between state forces and Filipino militants supporting the Islamic State (IS) is causing concerns.

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