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Iloilo City, Iloilo—Ministers of the Asia-Pacific Economic Cooperation (Apec) recognized on Friday that corruption and unethical business practices hamper micro, small and medium enterprises (MSMEs) from entering the global market. 

“Practitioners of the craft are responsible, in no small part, to the state of the Philippine society, or more accurately, to the state of the Filipino mind,” thus declared Chief Justice Ma. Lourdes Sereno when she opened the 22nd National PR Congress at the Hotel Intercontinental Manila in Makati City. 

By Luis Leoncio Senate proponents of the bill reducing income and corporate taxes are proposing a new tack to compensate for the revenue losses the government would incur.

The increasing tax burden and overregulation are the two major concerns for sustainable growth in the Philippines, according a survey conducted by the international auditing firm PricewaterhouseCoopers (PWC) among the Philippines’ top business leaders.

By Jerry Maglunog Emerging market economies (EMEs) that include the Philippines are expected to benefit from the decision of US monetary officials to maintain key rates, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said.

The Philippines on Saturday welcomed Japan’s landmark legislation that would allow its military to fight overseas for the first time in 70 years and respond to threats against its allies.

By Luis Leoncio  The much-awaited proposed tax cuts may not come about, after all, despite earlier assurances that Malacañang was open to them. 

The monstrous daily traffic snarls have apparently pushed many motorists to desperation, and some are now demanding that President Aquino declare a state of national emergency in Metro Manila to stop the anarchy on the streets that the problem has spawned. 

The Supreme Court (SC) has ordered the Executive and Legislative branches to explain not later than Friday allegations by watchdogs of public funds that certain provisions in the 2015 national budget resurrected the already outlawed Priority Development Assistance Fund (PDAF) and the voided practices under the Disbursement Acceleration Program (DAP). 

By Riza Lozada  The government continues to use huge allocations for state workers in the 2015 budget to raise savings for the future use of the Executive as “discretionary funds.”