By Riza Lozada Three tax experts, including Internal Revenue Commissioner Kim Jacinto-Henares, for different reasons, agree that the tax system in the Philippines is not ideal and needs to be reformed.
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May, 2015
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11 May
Lina mum on Apostol’s smuggle raps
By Luis Leoncio “Immediately upon being advised of my appointment as commissioner of the Bureau of Customs, I met with the directors and officers of all my companies and announced my resignation from the chairmanship and vacated my seat as director of all the companies comprising the Lina Group,” Customs Commissioner Alberto Lina said in a statement to The Market …
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11 May
Bad roads in Phl turn off investors
By Jerry Maglunog Lack of paved roads is turning off investors, despite the Philippines’s steady economic growth, an official of a Malaysian conglomerate said. Luzon may have seven expressways, but this is not the case in the Visayas and Mindanao, said the civil engineering expert who has taken part in building ambitious and expensive projects in different parts of the …
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11 May
Government claims drastic cut in poverty by 2016
By Riza Lozada The government unveiled a bold program which it claims will bring down the poverty level to 18 to 20 percent by next year from the current 24 percent of the population through a poverty alleviation scheme in nine select provinces with the poorest families.
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11 May
DBM speeds up release of climate-change funds
The Department of Budget and Management (DBM) is speeding up the release of funds for climate change by allowing the online submission of the budget. The Unified Accounts Code of Structure (UACS) that will expedite reportorial of expenditures was also introduced in government offices with an information campaign launched last week.
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11 May
Asia-Pacific nations should grow responsibly, says ADB
Asia-Pacific nations, including the Philippines, can no longer pursue growth at any cost without embracing better governance to build economies that are socially inclusive and environmentally sustainable, according to the Asian Development Bank’s (ADB) Independent Evaluation Department.
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11 May
Yuchengco Foundation opens Blessed Teresa of Calcutta Awards
By Riza Lozada Service to the community will be highlighted through The Blessed Teresa of Calcutta Awards (BTCA), which returns for its 28th year. Coming from their successful run last year, the BTCA is once again in search for selfless leaders who have given back to the community through their own social causes that benefit the marginalized members of society.
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11 May
The Bangsamoro basic lie
Given that the proposed Bangsamoro Basic Law (BBL), which our government would have us swallow hook, line and sinker without as much as an apostrophe edited on even its most unconstitutional provisions for fear of displeasing Benigno Aquino III’s newfound KKK (kaklase, kabarilan and kaibigan), shooting buddies and BFF (best friends forever) in the Moro Islamic Liberation Front (MILF), a …
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11 May
Voices from my grandmothers
By just being themselves—no cloying affectations or overzealous attention—and hardly even talking in my memory, the “voices” of my maternal and paternal grandmothers have remained audible in me.
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11 May
Who’s footing the bill for Joel Villanueva’s ads?
What is it with the chiefs of Tesda (Technical Education and Skills Development Authority) and their overwhelming thirst to show their mug on advertising materials ostensibly to promote the programs and projects of the agency?
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The Market Monitor Minding the Nation's Business