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Categories Economy

PCCI warns of brand exodus if luxury tax passes

January 18, 2023

THE proposed tax on luxury goods risks the departure from the Philippine market of luxury-goods brands, possibly undermining the Philippines’ appeal as

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Categories Economy

PPA sees monitoring system reducing logistics costs

January 18, 2023

THE Philippine Ports Authority (PPA) said its upcoming Trusted Operator Program-Container Registry and Monitoring System, or TOP-CRMS, will help reduce logistics costs

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Categories Economy

Protectionism shields bulk of PHL diet from imports — PIDS

January 18, 2023

THE bulk of the Philippine diet enjoys protection from import competition, according to the Philippine Institute for Development Studies (PIDS), a government

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Categories Economy

House panel estimates luxury tax will generate P12.4B a year

January 18, 2023

THE House Committee on Ways and Means said it expects its proposed luxury tax to raise at least P12.4 billion a year. “I’m

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Categories Economy

Philippines cedes tax revenue under global minimum tax rules

January 18, 2023

To expedite the revival of the economy from the pandemic and restore its trajectory towards upper middle-income status, the government has eased

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Categories Economy

Aboitiz, Zobel de Ayala headline PHL business delegation to Davos 

January 17, 2023

THE Philippine business delegation to the Davos conference in Switzerland was led by the heads of some of the country’s biggest blue-chip

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Categories Economy

Film industry bats for reduced taxes in Congress

January 17, 2023

THE film industry told Congress it is too heavily taxed, and added that reducing the tax burden would encourage filmmakers to produce

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Categories Economy

SRA calls for sale of smuggled sugar at Kadiwa stores

January 17, 2023

THE Sugar Regulatory Administration (SRA) said sugar seized from smugglers should be sold to the public via the Department of Agriculture’s (DA’s)

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Categories Economy

Government generates P681M in procurement savings

January 17, 2023

THE GOVERNMENT generated savings of P681.2 million from procurement efficiencies in 2022, up 21.8% from a year earlier, the Department of Budget

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Categories Economy

BSP notes improvement in accuracy of household inflation views

January 17, 2023

THE Bangko Sentral ng Pilipinas (BSP) said household estimates of inflation have been improving in accuracy since 2014, possibly influencing monetary policy

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Marcos calls for flexibility in devolving functions to LGUs

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Oil spill clouds prospects of resorts, marine parks along Verde Island Passage

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UPS projects PHL trade with Asia tripling to $393B by 2030

PHILIPPINE TRADE with the rest of Asia is expected to triple by 2030 to $393 billion, logistics...

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ERC asked to review VAT treatment of system losses

A LEGISLATOR representing power cooperatives asked the Energy Regulatory Commission (ERC) on...

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House resolves to extend travel tax exemption for EAGA-bound travelers

THE House of Representatives passed a resolution to renew a travel tax exemption for passengers...

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