By John Victor D. Ordoñez, Reporter PRESIDENT Ferdinand R. Marcos, Jr. issued an executive order (EO) that will reduce real property tax for independent power producers (IPPs) engaged in build-operate-transfer…
Category:
Economy
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THE National Food Authority (NFA) on Wednesday began releasing rice stocks to local government units (LGUs) in response to the declaration of a food security emergency. Agriculture Secretary Francisco Tiu…
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BUDGET Secretary Amenah F. Pangandaman said the eMarketplace online procurement portal has processed its first vehicle transactions, covering four units which were delivered in two weeks. In a statement on…
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THE PHILIPPINES is advancing its discussions with India’s flag carrier, Air India, over possible direct air services between the countries, the Civil Aviation Authority of the Philippines (CAAP) said. In…
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By Justine Irish D. Tabile, Reporter EXPORTS are expected to take a hit after US President Donald J. Trump announced a plan to impose 25% tariffs on semiconductors this year,…
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THE Department of Trade and Industry (DTI) said that it expects to complete by mid-March a joint administrative order (JAO) that will implement a new auto industry revival program. According…
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THE Philippine Amusement and Gaming Corp. (PAGCOR) said it continues to support the expansion of gaming-focused Special-Class Business Process Outsourcing (SCBPO) in the face of a government crackdown on a…
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THE GOVERNMENT is finalizing the guidelines on certifying export-oriented enterprises (EOEs) for availing of value-added tax (VAT) zero-rating on local goods and services. In an online public consultation on Wednesday,…
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Filing a tax refund claim brings a sense of anticipation, as taxpayers aim to get back a portion of their hard-earned money. However, the process of obtaining a VAT refund…
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THE Philippines’ trade position with the US should help insulate it from global trade uncertainties, S&P Global Ratings said. “Fortunately for the Philippines, it is one of the major economies,…