THE Food and Drug Administration (FDA) said it suspended the new registration and assessment fees for medical products after legislators said they were modified without sufficient consultation. In a briefing…
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THE Department of Budget and Management (DBM) said the cash utilization rate posted by government agencies hit 92% in April. The National Government (NG), local governments, and government-owned and -controlled…
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THE Department of Public Works and Highways (DPWH) said construction of parts of the Bataan-Cavite Interlink Bridge is set to start before July. “We are in the process of finalizing…
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EXPORTERS said the pace of the peso’s appreciation could have negative consequences for their businesses, and added that the industry is currently trying to determine an appropriate and balanced exchange…
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THE Employers Confederation of the Philippines (ECoP) said large wage hikes are no longer workable now that the Philippines has the highest minimum wages in Southeast Asia. “We are the…
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THE Philippine Competition Commission (PCC) has cleared Dubai Aerospace Enterprise Ltd.’s takeover of Nordic Aviation Capital Designated Activity Co. from NAC Holdings Ltd. “The commission decided that the transaction would…
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THE Bases Conversion and Development Authority (BCDA) said two South Korean firms are exploring infrastructure projects in New Clark City and Poro Point. “We are thrilled to collaborate with South…
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MORE funding for palay procurement and amendments to the Rice Tariffication Law will be the main legislative agenda items for the National Food Authority (NFA), the Department of Agriculture (DA)…
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In our previous articles and public seminars on transfer pricing (TP), we’ve consistently emphasized that it was only a matter of time before the Bureau of Internal Revenue (BIR) actively…
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EXPANSION PLANS may have to be put on hold as companies seek more clarity in the direction of global trade, according to the Management Association of the Philippines (MAP). “I’m…