THE Bureau of Internal Revenue (BIR) expects collections to improve in the coming months as the new withholding tax on online sales takes effect. “Collections from the withholding taxes from…
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GOVERNMENT agencies are hoping to increase exports of coconut-based products to the European Union (EU), while attracting investment in processing operations. In a statement on Wednesday, the Board of Investments…
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NFA sees rice sales to government agencies supplementing funding for procurement
THE National Food Authority (NFA) said higher revenue from rice sales to government agencies is expected to add to its procurement budget for palay or unmilled rice. In a statement,…
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A TAIWAN manufacturer of optical communication products has registered a $70-million project in Batangas with the Philippine Economic Zone Authority (PEZA). In a statement on Wednesday, PEZA said Taiwan’s EZConn…
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THE SENATE plans to approve the proposed P6.352-trillion national budget for 2025 by the second week of December at the latest, in time to submit the legislation to the Palace…
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ELECTRICITY PRICES traded at the Wholesale Electricity Spot Market (WESM) declined in September as cooler weather set in, dampening demand, according to the Independent Electricity Market Operator of the Philippines…
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UP TO 20% of the domestic vape industry has shut down due to onerous government regulations, according to an industry representative. Joey Dulay, President of the Philippine E-Cigarette Industry Association,…
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THE Bureau of Fisheries and Aquatic Resources (BFAR) said it will carry out a five-year plan to improve the competitiveness of the aquaculture industry. “This five-year aquaculture plan will serve…
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THE information technology and business process management (IT-BPM) industry said it is on track to exceed its base-case targets for revenue and employment this year. IT and Business Process Association…
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MARKETING professionals will need to integrate artificial intelligence (AI) and sustainability into their operations to remain globally competitive, an industry group said. “Our goal this year is to highlight the…