MANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]
Read MoreMANILA, Philippines – The lifting of the value-added tax exemptions on low-cost housing as proposed by the tax reform bill would exacerbate the growing backlog for houses, property stakeholders said. Colliers International research manager Joey Roi Bondoc told The Star the removal of the VAT exemption on the sale of low-cost housing would make owning a house more […]
Read MoreMANILA, Philippines – Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. During the bidding conducted yesterday, state-run National Food Authority (NFA) announced that four companies from Vietnam, one from […]
Read MoreMANILA, Philippines – The national government’s fiscal deficit widened in the first half due to lower than expected revenue during the period, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the Treasury, the budget deficit in the first semester rose 28 percent to P154.5 billion from the […]
Read MoreMANILA, Philippines – Economists of private banks lowered their inflation forecasts for this year and next year amid the lingering uncertainty over the global economic growth and lower oil prices, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, director at the BSP’s Department for Economic Research, said results […]
Read MoreMANILA, Philippines — Filipinos, especially the working class, have long called for a tax system that is fair and simple. There is now hope as the House of Representative has approved on third and final reading House Bill 5636, or the Tax Reform for Acceleration and Inclusion (TRAIN). Once passed as law, it will be […]
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