MANILA, Philippines — The Philippines has the fourth worst retirement system among 37 countries, according to a study which assesses various pension systems across the globe. Based on the 2019 Melbourne Mercer Global Pension Index (MMGPI), the Philippines’ retirement system ranked 34th among 37 countries, with an overall index value of 43.7. This is the […]
Read MoreAround 600 members of the Private Hospitals Association of the Philippines Inc. (PHAPi) threatened that they will not renew their PhilHealth accreditation in 2020 due to unpaid claims amounting to billions of pesos. According to Maki Pulido’s Monday report on 24 Oras, PhilHealth owes PHAPi around P2.5 billion in reimbursements. “It’s very risky na accredited […]
Read MoreTax refund has never been an easy process, especially in the Philippines. Some say that getting a tax refund in the Philippines is almost next to impossible, a tedious and a time-consuming process that can trigger a mandatory tax audit on the taxpayer. For companies, however, who are engaged in zero-rated sales but have accumulated […]
Read MoreMANILA, Philippines — The exposure of Philippine banks in the volatile real estate sector picked up in June after eight consecutive quarters of month-on-month declines, but remained below the 20 percent threshold, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said the share of real estate loans to the industry’s total loan […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has welcomed the proposal of Albay Rep. and House ways and means committee chairman Joey Salceda to impose a new tax scheme for the mining sector, which would be used to create a sovereign wealth fund for the benefit of future generations. In an interview, Finance Secretary […]
Read MoreMANILA, Philippines — After setting record-high imports this year, the Philippines is seen to buy less rice in the world market next year amid excessive supply coupled with improvements in the local production. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), the Philippines is expected to import 2.4 million […]
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