Suspending excise taxes on petroleum products amid rising inflation would do more harm than good to the economy and actually lead to higher consumer prices, the research and advocacy organization Action for Economic Reforms (AER) said on Wednesday. “The motivation behind suspending the fuel tax is supposedly to bring down inflation. Ironically, if you would […]
Read MoreTHE Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) is seeking for the sector a corporate income tax (CIT) lower than that proposed under the second package of the government’s Comprehensive Tax Reform Program. In a press conference during the Philippine Semiconductor and Electronics Convention and Exhibition (PSECE) 2018 at SMX Convention Center […]
Read MoreMANILA, Philippines — Domestic trade grew 5.4 percent in the first quarter as more food products and live animals were traded nationwide, according to the Philippine Statistics Authority (PSA). The total quantity of goods traded locally rose to 5.11 million tons in the first three months from 4.85 million tons in the same quarter in […]
Read MoreMANILA, Philippines — The Philippine government has called for closer cooperation between the Russian Federation and the Association of Southeast Asian Nations in the field of customs administration. In a recent meeting with Russian Ambassador to the Philippines Igor Khovaev, Finance Secretary Carlos Dominguez III said the head of Russia’s Federal Customs Service should tour […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to further ease the rules on foreign currency trading to make it easy for foreign investments to come in and out of the country. BSP Governor Nestor Espenilla Jr. said the regulator has circulated a draft exposure on the planned relaxation of the foreign […]
Read MoreMANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has completed its acquisition of a 49 percent stake in a water utility giant in Vietnam, marking yet another global expansion by a Philippine-based company. MPIC, the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, through subsidiary MetroPac Water Investments Corp. (MPWC) sealed its purchase […]
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