MANILA, Philippines — Market investors continue to be in the market but with guarded optimism ahead of the 2017 corporate income results, as well as the full year economic performance of the country, analysts said. The benchmark Philippine Stock Exchange index (PSEi) gained 43.10 points, or 0.48 percent, to finish at 8,857.72 while the broader […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers continued to grow in November last year, bringing the 11-month tally 5.1 percent higher at $28.24 billion from the year-ago level of $26.88 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Nestor Espenilla Jr. said personal remittances from overseas Filipinos (OFs) rose 3.2 percent […]
Read MoreThe Board of Investments (BoI) is aiming to approve P680 billion worth of investments this year, 10 percent higher than last year’s record P617 billion, a senior Trade department official said on Monday. “We are targeting P680 billion [in]investments this year. We continue to collaborate and monitor those investors who have expressed interest to invest […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said employees of regional operating headquarters (ROHQ) would no longer enjoy special tax rates on their gross income under the new tax reform law. In an interview, Finance Secretary Carlos Dominguez said the 15 percent special tax rate on the gross income of employees of ROHQs is […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) said the Tax Reform for Acceleration and Inclusion (TRAIN) Law is a necessary revenue collection reform to shore up revenue for vital government expenditure. The tax reform law which was implemented beginning this month lowers personal income taxes but imposes higher tax on fuel, automobiles, sugary beverages […]
Read MoreMANILA, Philippines — Businessman Manuel V. Pangilinan said the implementation of the tax reform law would not have a significant impact on his companies. “All of us, all the companies will be affected in some shape or form but I don’t think the effect would be significant enough,” he said when asked about the impact […]
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